Texas Instruments issues its 2015 Corporate Citizenship Report
OREANDA-NEWS. Texas Instruments (NASDAQ: TXN) (TI) Incorporated posted its tenth annual Corporate Citizenship Report (CCR) today, outlining the company's social and environmental performance for 2015.
"Engineering a better future has been an integral part of our company since our founding 85 years ago. Through the years, we have collaborated with our employees, customers, suppliers and communities to make great products, continually improve operations, inspire the next generation of innovators, and make where we live and work better for everyone," said Rich Templeton, TI chairman, president and CEO, in the report's opening letter.
In 2015, TI:
- Achieved a 12 percent reduction in total annual water use.
- Ensured that 100 percent of the metals used to manufacture integrated circuits are from certified conflict-free sources.
- Completed compliance training with 99.9 percent of employees, including annual courses on its Code of Conduct and core values.
- Achieved exemplary safety performance - among the best in the company's history and in the industry.
- Increased global volunteerism by 40 percent.
- Grew philanthropic and employee giving to $33 million, with two-thirds invested in education.
In the decade since TI's first citizenship report, the company has invested $17.1 billion in R&D and secured more than 13,000 patents to sustain a track record of innovation. In addition, TI gained unprecedented efficiencies in its manufacturing processes in transitioning from 200mm to 300mm wafer technology. Conservation projects alone have cumulatively saved 7.7 billion gallons of water and 11.1 million MMBtus in energy. Around the world, TI also invested more than $250 million in education, with an emphasis on students who are underrepresented in science, technology, engineering and math careers.
"As we look to the next decade, we will continue to do what we do best - innovate, create and help our customers push the boundaries of what is technologically possible. Our ambition is to be the best semiconductor company in the world in the eyes of our customers, our shareholders, our employees and our fellow neighbors. Going forward, they can count on our continued commitment to the values on which we've long operated," Templeton said.
The complete report addresses business practices, product stewardship, environmental responsibility, supply chain diligence, employee well-being and community improvement.
TI developed the report with the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines at the Core Level. The GRI is one of the world's most widely used frameworks for sustainability reporting.
About Texas Instruments
Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog ICs and embedded processors. By employing the world's brightest minds, TI creates innovations that shape the future of technology. TI is helping more than 100,000 customers transform the future, today.