Annual Sustainability Report 2024

Advancing Innovation for a
Better, More Sustainable Future

Discover onsemi's 2024 sustainability report.

Our Business

onsemi is dedicated to developing cutting-edge technology and semiconductor products that not only meet the demands of today but also pave the way for a sustainable future. Our commitment to sustainability drives us to innovate solutions that minimize environmental impact and maximize efficiency across industries.

Photo of Hassane El-Khoury, CEO of onsemi

Message from Our CEO

onsemi is made up of the most innovative and talented individuals worldwide and I am immensely proud of their unwavering commitment to our core values: purpose, innovation and excellence.

We are proud of our sustainability contributions from product innovation to supporting customer goals and look forward to a better tomorrow through the actions we take today.

Net Zero Commitment

Since 2021, we have had a goal of achieving net zero emissions by 2040 (Net Zero 2040) across Scope 1, 2 and 3 emissions, along with using 50 percent renewable energy by 2030 and 100 percent renewable energy by 2040.

In December 2024, the Science Based Targets initiative (SBTi) approved our near-term science-based emission reduction targets.

With validation by SBTi, onsemi commits to:
• Reduce absolute scope 1 and 2 GHG emissions 58.8% by 2034 from a 2022 base year
• Reduce absolute scope 3 GHG emissions from fuel- and energy-related activities 35.0% within the same timeframe
• Have 71.3% of its suppliers by emissions covering purchased goods and services, capital goods and upstream transportation and distribution, commit to science-based targets by 2029

Photo of flat screen monitor showing text: onsemi commits to net zero by 2040 text

An onsemi employee stands next to a robot, explaining something to visitors at a conference.

Product Stewardship

onsemi is focused on innovation to create intelligent power and sensing technologies that solve the most challenging customer problems. We have components in AI data centers, autonomous vehicles and EVs, charging stations, solar inverters, renewable energy systems, medical devices and more.

In 2024, onsemi had approximately $5,662 million in triple-bottom-line revenue, representing 80 percent of total revenue. Our definition of “triple bottom line” is revenue from products that fall under the intelligent power and sensing umbrella and products that contribute to the triple bottom line – People, Planet, Profit.

Revenue
(Dollars, millions)

2024

2023

2022

Triple-Bottom-Line Revenue
(Dollars, millions)

2024

2023

2022

Decarbonization Progress

2022

2023

2024

Scope 1 and 2 Total

1,728,300

1,542,600

1,467,300

Scope 1

1,014,800

828,600

776,500

Scope 2

713,500

714,000

690,800

Scope 3 Total

2,141,800

1,564,500

948,000

Category 1: Purchased Goods and Services (PG&S)

1,414,900

1,062,500

591,600

Category 2: Capital Goods

102,700

92,100

26,000

Category 3: Fuel- and Energy-Related Activities (FERA)

222,300

237,700

229,900

Category 4: Upstream Transportation and Distribution

326,600

101,100

52,100

Category 5: Waste Generated in Operations

46,500

37,700

8,000

Category 6: Business Travel

6,600

11,300

19,500

Category 7: Employee Commuting

22,200

22,100

20,900

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Progress Towards Near-Term Science-Based Targets

Scope 1 and 2 Near-Term Science-Based Target Progress

Progress Towards Near-Term Science-Based Target Progress Scope 1 and 2

Scope 3 Near-Term Science-Based Target Progress

Progress Towards Near-Term Science-Based Target Progress Scope 3

Scope 3 Supplier Engagement Target Progress

Protecting Our Planet and Environment

onsemi is committed to developing strategies and programs that address global climate change and systems that protects people and minimizes our environmental impact.

An electric car with onsemi graphics driving quickly past a branch in Roznov.

Energy Consumption and Emissions

We have set ambitious decarbonization goals and are dedicated to meeting them by reducing our energy consumption, GHG emissions and overall carbon footprint.

We have implemented measures to decrease energy use and emissions across its operations, reporting annual enterprise-wide GHG emissions from both manufacturing and non-manufacturing sites. We are exploring production-based normalization metrics to enhance transparency into our annual energy and emissions reduction progress. We expect to see a decoupling of our annual energy and emissions inventory compared to production load, as this is a crucial step toward achieving net zero emissions.

Water and Waste Management

We actively work to prevent any adverse effects on our water systems and strive for transparency with our stakeholders, displaying deliberate stewardship of water as a valuable and limited resource. We understand that conserving water lowers the cost of processing and safeguards the supply of water resources.

onsemi is committed to complying with all applicable requirements related to our waste management practices and ensure there are processes and controls in place to effectively manage our waste streams.

happy onsemi employees standing in water and holding plants.

A group of people standing close together and talking to each other.

Six onsemi employees standing by a sign that says #weareonsemi.

Our Employees

At onsemi, our success is rooted in our people. The values we hold as a company reflect our dedication to support our global workforce. We place high value on building a culture of trust and Inclusion across the organization. Each employee contributes a unique and diverse perspective that allows us to maintain a competitive advantage in our industry.

Our community of employees is located around the world with major facilities in Belgium, Canada, China, the Czech Republic, Germany, Ireland, Japan, Malaysia, the Philippines, Slovakia, South Korea, Taiwan, the United States and Vietnam.

Inclusion, Belonging and Engagement

We are committed to ensuring that our employees have a sense of belonging and engagement at onsemi. We recognize that we are strongest when drawing on the broad experiences, knowledge, cultures and perspectives of all employees around the world. We are proud to celebrate our employees and encourage the creativity and innovation necessary to maintain a competitive advantage in the global marketplace.

onsemi employees from Slovakia at a running race, standing by an onsemi sign and smiling.

Employee Experience

onsemi is committed to optimizing the employee experience for all team members around the globe. Companies with a highly engaged workforce benefit from higher retention, productivity, profits and customer satisfaction.

We built multiple listening posts across the employee journey so that we could hear both positive and constructive feedback directly from employees during their time at onsemi. In 2024, we consistently averaged 90% or higher positive sentiment related to our onboarding experience — a demonstration of our commitment to providing a strong experience from Day One and continuously improving our program based on constructive feedback.

Total Global Workforce (Employees)

2024

2023

2022

Workforce by Region
(Employees & Percentage)

Impacting Our Community Through Giving

We care about how we work, how we impact the environment and how we give back to the customers and communities we serve. We invest in our communities through our Giving Now program, a corporate philanthropy initiative that reflects our values and vision. We believe that the work and giving we do today will make a difference for tomorrow.

Employees wearing shirts with the slogan 'Giving Now' forming heart shape with their hands.

Give to Donate

At onsemi, we are not only innovators of smart technology and green energy — we are also champions of social good. Our expanded 2024 Giving Now program makes it easier and more rewarding for our employees to share their generosity with the world through either monetary donations and/or volunteerism.

Give to Educate

In 2024, onsemi awarded a record-breaking $2 million to 52 organizations that share their vision of empowering students in underserved communities — a 47 percent jump from the previous year. With this cycle’s grant awards, we deepened strategic relationships and expanded our reach to support STEAM education outcomes from elementary-age students to adult learners.

Two young women trying to create something with their hands.

onsemi employees standing by a pile of food they collected to help others.

Give to Help

We stand with our customers and communities in times of crisis and help them recover and restore their lives. In 2024, we matched our employees’ donations of over $40,000 to provide local disaster relief support.

Giving Priority

Committing to a Responsible Business

We are dedicated to engaging our employees, focusing on career development, giving back to our communities, driving diversity, equity and inclusion, and protecting our planet.

Climate Scenario Analysis and Risk Disclosure

Climate-related risks and opportunities have the potential to impact all aspects of our organization. At onsemi, climate-related risks and opportunities are assessed, managed and realized at the highest level of the organization. We place a high priority on mitigation and adaptation strategies for any identified climate-related risks and opportunities. Integration at every level of the company allows us to be well equipped to tackle any challenges that come our way.

Human Rights

Our formalized Human Rights Policy demonstrates our commitment to preserving, protecting and promoting the fundamental rights of others as reflected in the RBA Code of Conduct, Universal Declaration of Human Rights, United Nations (UN) Guiding Principles on Business and Human Rights and UN Global Compact, to which we are a signatory. Our commitment to international human rights standards and local laws is rooted in our core values and reinforced through our Code of Business Conduct and other company policies.

A formally dressed woman sitting by a window, looking into the camera.

Conflict Minerals

As an active member of the Responsible Minerals Initiative, onsemi continually engages in reasonable and responsible due diligence with its key suppliers. We act promptly to review the circumstances and conduct due diligence as soon as we become aware that our supply chain includes non-conformant or high-risk smelters or refiners sourced from Conflict-Affected and High-Risk Areas.

Our Progress

We're proud to share our sustainability strategies and measures and celebrate our achievements.

Previous Reports

Our annual sustainability report is created to transparently communicate our sustainability efforts with our investors, customers, stakeholders and employees, serving as an important tool for disclosing sustainability strategies, measurements, progress and achievements.

Communication on Progress (COP)

Our COP, submitted to the United Nations Global Compact, outlines our alignment with its ten principles, focused on human rights, labor, environment and anti-corruption.

Annual Sustainability Report

Advancing Innovation for a Better, More Sustainable Future

Our Business

Message from Our CEO

Net Zero Commitment

Product Stewardship

Financial Performance

Revenue (Dollars, millions)

Triple-Bottom-Line Revenue (Dollars, millions)

Decarbonization Progress

Progress Towards Near-Term Science-Based Targets

Scope 1 and 2 Near-Term Science-Based Target Progress

Scope 3 Near-Term Science-Based Target Progress

Scope 3 Supplier Engagement Target Progress

Protecting Our Planet and Environment

Energy Consumption and Emissions

Water and Waste Management

Environmental Health and Safety

Energy & Emissions Data

Total Energy Consumption (MWh)

Energy Intensity (MWh per $ Million Revenue USD)

Total Scope 1 GHG Emissions (MTCO2e)

Scope 1 Emissions Intensity (MTCO2e per $ Million Revenue)

Total Scope 2 GHG Emissions (MTCO2e)

Scope 2 Emissions Intensity (MTCO2e per $ Million Revenue)

Total Scope 3 GHG Emissions (MTCO2e)

Scope 3 Emissions Intensity (MTCO2e per $ Million Revenue)

Ensuring Social Responsibility

Our Employees

Inclusion, Belonging and Engagement

Employee Experience

Employee Data

Total Global Workforce (Employees)

Workforce by Region (Employees & Percentage)

Impacting Our Community Through Giving

Give to Donate

Give to Educate

Give to Help

2024 Giving and Community Investments Summary

Giving Priority

Committing to a Responsible Business

Climate Scenario Analysis and Risk Disclosure

Human Rights

Conflict Minerals

Our Progress

Previous Reports

Communication on Progress (COP)

Advancing Innovation for a
Better, More Sustainable Future

Revenue
(Dollars, millions)

Triple-Bottom-Line Revenue
(Dollars, millions)

Total Energy Consumption
(MWh)

Energy Intensity
(MWh per $ Million Revenue USD)

Total Scope 1 GHG Emissions
(MTCO₂e)

Scope 1 Emissions Intensity
(MTCO₂e per $ Million Revenue)

Total Scope 2 GHG Emissions
(MTCO₂e)

Scope 2 Emissions Intensity
(MTCO₂e per $ Million Revenue)

Total Scope 3 GHG Emissions
(MTCO₂e)

Scope 3 Emissions Intensity
(MTCO₂e per $ Million Revenue)

Workforce by Region
(Employees & Percentage)