NXP Semiconductors N : 2024 Executive Summary
NXPI
2024
Summary:
2024 Corporate
Sustainability Report
Introduction
NXP has been committed to corporate responsibility and sustainability within our organization and throughout our stakeholder community since our founding in 2006. As we continue to evolve our sustainability programs, we're emphasizing two aims: expanding the ways our technologies contribute to a more sustainable world and ensuring our sustainability initiatives are effectively integrated into our business.
In this Executive Summary, we discuss the sustainability progress we've made and our key achievements in 2024. For more detailed information, please read our full 2024 Corporate Sustainability Report.
About NXP
NXP Semiconductors N.V. (NASDAQ: NXPI), headquartered in Eindhoven, the Netherlands, is the trusted partner for innovative solutions in the automotive, industrial and IoT, mobile and communications infrastructure markets. Learn more at our About NXP webpage.
Together, we pioneer solutions.
We anticipate tomorrow's needs - navigating a changing world by bringing together technology's brightest minds. Together we are building a more sustainable future.
Years of
Team
Countries
2024
Patent
Combined
Members
Worldwide
Revenue
Families
Experience
Owned
and Expertise
2
NXP Executive Summary: 2024 Corporate Sustainability Report
"Through
collaboration, innovation and ownership, we will continue to drive meaningful change."
Kurt Sievers
President and CEO,
NXP Semiconductors
At NXP, it's our belief that we can make the future brighter through collaborative innovation. We gain inspiration from the innovative spirit of our team members, our customers and our partners, and we take a collaborative approach to facing global challenges as we strive for a sustainable future.
The global landscape continues to change and pose significant challenges. We view this ongoing evolution as an opportunity, giving us the chance to innovate our business and continue our long-standing track record of developing smarter, more sustainable solutions while anticipating the world's changing needs.
3 NXP Executive Summary: 2024 Corporate Sustainability Report
"As we venture further into a rapidly evolving world, NXP remains committed to shaping a future where people and the planet thrive together."
Jennifer Wuamett
Executive Vice President,
General Counsel,
Corporate Secretary
and Chief Sustainability Officer
NXP Semiconductors
Our sustainability principles guide us toward a brighter future, with transparency and accountability being fundamental to our approach. As our 2024 accomplishments demonstrate, continuous progress is attainable, one step at a time.
Our work is far from over, but I am inspired by our global team members who work every day to enable a smarter, safer and more sustainable world through innovation.
We will continue to take the steps that make meaningful change in our industry.
4 NXP Executive Summary: 2024 Corporate Sustainability Report
2024 Highlights
Environmental
Validated Scope 1, 2 and 3 emission reduction targets with SBTi
39%decrease in Absolute Scope 1 and 2 emissions compared to 2021
Social
Certified as a
Great Place to Work
in 17 countries
90%of team members are proud to work at NXP
Governance
Completed a
Living Wage
gap analysis for all NXP team members
50%of Board directors have sustainability experience
44%
renewable electricity use
Completed Solar
Installations
at 4 sites
55%
water recycled
89%
waste recycled
Expanded targeted
Development Programs
for all team members
Turnover rate remains Below competitive benchmarks
243 engineers Received "My First Patent Awards"
Achieved an all-time low total case Incident Rate (TCIR) of
0.07
100%of
suppliers signed the Supplier Code of Conduct statement
100%certified conflict-free 3TG smelters
Reviewed and updated the NXP
Supplier
Code of
Conduct
96%of team members feel NXP is committed to ethical practices
5 NXP Executive Summary: 2024 Corporate Sustainability Report
Aspirational Goals
Our sustainability aspiration is to enable a better, safer, more secure and more sustainable world through innovation. That aspiration has given rise to a series of global goals that inform our efforts and enable us to gauge our performance, celebrate our accomplishments and address opportunities for improvement. Our aspirations include the following:
Innovation
Environment
Social
Governance
Design and develop
Ensure efficient
Foster an inclusive
Work with our
manufacturing
and responsible use
environment
supply-chain
technologies that
of natural resources1
and improve
partners to
positively impact the
representation
reduce their
planet and society
of women in our
environmental
global workforce
footprint
Develop higher-
reduction
Zero tolerance
Integrate
performing,
of forced labor
sustainability
in Scope 1 and 2
more energy-
and human-rights
into our business
emissions by 2027
efficient products
abuses
strategy
and 55% by 2030;
Carbon neutrality
by 2035
reduction
Zero workplace
injuries
in Scope 3 by 2033
renewable electricity by 20272
wastewater recycled by 2027
waste recycled by 2027
6 NXP Executive Summary: 2024 Corporate Sustainability Report
Progress Toward Our Global Sustainability Aspirations
Aspirational Goals
Progress in 2024
Aspirations
Progress in 2024
Innovation
Design and develop manufacturing technologies that positively impact the planet and society
We improved our product portfolio assessment process to better understand how our products enable sustainable solutions and identified opportunities to maximize positive impact.
Develop higher-performing, more energy-efficient products
We strove to continuously increase the energy efficiency and performance of our products with the goal of reducing our use of raw materials and lowering our greenhouse-gas (GHG) emissions.
Environmental3
Ensure efficient and responsible use of natural resources4
We decreased our absolute Scope 1 and 2 emissions by 39% compared to our baseline year of 2021.
reduction
We decreased our absolute Scope 1 and 2 emissions
by 39% compared to our baseline year of 2021.
in Scope 1 and 2 emissions
by 2027 and 55% by 2030
reduction
We decreased our Scope 3 emissions by 47%
compared to our baseline year of 2022.
in Scope 3 by 2033
renewable
We used 44% renewable electricity, an increase
of 13 percentage points compared to our baseline
electricity by 20275
year of 2021.
waste water
We recycled 55% of wastewater, an increase of
7 percentage points compared to our baseline
recycled by 2027
year of 2021.
waste
We recycled 89% of waste, an increase of 13 percentage
points compared to our baseline year of 2021.
recycled by 2027
7 NXP Executive Summary: 2024 Corporate Sustainability Report
Aspirational Goals
Progress in 2024
Aspirations
Progress in 2024
People
Foster an inclusive environment and improve representation of women in our global workforce
Women made up 36% of our global workforce, the same percentage as 2023.
Zero tolerance of forced labor and human-rights abuses
We updated the NXP Supplier Code of Conduct and Auditable Standards on Social Responsibility to reflect evolving industry and stakeholder expectations and prepare for further regulatory changes.
Zero workplace injuries
We maintained a low Total Case Incident Rate (TCIR)
of 0.07, and remain well below semiconductor-industry
averages.
Governance
Work with our supply-chain partners to reduce their environmental footprint
We continued to survey our top-tier suppliers to gauge their environmental footprints, and include their performance in our supplier rating to derive action plans.
Integrate sustainability
We continued to drive the company-wide Sustainability
into our business strategy
Program involving all functions and with clear roles
and responsibilities, embedding sustainability in all the
relevant areas of our business, including decision making.
8 NXP Executive Summary: 2024 Corporate Sustainability Report
Environmental
Highlights
Climate Change
The semiconductor sector has energy-intensive processes and resource demands. At the same time, the sector, as an enabler of innovation and digital transformation, plays a critical role in addressing climate risks and unlocking solutions for a more sustainable future. Recognizing this, NXP strives to integrate climate considerations into our operations and value chain.
Emissions
Completed Solar
Installations at
4 Sites
NXP has established a well-defined roadmap to reduce emissions across our operations and value chain, ensuring measurable progress toward achieving our climate related aspirations, while supporting global efforts to limit warming to maximum 1.5°C. This roadmap includes both mid- and long-term targets. To achieve our ambitions, we take a variety of approaches to minimize our impact. For example, in 2024, our Nijmegen site introduced an innovative technology that turns perfluorocarbons (PFCs) into different chemicals that can be reused in other manufacturing processes.
SBTi Validation
In 2024, we reached a significant milestone by completing the Science Based Targets initiative (SBTi) validation process. This validation reflect our commitment to climate action. Our validated targets include:
9
NXP Executive Summary: 2024 Corporate Sustainability Report
Energy
44%
Renewable
Electricity Use
We are driving a shift to renewable energy sources. To do this, we are exploring regional opportunities for renewable energy supply, securing power purchase agreements and improving on-site generation efficiency with advanced technologies. To date, we have completed renewable electricity installations at four of our nine manufacturing sites.
Water
We implement projects that collect and recycle water at our manufacturing sites. This reduces the amount of incoming water consumption, reduces our reliance on local water supplies and makes our operations more efficient. We are also committed to returning water to the environment that is as clean as, or cleaner than, what we sourced. The two manufacturing sites in Texas, Austin (ATMC) and Oak Hill, received the city of Austin's 2024 award for Excellence in Wastewater Pretreatment (based on 2023 performance).
2024 Water Recycling
45%
55%
Does Not ContainsSVHCSVHC> 0>.1%0.1%
Non-Recycled Recycled
10
NXP Executive Summary: 2024 Corporate Sustainability Report
Disclaimer
NXP Semiconductors NV published this content on April 15, 2025, and is solely responsible for the information contained herein. Distributed via , unedited and unaltered, on April 15, 2025 at 10:04 UTC.