Teradyne : CSR Report 2024
TER
Corporate Social Responsibility Report
2024
© Teradyne 2024. All rights reserved. Updated 102524
Gregory Smith
President & CEO, Teradyne Inc.
A Message from our CEO
Our company's core values of "Honesty and Integrity, A Company Without Doors, and Customers Count On Us," are the cornerstones of our culture. These core values guide our perspectives, our priorities, and our decisions.
Environmental sustainability is critically important to our customers and to us. Reducing power consumption, conservation of clean water, reducing pollution, and transitioning to sustainable materials are important to the technology industry broadly and to semiconductor manufacturing in particular. Sustainability is key to our collective future and has become increasingly important commercially as our customers work to deliver on their own sustainability targets. Our SoC testers provide customers with the flexibility to scale capacity for different types of semiconductors used for a variety of applications, allowing them to optimize utilization and eliminating the need for excess system purchases. Because the life of a system may be decades, they are also designed to be backward and forward compatible with technology generations, lengthening their useful life, helping to reduce electronic materials waste.
From the cell phone in your hand, the car that you drive to the servers that are the backbone of the internet, it's likely we have tested critical components of the systems that we all rely on daily. Across our test business, we are committed to engineering our solutions with a goal of limiting power consumption, helping our customers achieve their targets.
Our robotics business is headquartered in Odense, Denmark where we are a founding member of the Odense Climate Partnership. This community of companies and organizations is striving to make Odense climate neutral by 2030. Our collaborative robots (cobots) and autonomous mobile robots (AMRs) enable companies and economies to grow despite persistent labor shortages. Importantly, our software driven robots enable industrial workers to transition from dangerous and repetitive tasks to higher value, more fulfilling roles while supporting cleaner and more efficient manufacturing.
Within Teradyne, we are focused on training and skills development for our employees as we make a concerted effort to attract and retain diverse talent. Our Employee Resource Groups help to foster a greater sense of belonging while a considerable portion of charitable giving supports STEM-related education and project-based learning to introduce students of diverse backgrounds to Teradyne.
These are just a few examples of what's in our updated CSR report. Please read on for all the details. We recognize that ESG activities are an integral part of the growth, innovation, and value creation that drives Teradyne, and we appreciate your interest in our efforts.
EXECUTIVE SUMMARY
Teradyne's Commitment to ESG
Teradyne actively works to improve the operating performance of all parts of our company.
We are reducing our impact on the environment, positively contributing to the communities in which we operate, and conducting our business in an honest, ethical manner.
Teradyne and the RBA
Teradyne is an affiliate member of the RBA
Our responsible sourcing program requires our suppliers to adhere to environmental and social responsibility principles and guidelines consistent with those outlined by the Responsible Business Alliance.
Through the RBA Portal, any RBA member can request
a Trading Relationship with Teradyne and access our RBA reports/data directly.
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Executive Summary
About Teradyne
CSR Vision
Stakeholder Engagement
Foundational Framework
Sustainable Environment
Our Solutions
Social Engagement
Ethical Governance
Our Reporting
ENVIRONMENTAL
Teradyne reports green house gas emissions and sets long term environmental targets in accordance with global standards
Environmental Impact Reporting: Teradyne began reporting our emissions to the CDP in 2005 and we adhere to the recommendations and guidelines outlined by the CDP.
Climate Risk/Opportunity Disclosures/Reporting: Teradyne annually assesses climate-related business risks/opportunities. Maps disclosures to SASB, TCFD, and the Global Reporting Initiative Standards.
Sustainability in the Semiconductor Supply Chain: Teradyne is an active member of the SCC and shares the vision to support industry-wide collaboration, Scope 1, 2, and 3 reporting transparency, and setting near and long-term decarbonization targets to reach net zero emissions by 2050.
Targets for Emissions Reduction: Teradyne has submitted a letter of commitment to the SBTi with science-based emissions reduction targets aligned with the SBTi guidelines and methods.
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Executive Summary
About Teradyne
CSR Vision
Stakeholder Engagement
Foundational Framework
Sustainable Environment
Our Solutions
Social Engagement
Ethical Governance
Our Reporting
ENVIRONMENTAL
We Measure & Report our Environmental Impact
MWh Energy
MWh Renewable
Scope 1 & 2 tonnes
Consumed
Energy Generated
CO2
equivalent
75,708
1,054
33,065
Water
Waste
Recycled
Consumed (m^3)
Recycled
(tonnes)
124,322
74%
1,215
2023 Metrics at Our Three Largest Locations
North Reading
Cebu
Costa Rica
Energy Consumed (MWh)
14,145
12,316
4,312
Renewable Energy (MWh)
784
Scope 1 & 2 Co2 equivalent (tonnes)
5,622
11,359
456
Recycled (tonnes)
81.2
110
8.4
See Full Report - Our CDP Submittal
Scope 1
Direct GHG emissions:
3,928 tonnes CO2 equivalent
Scope 2
Energy indirect GHG emissions:
29,601 tonnes CO2 equivalent
Scope 3 (includes 3.1, 3.3, 3.5-3.7)
Other indirect GHG emissions:
267,773 tonnes CO2 equivalent
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Executive Summary
About Teradyne
CSR Vision
Stakeholder Engagement
Foundational Framework
Sustainable Environment
Our Solutions
Social Engagement
Ethical Governance
Our Reporting
ENVIRONMENTAL
We Have Set Clear Targets to Reduce our Impact on the Environment
Environment Critical Few
UN Sustainable Development
Goal
2023 Status
2030 Target
Goal Alignment
Scope 1 and 2 Emissions
Signed zero-emission VPPA to
Scope 1 and 2
offset 40% of TER total emissions;
42% reduction
Reduction
VPPA online beginning 2026
We have submitted our letter of intent
25% reduction
Scope 3
Scope 3 Emissions Reduction
to set SBTi not the actual targets.
Pending review by SBTi
Those are due at the end of 2024
Launched initiative to establish diversion
of operations/facility waste from landfills:
>60% of TER
Solid Waste Landfill
Operations Waste Reduction
reuse/recycle programs and incineration
operations/facilities waste
with
diverted from landfill
heat recovery.
Sustainable Products
Introduce Sustainable
Target introduction of water-based
Elimination of PFAS coolants
Coolants in 2025
coolants in 2025
in next-generation testers
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Executive Summary
About Teradyne
CSR Vision
Stakeholder Engagement
Foundational Framework
Sustainable Environment
Our Solutions
Social Engagement
Ethical Governance
Our Reporting
SOCIAL
We Follow Local and Global Standards Guide our Efforts to Positively Impact the Communities in which we Operate
United Nations Sustainable Development Goals
Teradyne supports the United Nations Sustainable Development Goals (Reference pages 12-13of CSR)
Support Our Employees
Community Support
Our active philanthropy program supports the communities in which we operate
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Executive Summary
About Teradyne
CSR Vision
Stakeholder Engagement
Foundational Framework
Sustainable Environment
Our Solutions
Social Engagement
Ethical Governance
Our Reporting
GOVERNANCE
Teradyne is Committed to Conducting Business with Honesty & Integrity
Operational
Ethical
Business
Compliance
Human
Data Security
Product
Excellence
Governance
Continuity
& Risk
Rights
& Privacy
Security
& Corporate
Policies
Management
Governance
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Executive Summary
About Teradyne
CSR Vision
Stakeholder Engagement
Foundational Framework
Sustainable Environment
Our Solutions
Social Engagement
Ethical Governance
Our Reporting
Teradyne was named one of the
"2023 Top-Rated
ESG Companies"
by Sustainalytics
Teradyne was listed in
"America's Most Responsible Companies 2023"
by Newsweek
Teradyne was noted as a
"2023 VETS Indexes Recognized Employer"
by Vets Indexes
Teradyne was included on
"USA Today's 2023
List of Climate Leaders"
by USA Today
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Executive Summary
About Teradyne
CSR Vision
Stakeholder Engagement
Foundational Framework
Sustainable Environment
Our Solutions
Social Engagement
Ethical Governance
Our Reporting
Disclaimer
Teradyne Inc. published this content on October 25, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 25, 2024 at 17:13:04.693.