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NXP Publishes Annual Corporate Sustainability Report

Highlights progress toward environmental, social and governance goals.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

NXP Semiconductors N.V. has published its annual Corporate Sustainability Report (CSR). The report shows the company’s year-on-year progress in reaching its mid-term and long-term ESG goals.

“As a global technology company, we have a special opportunity to pioneer and develop innovative solutions that help shape a more sustainable future,” said Kurt Sievers, president and CEO of NXP. “With the help and ongoing dedication of all our team members, partners and customers, we will continue to hold ourselves accountable and remain focused on achieving our ambitious long-term goals reflected in this report.”

Among NXP’s goals are reducing its carbon footprint by 35% by 2027 and becoming a carbon-neutral company by 2035. In 2023, NXP increased its use of renewable electricity and invested in technology to reduce harmful greenhouse gas (GHG) emissions. The company also began developing an ESG ratings system to qualify NXP products..

“Our sustainability mission, as documented in our annual Corporate Sustainability Report, remains a guiding principle as we continue to drive positive change through innovative solutions while staying true to our core values,” said Jennifer Wuamett, EVP, general counsel, and chief sustainability officer at NXP. 

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