ON Semiconductor Corporation.
ON.US | Manufacture of electronic components and boards
ON Semiconductor Corporation is a global semiconductor manufacturer. The company designs, develops, manufactures, and markets a broad range of discrete and embedded semiconductor components. Its products include power management, signal management, logic, discrete, and custom devices. These products...Show More
Better Health for All
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ON Semiconductor provides essential components for medical devices, contributing to health outcomes. These include BLDC air pumps, valve drive modules, battery management, and connectivity options like Bluetooth Low Energy and Wi-Fi for ventilators, enhancing functionality and patient monitoring
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. The company offers products for the medical industry such as audiology DSP systems, analog front-end devices for electrochemical sensing
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, and advanced IT-EMCCD image sensors for medical imaging, improving diagnostic capabilities
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. Solutions for medical wearable devices, like the RSL10 Bluetooth® Low Energy device, are optimized for ultra-low power operation for hearing aids and glucose monitors, supporting patient convenience and healthcare access
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. During the COVID-19 crisis, the company matched employee donations to eligible organizations and donated over 10,000 N95 masks to first responders
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. Onsemi also provides comprehensive health benefits to employees, including HSAs and FSAs
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, with 2023 contributions up to $3,850 for individuals and $7,750 for families
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.
Fair Money & Economic Opportunity
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The provided articles discuss onsemi's diversity, equity, and inclusion efforts for its employees, general community investments in educational initiatives and disaster relief, and overall sustainability and ethical practices. In 2023, onsemi's philanthropic contributions totaled approximately $2.686 million
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, with $723,000 in charitable donations
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, $1.497 million in community investments
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, and $466,000 in commercial initiatives
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. onsemi's inclusion in the Dow Jones Sustainability Index and EcoVadis Platinum recognition reflects its commitment to sustainable and ethical practices
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. Achieving an EcoVadis score of 82 out of 100 places onsemi among the top 1% in the electronic components industry
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. However, ON Semiconductor Corporation is a semiconductor manufacturer, not a financial institution. The 'Fair Money & Economic Opportunity' value specifically assesses activities related to lending, insuring, moving, or storing money, and evaluates how financial institutions democratize access to fair financial services. Consequently, none of the provided evidence is relevant to the KPIs under this value, which pertain to financial products, services, and their impact on customer financial well-being.
Fair Pay & Worker Respect
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ON Semiconductor is not party to any collective bargaining agreements.
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In terms of labor violations, a subsidiary faced one workplace safety or health violation in 2024, resulting in a $39,175 penalty.
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The company has not been subject to legal proceedings asserting unfair labor practices.
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ON Semiconductor employs approximately 26,400 full-time employees and offers competitive wages and various employee benefits, including health care.
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The company has a Human Rights Policy and is a member of the Responsible Business Alliance, enforcing policies against slavery and human trafficking and setting minimum age employment standards.
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It also promotes a diverse and inclusive culture with executive pay performance linked to diversity efforts.
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Fair Trade & Ethical Sourcing
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While ON Semiconductor demonstrates a strong commitment to ethical sourcing, particularly concerning conflict minerals, with 100% of its smelters and refiners conformant with the Responsible Minerals Assurance Process (RMAP).
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It has received platinum recognition from EcoVadis
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and inclusion in the North America Dow Jones Sustainability Index,
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the provided articles do not contain the specific quantitative data required to score the individual KPIs in the Fair Trade & Ethical Sourcing rubric. There is no information on the percentage of tier-1 spend covered by fair-trade certifications, audit frequency, number of forced/child labour incidents, traceability coverage, remediation speed, percentage of contracts with ethical clauses, overall share of spend on high-risk materials, or supplier diversity spend.
Honest & Fair Business
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No specific, quantitative data points were found in the provided articles to assess ON Semiconductor Corporation against the defined KPIs for the 'Honest & Fair Business' ethical value. While articles mention a class action lawsuit
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and investigations into alleged securities violations,
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and general recognitions like inclusion in the Dow Jones Sustainability Index
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,
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and being named one of the World's Most Ethical Companies,
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,
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these do not provide the specific numerical scores, fine amounts, percentages, or resolution times required by the rubric's KPIs. The allegations of overstated revenue streams
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and potential securities violations
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are not evidence of regulatory fines or financial restatements, and the recognitions do not provide specific transparency index scores or percentages of third-party verification.
Kind to Animals
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No explicit evidence was found in the provided articles to assess ON Semiconductor Corporation against any of the 'Kind to Animals' KPIs. The articles do not contain specific data points regarding cruelty-free certifications, alternative testing methods, humane certifications for operations, wildlife conservation funding as a percentage of revenue, ethical input substitution, animal welfare supplier audits, cage-free sourcing, animal testing policies or volume, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaborations, or public policy engagement related to animal welfare.
No War, No Weapons
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ON Semiconductor has a Conflict Minerals Policy that requires suppliers to perform due diligence to ensure minerals are sourced from conflict-free areas.
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The company's CSR efforts have also earned a platinum recognition from EcoVadis.
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Planet-Friendly Business
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ON Semiconductor has committed to achieving net-zero emissions by 2040.
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Its near-term Scope 1, 2, and 3 emissions reduction targets have been validated by the Science Based Targets initiative (SBTi), aiming for a 58.8% reduction in Scope 1 and 2, and a 35% reduction in Scope 3 emissions by 2034.
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The company reduced greenhouse gas emissions from 366,000 to 280,000 metric tons CO₂e between 2019 and 2022.
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It maintained a 68% waste recycling rate
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and sourced 42% of its raw materials from recycled content.
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ON Semiconductor aligns its sustainability programs with TCFD recommendations.
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Respect for Cultures & Communities
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ON Semiconductor's Global Giving team provided a grant to the Southern Arizona Science and Engineering Foundation (SARSEF) in 2019 for the Racing the Sun program, which engaged 186 students in creating 20 solar go-karts over nine months.
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This program offers free STEM outreach to under-represented students in Arizona's rural and impoverished communities.
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In 2019, the company awarded over $305,000 in grants to 19 nonprofit organizations globally, supporting sustainability, education, and health services.
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Since 2016, the ON Semiconductor Foundation has funded nearly $5 million for global communities in education, health, disaster relief, and environmental initiatives.
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The company has a grant application process for eligible tax-exempt or equivalent organizations.
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Its Communication on Progress report (April 2019 – April 2020) states a commitment to respecting human rights and local customs, traditions, religions, and priorities.
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It also describes operational-level grievance mechanisms for potentially impacted stakeholders and a process for addressing incidents.
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Additionally, ON Semiconductor has established Affinity Network Groups to foster diversity and inclusion.
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Safe & Smart Tech
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Onsemi reports no material incidents affecting operations as of 2024.
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The company integrates privacy principles throughout its operations and provides mechanisms for users to access, correct, or delete personal data, promoting user control.
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Onsemi ensures compliance with regulations, including UN-R155, for cybersecurity features in its automotive systems by 2024.
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AI deployments focus on safety and efficiency, emphasizing ethical practices to mitigate risks.
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Zero Waste & Sustainable Products
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ON Semiconductor operates an ON Semiconductor Reclamation Center (OSRC)
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which, in 2019, processed approximately 910 tonnes of scrap material and 1.38 tonnes of precious metals from its global manufacturing facilities, recouping over $22 million
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. The company states a commitment to sustainability and promoting circular economy practices
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. However, the provided articles do not contain specific quantitative data points for waste diversion rates, product recyclability, packaging sustainability, recycled content, or waste reduction targets that align with the defined KPIs and their scoring thresholds.