Fair Money & Economic Opportunity

Semtech Corporation is a global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms.

The company's core business does not involve lending, insuring, moving, or storing money for consumers. Therefore, all KPIs related to financial services, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives (in a financial context), data accessibility (for financial data), fair lending compliance, wealth building outcomes (for customers), profit reinvestment (in community finance), financial literacy initiatives, debt burden ratio, geographic inclusion (for financial access points), and product simplicity (for financial products), are not applicable to Semtech's operations.

Fair Pay & Worker Respect

Semtech Corporation reported a CEO total compensation to median employee compensation ratio of 66:1 for 2025.

The company's overall employee rating on Glassdoor is 3.3 out of 5 stars, based on 254 reviews. Employee survey participation in 2022 was 84%, indicating strengths in commitment to core values and pride in products/services. The average employee tenure is eight years. Semtech maintains a zero-tolerance policy for human trafficking and slavery, conducting annual ethical compliance assessments of its suppliers, with all 74 assessments in FY2019 resulting in 'Satisfactory' ratings. Relevant employees are required to complete annual online training on human trafficking and slavery.

Fair Trade & Ethical Sourcing

Semtech conducts supplier evaluation audits annually or biannually, depending on the supplier’s risk profile and previous audit outcomes.

For the period of January 2024 to January 2025, Semtech is not aware of any forced or child labor in its supply chains. The company aims to close corrective action plans within 30-45 days. All suppliers are required to adhere to Semtech's Supplier Code of Conduct, which aligns with the Responsible Business Alliance (RBA) Code of Conduct. More than 100 suppliers participate in conflict minerals due diligence programs, and 100% of the 226 unique smelters and refiners identified by suppliers in 2022 were RMAP Conformant.

Honest & Fair Business

Semtech Corporation has a formal whistleblower protection policy that utilizes an external hotline service (Ethicspoint).

The company also has a strong anti-corruption policy, which includes a zero-tolerance stance on bribery, corruption, extortion, and embezzlement, and emphasizes compliance with the FCPA and similar international laws. However, there is no evidence provided regarding the frequency or effectiveness of training for this policy, nor details on its enforcement or customization for high-risk areas. Additionally, Semtech is currently under investigation for potential securities law violations, and a class-action lawsuit alleges the company issued materially false and/or misleading statements regarding its CopperEdge products.

Kind to Animals

No specific, concrete data points were found in the provided articles that directly align with the quantitative thresholds defined for any of the 'Kind to Animals' KPIs in the rubric. While the company's LoRa devices are used in conservation efforts, such as protecting endangered black rhinos and elephants in national parks and reducing poaching to zero in Mkomazi National Park, this impact does not map to the rubric's quantitative thresholds which are primarily based on percentage of revenue invested in conservation or documented population increases/recovery.

Similarly, while supplier audits for environmental compliance are mentioned, there is no specific percentage for animal welfare compliance.

No War, No Weapons

Semtech re-surveys its supply chain twice a year for human rights due diligence, specifically for conflict minerals from conflict-affected areas, and publishes findings in its annual Conflict Minerals Report.

The company's Supplier Code of Conduct, dated February 20, 2024, is based on the Responsible Business Alliance (RBA) Code of Conduct and references the UN Guiding Principles on Business and Human Rights, but the extent of its implementation across all divisions is not detailed. For the reporting period of January 1 to December 31, 2024, Semtech had reason to believe a portion of conflict minerals used in its products originated from Covered Countries, but found no instances where sourcing directly or indirectly benefited armed groups. 70% of 333 unique smelters and refineries in its supply chain were identified as RMAP Conformant. Semtech actively pursues supplier Conflict Minerals Reporting Template (CMRT) declarations within 15 days of issuing a request, but the evidence does not confirm timely and complete Arms Trade Treaty compliance declarations.

Planet-Friendly Business

In 2023, Semtech reported Scope 1 emissions of 1,725 metric tons CO₂e and Scope 2 emissions of 13,506 metric tons CO₂e.

Additionally, employee commuting emissions were 486 metric tons CO₂e and business trip emissions were 178 metric tons CO₂e. The company plans to collect full Scope 3 data in 2025. For 2023, Semtech sourced 2,337 MWh of renewable electricity out of a total electricity consumption of 11,169 MWh, equating to approximately 20.9% renewable energy. The company's water usage in 2023 was 48,900 m³. With a 2023 revenue of $869.9 million, this translates to approximately 56.2 m³ per $1 million revenue. Total non-hazardous waste was 7 metric tons, hazardous waste was 16 metric tons, and universal waste was 1 metric ton, with no waste diversion rate provided. Semtech has ISO 14001:2018 Environmental Management System certification at three locations (Camarillo, CA; Colorado Springs, CO - Elkton; Colorado Springs, CO - Federal) and complies with various environmental regulations, reporting no major violations. The company's Semtech-owned data centers use 100% renewable energy in 2024, but this is not company-wide. No information is provided on green building certifications for its facilities.

Respect for Cultures & Communities

Semtech has 14 formal partnerships with various organizations, including Grow Billion Trees, Dignity Health's St. John's Hospital, Camarillo Chamber of Commerce, Responsible Business Alliance, MIT, Tec de Monterrey, Canada Learning Code, Rethreaded, The Dusty Yak Foundation, forPEACE, Swarm, and Smart Parks.

The company reinvested over $100,000 from its charity golf tournament in the most recent year, which represents approximately 0.011% of its FY2025 revenue of $909 million. No cultural appropriation incidents have been reported. Semtech provides an Employee Hotline managed by an independent third-party, Ethico, for reporting concerns, and requires its suppliers to provide confidential helplines and online portals for grievances. The average time to resolve customer Failure Analysis (FA) issues is 9.45 days, and customer request turnaround time is 1.92 days. The company supports historical preservation through LoRa-based devices used in museums. Semtech was named Business of the Year in 2016 by the City of Camarillo. The company's charitable giving includes support for organizations like The Asia Foundation and a contribution of more than ~$50,000 to forPEACE over past years, but no specific percentage of revenue is allocated to cultural heritage organizations. No specific percentage of non-core revenue is distributed to community development funds. The company requires employment agreements and health and safety information to be provided in the worker's native language or a language they understand, and grievance channels must be available in local languages.