onsemi (NASDAQ: ON), a leader in smart power and intelligent perception technology, announced that the company was named to Barron’s 100 Most Sustainable Companies in America. Barron’s assesses 1,000 large public companies on 230 environmental, social and governance (ESG) performance indicators, and the top 100 companies are selected for the annual list. Since the selection was first launched in 2018, ON Mei has been on the list for six consecutive years.
On’s inclusion highlights its leadership in managing, executing and disclosing sustainability and ESG goals, which the company describes in its annual sustainability report and its progress. And to establish a standard ESG reporting framework based on the Global Reporting Initiative (GRI), the Sustainable Development Accounting Standards Board (SASB), the Task Force on Climate-Related Financial Disclosures (TCFD) and CDP (formerly the Carbon Disclosure Project), and to complete disclosure efforts to enhance transparency in ESG performance, Stakeholders can compare different indicators.
Kim Luu, Senior Director and Head of Sustainability and ESG at ON, said: “ESG data helps to assess the overall situation of a company and inform investment decisions. ESG analytics is becoming increasingly important in the investment process, and companies should ensure that investors and other stakeholders have access to such data and communicate how to address climate change in the development of business strategies and operations to enhance company value.”
On’s disclosure is open and transparent, and it has received industry-leading high scores from well-known ESG rating firms such as Institutional Shareholders Services(ISS), Morgan Stanley Capital International (MSCI), Sustainalytics, etc. Got the company on the Barron’s list.
Barron’s has partnered with Calvert, a leader in ESG investing, to create a list of the most sustainable companies. Calvert looks at more than 230 ESG performance metrics from seven rating firms, including ISS, MSCI, and Sustainalytics, as well as other data and Calvert’s internal research to select the 1,000 most valuable public companies, Companies are ranked based on their performance across five key factors: shareholders, employees, customers, communities and the planet.