Texas Instruments reports on 2011 citizenship progress and goals
Report details social, environmental performance, highlights 2011 accomplishments
DALLAS, May 24, 2012 /PRNewswire/ -- Texas Instruments (TI) released its 2011 Corporate Citizenship Report (CCR) today, outlining the company's social responsibility progress and goals for the past calendar year.
Posted on the company's website at www.ti.com/ccr, TI's sixth annual citizenship report meets requirements for the Global Reporting Initiative (GRI) self-assessed Application Level A, one of the top two highest levels rating transparency. GRI is one of the world's most widely used frameworks for sustainability reporting.
"Sustainability is a lasting evolution at Texas Instruments that challenges us to think about what we're doing today and what we want to achieve tomorrow," said Rich Templeton , TI Chairman, President and CEO, in the report's opening letter. "It is a journey that goes beyond our next earnings report and any unforeseen ups and downs year-to-year."
"I have an unshakable belief that the best is yet to come as technology makes a better world – one that is more exciting, more interactive, more connected and more efficient. We commit to doing our part by helping create problem-solving technology while continuing to grow responsibly," he wrote.
The complete report addresses seven key areas:
- Company operations
- Product stewardship
- Environmental responsibility
- Employee well-being
- Community commitment
- Responsible advocacy
- Corporate governance
Highlights of the report include:
- The company developed a new supplier environmental and social responsibility policy that requires critical alignment of our expectations for ethics, labor practices and environmental controls.
- TI implemented 134 energy-efficiency and water conservation projects that saved $8.6 million in utility costs.
- TI recycled 1.5 billion gallons of water and 92 percent of waste.
- TI's Motor Driver Lab was fully staffed to serve as a proving ground for more efficient technology; an estimated 60 percent of the world's electricity is used by motors.
- TI, the TI Foundation and employees contributed $22.2 million to education improvement and local communities. This includes $14.6 million for more effective science and math education to grow the number of students ready to pursue technology careers.
- The TI Foundation and TI employees contributed almost $1 million to disaster relief in Japan.
- The company committed $1 million to expand grants to help raise student success in math and science in new TI communities after the acquisition of National Semiconductor.
- TI was named to CR Magazine's "100 Best Corporate Citizens," Ethisphere Institute's "World's Most Ethical Companies" and Fortune's "Global Most Admired" lists.
"The report highlights the many ways in which TI has worked to improve our operations and local communities through investment and involvement," said Trisha Cunningham , TI's chief citizenship officer. "We have a long history of strong social, ethical and environmental practices. The report is a way we can share our recent performance and plans with our stakeholders."
TI provides updates on new citizenship initiatives and events year round on this Citizenship website (www.ti.com/citizenship) and invites visitors to share feedback through e-mail and social media, such as @AroundTI on Twitter and facebook.com/texasinstruments on Facebook.
About Texas Instruments
Texas Instruments semiconductor innovations help 90,000 customers unlock the possibilities of the world as it could be – smarter, safer, greener, healthier and more fun. Our commitment to building a better future is ingrained in everything we do – from the responsible manufacturing of our semiconductors, to caring for our employees, to giving back inside our communities. This is just the beginning of our story. Learn more at www.ti.com.
All registered trademarks and other trademarks belong to their respective owners.
SOURCE Texas Instruments
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