STMicroelectronics is one of the world's largest manufacturers of semiconductors, employing over 50,000 staff in 36 countries. The Reassurance Network worked closely with ST's Sustainable Excellence team to develop a corporate responsibility strategy and supporting communications that could be applied throughout the business to create change and promote innovation in CR.
We carried out a detailed review of CR practices, visiting seven major sites to assess areas such as ethical business conduct; employee management; supplier integrity; protection of the environment and community engagement. In these key impact areas we highlighted what we perceived to be the business' strengths and weaknesses, advising them on how to attain international best practice in these areas. As part of this work we also helped develop and implement a new Code of Business Conduct. Many of our conclusions and recommendations were published in the company's annual CR report.
ST has won over 100 awards for its sustainable excellence programme.
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Corporate responsibility presents significant opportunities to seek win-win situations that benefit both business and society. Our philosophy is to help create these opportunities through increased awareness, robust management and effective communications of business impacts.
"It has been a pleasure working with The Reassurance Network. They provided ST with strong support at key stages of the implementation of our CR strategy and gave us objective guidance and expertise that accelerated our evolution."