July 10, 2001 – Gevena, Switzerland – STMicroelectronics (ST) has published its fourth corporate environmental report, documenting in precise detail the company’s environmental achievements for the year 2000.
An integral part of the report is ST’s environmental decalogue, which summarizes the company’s main policies and objectives by defining a precise set of quantified, measurable targets to be achieved within a specific time frame.
ST is striving to become carbon dioxide neutral by 2010, one of its most ambitious targets to date. The company believes this goal can be met by decreasing its total energy consumption – defined in the decalogue as a target reduction of at least 5% a year for each million dollars of added value (where added value represents sales revenue minus purchasing costs). This will be achieved by increasing energy efficiency, using more combined heat and power plants and adopting renewable energies where viable.
The creation of carbon sinks through reforestation will help to compensate for those carbon dioxide emissions remaining after all attempts to improve energy efficiency have been implemented.
If the energy conservation program is successfully completed, ST estimates savings of $900 million could be made during the period 1994 to 2010.
According to this year’s report, a number of goals have already been attained during the year 2000. Compared to the company’s 1994 baseline, ST achieved a 29% reduction in electricity consumption (at equal production), a 45% drop in water usage, and a 29% decrease in the emission of greenhouse gases.
“While we believe that every initiative from ST helps, no matter how small, it is only when all companies strive to be environmentally neutral can we hope to make significant progress in reversing the effects of climate change,” said Georges Auguste, ST’s corporate VP and director of total quality and environmental management.