[March 13, 2017] |
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ON Semiconductor Named One of the 2017 World's Most Ethical Companies by Ethisphere Institute
ON (News - Alert) Semiconductor Corporation (Nasdaq: ON),
driving energy efficient innovations, today announced it has been named
a 2017
World's Most Ethical Company® by the Ethisphere
Institute, a global leader in defining and advancing the standards of
ethical business practices. This designation recognizes organizations
that align principle with action by working tirelessly to make integrity
part of their corporate DNA. These efforts shape future industry
standards by introducing tomorrow's best practices today.
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http://www.businesswire.com/news/home/20170313005349/en/
"As the landscape of the semiconductor industry remains fluid and
continuously consolidating, the ability to consistently demonstrate
ethical operations and culture remains critical to business operations,"
said Keith Jackson, ON Semiconductor president and chief executive
officer. "The key factor to outpacing competitors is to stay true to a
foundation built on integrity and accountability. Leveraging our ethical
practices is one of our biggest differentiators. I want to personally
thank all of our employees for their dedication to maintaining a strong
corporate culture of compliance and ethics and for embedding ethical
standards in every aspect of their jobs."
"I am proud of our achievements as a two-time designee of this honor,"
said Sonny Cave, ON Semiconductor executive vice president, general
counsel, chief compliance and ethics officer, chief risk officer and
corporate secretary. "This is a testament to the strength of our core
values and steadfast dedication to our ethical foundation. Employees,
customers and suppliers have seen the evidence of our actions, which
continually reinforce the fact that they are doing business with a
company that has high standards and a culture of compliance."
ON Semiconductor is one of only six companies being honored in the
Electronics and Semiconductors category, highlighting its leadership
among global companies in ethical business standards and practices. ON
Semiconductor attributes this prestigious recognition to its
longstanding and active pursuit of the total alignment of all business
objectives with exercising the utmost care and commitment to ethical
stewardship across the entire organization of more than 30,000 employees
in 31 countries. Starting with the CEO and the chief compliance and
ethics officer, spanning to the executive leadership team and to every
employee, the principles of compliance, ethics and corporate social
responsibility are modeled from the top and instilled in each employee,
in accordance with ON Semiconductor's core values of respect, integrity
and initiative. A strong foundation in compliance and ethics stemming
from the company's Board of Directors that is echoed throuhout an
organization results in trust from customers and partners, who count on
the company to be honest and equitable, regardless of macroeconomic
factors.
"Being recognized as a World's Most Ethical Company is important not
only to ON Semiconductor's employees and our corporate culture, but to
our customers and suppliers as well," said Paul Rolls, executive vice
president global sales and marketing. "Awards such as this one further
strengthen our company's brand and reputation, which further validates
our customers' decision to do business with us. As a World's Most
Ethical Company, we have a business advantage over others in our
industry."
Methodology and Scoring
The World's Most Ethical Company assessment is based upon the Ethisphere
Institute's Ethics
Quotient® (EQ) framework which offers a quantitative way
to assess a company's performance in an objective, consistent and
standardized way. The information collected provides a comprehensive
sampling of definitive criteria of core competencies, rather than all
aspects of corporate governance, risk, sustainability, compliance and
ethics.
Scores are generated in five key categories: ethics and compliance
program (35%), corporate citizenship and responsibility (20%), culture
of ethics (20%), governance (15%) and leadership, innovation and
reputation (10%) and provided to all companies who participate in the
process.
ON Semiconductor is also a full member, active participant and
benchmarking leader of the Electronics Industry Citizens Coalition.
Honorees
The full list of the 2017 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.
Best practices and insights from the 2017 honorees will be released in a
series of infographics and research throughout the year (view
or download the 2016 insights). Organizations interested in how they
compare to the World's Most Ethical Companies are invited to participate
in the Ethics
Quotient.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining
and advancing the standards of ethical business practices that fuel
corporate character, marketplace trust and business success. Ethisphere
has deep expertise in measuring and defining core ethics standards using
data-driven insights that help companies enhance corporate character.
Ethisphere honors superior achievement through its World's Most Ethical
Companies recognition program, provides a community of industry experts
with the Business Ethics Leadership Alliance (BELA) and showcases trends
and best practices in ethics with the publication of Ethisphere Magazine.
More information about Ethisphere can be found at: http://ethisphere.com.
About ON Semiconductor
ON Semiconductor (Nasdaq: ON) is driving energy efficient innovations,
empowering customers to reduce global energy use. The company is a
leading supplier of semiconductor-based solutions, offering a
comprehensive portfolio of energy efficient power management, analog,
sensors, logic, timing, connectivity, discrete, SoC and custom devices.
The company's products help engineers solve their unique design
challenges in automotive,
communications, computing, consumer, industrial, medical, aerospace and
defense applications. ON Semiconductor operates a responsive,
reliable, world-class supply chain and quality program, a robust
compliance and ethics program, and a network of manufacturing
facilities, sales offices and design centers in key markets throughout
North America, Europe and the Asia Pacific regions. For more
information, visit http://www.onsemi.com.
ON Semiconductor and the ON Semiconductor logo are registered
trademarks of Semiconductor Components Industries, LLC. All other brand
and product names appearing in this document are registered trademarks
or trademarks of their respective holders. Although the company
references its website in this news release, information on the website
is not to be incorporated herein.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170313005349/en/
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