Intel Editorial: Closing Out a Decade of Corporate Responsibility Accomplishments & Creating Greater Impact for the Next Decade
14 May 2020 - 11:00PM
Business Wire
Intel Charts a New Course in Shared
Responsibility
The following is an opinion editorial by Suzanne Fallender of
Intel Corporation.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200514005215/en/
In May 2020, Intel launches its 2030
strategy and goals, which call for continued progress in corporate
responsibility for the next decade. (Credit: Intel Corporation)
In light of COVID-19, the need for corporations to take a
collaborative approach to solve the world’s greatest challenges has
never been more apparent. This is especially true for technology
companies as data and information play a crucial role in helping to
track, diagnose and treat this pandemic, and will continue to do so
as we look to get ahead of future global challenges.
More: Intel Launches First Global Challenges, Marks a New
Era of Shared Corporate Responsibility (News Release) | Intel
Launches 2030 Strategy and Goals, Marks Era of Shared Corporate
Responsibility (YouTube Video)
Intel has a long history of integrating corporate responsibility
efforts into our operations, and it’s hard to believe that nearly
10 years have passed since we developed our 2020 corporate
responsibility goals. I am pleased to share that we achieved nearly
all of them. Our latest Corporate Responsibility Report details our
efforts, but there are a few accomplishments I’d like to
highlight:
- Addressing climate change and sustainable water use are
priorities for Intel given the energy and water intensity of
semiconductor manufacturing. The United Nations reports that
climate change is affecting every country on Earth — disrupting
economies and changing weather patterns; and greenhouse gas
emissions are at their highest levels. The UN also reports it is
impacting our water, resulting in unpredictable supply, impaired
quality and depleted sources. Some of the ways we have addressed
climate change are by increasing our use of green power to 71%
globally and reducing our direct carbon emissions by 39% on an
intensity basis from a 2010 baseline. Since 2000, we have reduced
our Scope 1 and 2 emissions 31% on an absolute basis1, even as we
significantly expanded our manufacturing capacity. We also exceeded
our goal to reduce our water use below 2010 levels on an intensity
basis2, achieving a 38% decrease. In partnership with environmental
nonprofit organizations, we restored 1 billion gallons of water to
local watersheds.
- Advancing inclusion is core to our culture and essential
to innovation. A recent Gartner survey found that 85% of diversity
and inclusion leaders cited organizational inclusion as the most
important talent outcome of their efforts, yet only 57% of
organizations are currently using that metric to track progress. We
set ambitious 2020 goals and committed $300 million to accelerate
progress at Intel and across the technology industry. We reached
full representation3 in our U.S. workforce for women and
underrepresented minorities two years ahead of schedule as well as
global gender pay equity. We also met our goal to increase annual
spending with diverse suppliers to $1 billion and reached 5 million
women through our technology empowerment programs.
I am proud of what we accomplished, but the world has changed
significantly since we set the original goals. We need integrated
corporate responsibility strategies in which companies use
collaborative models to drive increased value creation and societal
impact. The current pandemic has brought these new approaches into
sharper focus as the challenges we face are simply too complex to
be solved by any single organization. With this in mind, we
launched an integrated approach to create our 2030 goals and
strategy. In order to drive a companywide mindset for corporate
responsibility, we are leveraging the expertise and skills of many
employees across multiple departments and regions. We also
integrated input from external stakeholders, including our
customers, investors, suppliers and community members, to ensure
partnership and collaboration are at the heart of our work.
The result is Intel’s new RISE strategy and 2030 goals. Through
this strategy, we strive to create a more responsible, inclusive
and sustainable future, enabled through our technology and the
expertise and passion of our employees. We will extend our impact
by partnering with others in the technology industry and beyond,
including government, NGOs and policymakers, to tackle key global
challenges. Our RISE strategy is:
- Lead in advancing safety, wellness and responsible business
practices across our global manufacturing operations, our value
chain and beyond. One of our new goals in this area will scale
our supply chain responsibility programs to 100% of our Tier 1
contracted suppliers and higher-risk Tier 2 suppliers, helping us
to positively impact the lives of more people in the global supply
chain. We will also work across our industry to leverage our
best-known methods from our work on conflict minerals to extend
responsible minerals sourcing across a wider range of materials to
advance respect for human rights.
- Inclusive. Advance diversity and inclusion across our global
workforce and industry, and expand opportunities for others through
technology inclusion and digital readiness initiatives. As we
look to 2030, we will increase women in technical roles to 40% and
double the number of women and underrepresented minorities in
senior leadership. We will also collaborate with our industry to
create and implement a Global Inclusion Index. The Index will
provide common definitions and data to clearly identify root causes
and actions needed to collectively advance progress and build the
future pipeline of talent.
- Sustainable. Be a global leader in sustainability and enable
our customers and others to reduce their environmental impact
through our actions and technology. With our new goals, we
challenge ourselves to achieve net positive water use, 100%
renewable power, zero total waste to landfills and additional
absolute carbon emissions reductions, even as we grow. We will also
launch collaborative initiatives to drive additional carbon
emissions reductions and sustainable chemistry practices across our
industry.
Today marks the beginning of a new era for corporate
responsibility at Intel. We stand ready to work with others on our
key global challenges to revolutionize how technology will improve
health and safety, make technology fully inclusive and expand
digital readiness, and achieve carbon neutral computing. We’ll
drive to even higher levels of integration and collaboration to
build more value for our stakeholders and deliver on our purpose to
create world-changing technology that enriches the lives of every
person on Earth.
I invite you to learn more about our accomplishments and goals,
and how you can join us at intel.com/responsibility.
Suzanne Fallender is director of Corporate Responsibility at
Intel Corporation.
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating
world-changing technology that enables global progress and enriches
lives. Inspired by Moore’s Law, we continuously work to advance the
design and manufacturing of semiconductors to help address our
customers’ greatest challenges. By embedding intelligence in the
cloud, network, edge and every kind of computing device, we unleash
the potential of data to transform business and society for the
better. To learn more about Intel’s innovations, go to
newsroom.intel.com and intel.com.
1 Absolute basis refers to the total amount of emissions being
emitted. 2 Intensity basis refers to a normalized metric that
compares the total emissions target relative to its economic
output. 3 Full representation means that Intel’s workforce now
reflects the percentage of women and URMs available in the U.S.
skilled labor market.
© Intel Corporation. Intel, the Intel logo and other Intel marks
are trademarks of Intel Corporation or its subsidiaries. Other
names and brands may be claimed as the property of others.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200514005215/en/
Patricia Oliverio-Lauderdale 408-653-5478
patricia.oliverio-lauderdale@intel.com
Intel (NASDAQ:INTC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Intel (NASDAQ:INTC)
Historical Stock Chart
From Jul 2023 to Jul 2024