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SIGN INStakeholder engagement and feedback is a critical part of our sustainability strategy because it helps us inform our processes, culture and expectations.
In 2024, we continued to interact with our internal and external stakeholder groups (see following table) through various activities.
| Stakeholder group | Engagement style | Purpose of engagement | How outcomes are accounted for |
|---|---|---|---|
| Civil Society Organizations / Non-Governmental Organizations | Dialogue, multi-stakeholder projects and conferences. | To align business and civil society's expectations on sustainability due diligence and collaborate to support affected stakeholders. | Update our policies and actions to include best practices that serve affected stakeholders. |
| Customers | Conferences, customer product launches, trade shows and dedicated sustainability- or business-review meetings. Customer-satisfaction survey and review of customer sustainability documentation. | Understand and align with customer expectations. Collaborate to create more sustainable products. | Comply with customer requirements and reduce the need for customer audits through alignment. |
| Governments / Public Sector | Multi-stakeholder projects, meetings and conferences. Industry-association meetings. | Provide business/industry understanding on how relevant regulations will impact NXP and our stakeholders, so we can respond appropriately. | Update reporting and processes to comply with regulatory requirements. |
| Industry Associations | Workgroup and meeting participation or leadership. | Share best practices among peers and stay aligned with industry expectations. | Update NXP's operations and plans with relevant industry codes and standards. |
| Shareholders / Investors | Shareholder meetings, investor calls and conferences. | Align with investor expectations and priorities to add value to their initiatives and NXP activities. | Compile and share feedback with relevant teams when improvements are needed. |
| Suppliers | NXP conducts supplier due-diligence audits, surveys and review meetings. | Increase sustainability impact, including greenhouse-gas (GHG) emissions and performance, by encouraging cooperation throughout the supply chain. | Conduct supplier due-diligence audits, complete corrective action closures and coordinate initiatives. Scope 3 reduction activities. |
| Stakeholder group | Engagement style | Purpose of engagement | How outcomes are accounted for |
|---|---|---|---|
| NXP Team Members | Engage with team members through a variety of tools, including quarterly Pulse meetings, surveys, Employee Resources Groups (ERGs), town hall-style meetings, Innovation Summit and World Tour. | Highlight and celebrate innovation within NXP, gain insights into the priorities, concerns and suggestions of our NXP team members in order to help foster a culture of success and innovation and to be recognized as a good employer and responsible social citizen. | Compile and summarize feedback from team-members for review by leadership. Leadership then chooses adjustments and improvements based on identified needs and priorities. |
| NXP Sustainability Subject Matter Experts (SMEs) | Regular meetings, working groups, surveys and projects. | Utilize the expertise of sustainability practitioners within NXP to improve our overall ESG Program. | Incorporate suggestions from sustainability SMEs as feasible and escalate to Sustainability Management Board as needed. |
The list below gives examples of some of the industry associations and other external stakeholder organizations we engaged with in 2024.
| Organization | Engagement Status |
|---|---|
| European Partnership for Responsible Minerals (EPRM) | Active membership participation |
| European Semiconductor Industry Association (ESIA) | Active membership and governance participation |
| Global Business Initiative (GBI) on Human Rights | Active membership participation |
| Organisation for Economic Co-operation and Development (OECD) | Active participation in the Responsible Business Conduct Group and participant in the Responsible Minerals Implementation Programme Multi-Stakeholder Group |
| Responsible Business Alliance (RBA) | Active membership and governance participation |
| Responsible Labor Initiative (RLI) | Active membership and governance participation |
| Responsible Mineral Initiative (RMI) | Active membership and governance participation |
| Semiconductor Industry Association (SIA) | Active member of several working groups |
| Semiconductor PFAS Consortium | Active member of several working groups |
| International Labour Organization (ILO) | Business consultation partner |
| International Organization for Migration (IOM) | Business consultation partner |
| SEMI Semiconductor Climate Consortium (SEMI SCC) | Active engagement and founding member |
| UN Global Compact (UNGC) | Active member participation |
| Dignity in Work for All (Previously Verité Southeast Asia) | Conducted third-party audits on social responsibility, supported by consultation and collaboration, to review NXP’s Social Responsibility program |
| World Semiconductor Council (WSC) | Active membership and governance participation |
We are here to answer any inquiry regarding our corporate sustainability efforts, including EHS and environmental product compliance.