Intel

RATING

SECTOR

Semiconductors

WEBSITE

CONTACT

Intel Corporation
2200 Mission College Blvd.
Santa Clara, CA 95052
USA
Tel: +1 (408) 765-8080

STOCK EXCHANGE

LISTING

  • EPA’s Green Power Partnership (GPP) program

EMPLOYEES

110,800

CHIEF SUSTAINABILITY OFFICER

Todd Brady

AWARDS

  • American Association of People with Disabilities and Disability:IN. Disability Equality Index (100% score)
  • Bloomberg. Bloomberg Gender-Equality Index CDP.
  • CPA-Zicklin Index of Corporate Political Disclosure and Accountability – Trendsetter Company Corporate Human Rights Benchmark – ICT Manufacturing Top Five Corporate Knights.
  • Global 100 Most Sustainable Corporations Corporate Responsibility magazine.
  • 100 Best Corporate Citizens Diversity Inc.
  • Top 50 Companies for Diversity EcoAct. Sustainability Reporting Performance of the DOW 30 Extel and SRI Connect.
  • Independent Research in Responsible Investment Survey – Top 10 Companies for SRI Communications Ethical Corporation.
  • Responsible Business Awards, winner in Responsible Supply Chain Category Ethisphere Institute.
  • World’s Most Ethical Companies Fast Company.
  • World’s Most Reputable Companies for Corporate Responsibility Forbes.
  • America’s Best Large Employers, Best Employers for Women, and America’s Best Employers for Diversity Fortune.
  • World’s Most Admired Companies – Ranked #1 on Social Responsibility for the Semiconductor Sector Fortune.
  • Fortune Change the World List Fortune and Refinitiv.
  • Change the World Sustainability All Stars Fortune.
  • Fortune Blue Ribbon Companies FTSE Group. FTSE4Good Index Gartner.
  • Supply Chain Top 25 Human Rights Campaign. Corporate Equality Index Interbrand.
  • Best Global Brands ISS.
  • ISS QualityScore – Top scores for social and environmental disclosure JUST Capital and Forbes. JUST 100 Labrador. U.S. Transparency Awards Military Friendly. Military Friendly Companies Minority Engineer.
  • Top 50 Employers MSCI. World ESG Leaders Index NAFE. Top Companies for Executive Women Newsweek.
  • America’s Most Responsible Companies Sustainalytics.
  • Industry Leader rating and member, Global Sustainability Signatories Index U.S. Environmental Protection Agency.
  • Green Power Partner Awards – Award for Sustained Excellence in Green Power Use Wall Street Journal.
  • Management Top 250 Working Mother.
  • 100 Best Companies For Working Moms and Best Companies for Multicultural Women

CONTENT SOURCE

FURTHER READING

Report created by Sagarika Deshmukh 

Intel

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

Intel’s mission is to shape the future of technology to help create a better future for the entire world, by pushing forward in fields like AI, analytics and cloud-to-edge technology. 

The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other. 

  • The CCG segment consists of platforms designed for notebooks, 2-in-1 systems, desktops, tablets, phones, wireless and wired connectivity products, and mobile communication components. 
  • The DCG segment includes workload-optimized platforms and related products designed for enterprise, cloud, and communication infrastructure markets. 
  • The IOTG segment offers compute solutions for targeted verticals and embedded applications for the retail, manufacturing, health care, energy, automotive, and government market segments. 
  • The NSG segment consists of NAND flash memory products primarily used in solid-state drives.
  • The PSG segment contains programmable semiconductors and related products for a broad range of markets, including communications, data center, industrial, military, and automotive. 
  • The All Other segment consists of results from other non-reportable segments and corporate-related charges. 

Company Sustainability Activity

Intel’s goal is to make strategic investments to drive improvements in environmental sustainability, supply chain responsibility, diversity and inclusion, and social impact. Intel’s aim is to integrate corporate responsibility in all aspects of their business in order to meet their sustainability targets. Intel aims to leverage the technology improvements to accelerate improvements across the firm and industry.

Highlights

  • 39% emission reduction reached
  • 71% green power
  • Achieved zero hazardous waste to landfill
  • 1B gallons of water restored
  • Implemented an enhanced green chemistry screening and selection process for 100% of new chemicals and gases
  • 38% water use reduction achieved
  • Achieved a cumulative energy savings of 4 billion kWh from 2012-2020
  • Achieved a 90% non-hazardous waste recycle rate by 2020
  • Achieved 100% global gender pay equity 

Targets

Climate/Energy

  • Achieve 100% renewable energy use across our global manufacturing operations
  • Conserve an additional 4 billion kWh of energy
  • Drive an additional 10% reduction in their absolute Scope 1 and 2 carbon emissions as they grow, informed by climate science
  • Increase product energy efficiency 10x for Intel client and server microprocessors to reduce our Scope 3 emissions

Water

  • Achieve net positive water use—by conserving 60 billion gallons of water and funding external water restoration projects

Zero Waste/Circular Economy

  • Achieve zero total waste to landfill and implement circular economy strategies for 60% of our manufacturing waste streams in partnership with our suppliers

Employee Safety and Wellness

  • Ensure that more than 90% of their employees believe that Intel has a strong safety culture, and 50% participate in our global corporate wellness program

Diversity

  • Intel achieved their  2020 goal to spend $1 billion annually with diverse-owned suppliers, 
  • Intel achieved their goal to reach $200 million in spending on women owned suppliers globally.
  • Their inclusivity of women and people of color  in their workforce increased between 2015 and 2019
  • In 2017, they launched a $4.5 million program with HBCUs aimed at increasing the number of African Americans who pursue electrical engineering, computer engineering, and computer science fields.

Social Impact

  • Intel Involved, Intel’s global corporate volunteer program and since its start in 1995, employees and retirees have logged over 17 million hours of service, including 1.2 million in 2019.
  • The Intel Foundation announced $1.25 million in grants to encourage U.S. middle school girls’ interest in technology, engineering, and computer science through the Intel® She Will Connect initiative.

Progress

Climate/Energy

  • Increased use of renewable energy to 100% in the U.S. and EU, 50% in Israel, and more than 70% globally
  • Saved greater than 4.5Billion kWh of energy
  • 31% reduction in Scope 1 and 2 emissions since 2000

Water

  • Conserved 40 Billion gallons of water, go beyond initial goals to achieve net positive water use by 2030

Zero Waste/Circular Economy

  • Increased non-hazardous waste recycle rate from 25% to 93% and achieved zero hazardous waste to landfill
  • Direct recuse and recover of manufacturing waste increased by 275% since 2015

Certificates

  • 100% manufacturing facilities certified ISO 14001 
  • ISO 45001
  • LEED Gold Certification
  • HRS Equidad MX Certification

UN Sustainable Development Goals

UN SDG Compliance

SDG 3

  • Intel has directly engaged with our suppliers to ensure compliance and build capacity to address risks of forced and bonded labor and other human rights issues.

SDG 5

  • Intel has taken actions to integrate our inclusion expectations into their culture evolution, performance management systems, leadership expectations, and annual bonus metrics. 90% of Intel’s employees are in technical roles, with 25% of Intel’s female employees in technical roles. In addition, 18% of senior leadership roles are held by women and 7% are held by underrepresented minorities.

SDG 6

  • Over the past 10 years, Intel conserved 44 billion gallons of water, enough to sustain over 400,000 U.S. homes for one year. 

SDG 7

  • Intel has achieved a 31% reduction in absolute Scope 1 and 2 emissions since 2000. In that time Intel increased their use of renewable energy to 100% in the U.S. and EU, 50% in Israel, and more than 70% globally, and saved >4.5 billion kWh of energy between 2012-2020.

SDG 8

  • Providing skills-based volunteering opportunities has enabled us to support our employees’ interest in sharing their technical and professional expertise directly with local schools and non-profit organizations, which often cannot afford these types of services.

SDG 13

  • Intel increased non-hazardous waste recycle rate from 25% to 93%, and achieved zero hazardous waste to landfill. Intel’s direct reuse and recovery of manufacturing waste has increased by 275% since 2015.

Secondary SDGs: 9, 10, 12

Evaluation

Intel has been recognized for being a champion of sustainability within their industry. Just in 2019, Intel received numerous awards related to several of the SDG 17 pillars. Additionally, Intel met and even surpassed their 2030 targets.

In addition to holding numerous awards, listings and certificates, Intel has aspired to strive beyond their initial goals. Intel went beyond the aspiration of existing water restoration goals by striving to achieve net positive water use by 2030.

Intel has integrated sustainability into the organization as a whole. This is seen through their compliance with the UN Sustainable Development Goals.

Analyst Outlook: Neutral

Intel has surpassed their targets for 2030. The company is constantly improving their sustainability initiatives.

Key Points

  • Intel has many accomplishments in reducing their environmental impact such as having zero hazardous 
  • Even though they are aiming to emit their Carbon emissions from their factories most of their emissions are generated through their supply chain and released by their consumers usage of their product and Intel hasn’t made much progress in this area
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