RATING
Outlook
Neutral
SECTOR
Semiconductors
Chief Sustainability Officer
Todd Brady – Vice President, Global Public Affairs & Chief Sustainability Officer at Intel Corporation
Contact Details:
T: N/A
E-mail: N/A
Stock Exchange and Ticker
INTC (NASDAQ)
Website
Contact
T: +1 (408) 765-8080
E.mail: N/A
Listing
- 3BL Media – 100 Best Corporate Citizens
- AISES – Top 50 Workplaces for Indigenous STEM Professionals
- As You Sow – Clean200
- AnitaB.org – America’s Top Corporations for Women Technologists
- Barron’s – #1 Most Sustainable Company
- Corporate Knights – Global 100 Most Sustainable Corporate Citizens
- DisabilityIN – ERG of the Year
- Ethisphere Institute – World’s Most Ethical Companies
- Forbes – World’s Best Employers, America’s Best Employers for Women, America’s Best Employers for Diversity, America’s Best Employers for New Grads, and America’s Best Employers for Veterans
- Fortune – Top 20 Fortune 500 Companies on Diversity and Inclusion
- Gartner – Supply Chain Top 25
- JUST Capital and Forbes – JUST 100
- LATINA Style 50 -Top 50 Best Companies for Latinas to Work in the US
- Minority Engineer – Top 50 Employers
- National Business Inclusion Consortium – Best-of-the-Best Corporations for Inclusion
- Newsweek – America’s Most Responsible Companies
- RepTrak – 2021 Global RepTrak® 100
- Wall Street Journal – Management Top 250
- Women’s Business Enterprise National Council – Top Corporations for Women’s Business Enterprises
- WE Connect International – Top 10 Global Champions for Supplier Diversity Inclusion
- Women Engineer Magazine – Top 50 Employers – Reader’s Choice
- Working Mother – 100 Best Companies for Multicultural Women
Awards
- American Association of People with Disabilities and Disability:IN – Disability Equality Index
- Bloomberg – Bloomberg Gender-Equality Index
- CDP – “A” Water Security Rating, “A” Climate Change Rating, Supplier Engagement Leadership Rating
- Center for Political Accountability – CPA-Zicklin Index of Corporate Political Disclosure and Accountability—Trendsetter Company
- Center for Resource Solutions – Renewable Energy Markets Asia Award
- FTSE Group – FTSE4Good Index
- Dow Jones Sustainability Index – North America Index
- Hispanic Association of Corporate Responsibility – Corporate Inclusion Index 5-Star Rating for Governance
- Human Rights Campaign – Corporate Equality Index
- ISS – 1 rating in both Environment & Social QualityScore
- MSCI – World ESG Leaders Index
- Religious Freedom & Business Foundation – Corporate Religious Equity, Diversity and Inclusion Index
- US Environmental Protection Agency – #3 Ranking on Green Power Partnership National Top 100
Revenue
$79B
Market Capitalisation
$127.84B
Employees
121,100
Content source
Intel Sustainability Report
Evaluation of Intel
In May 2020, Intel laid out its 2030 RISE strategy and goals. This strategy aims to create a responsible, inclusive, and sustainable world through technology and employee collaboration. When we examine the targets it has set in line with this strategy, it is possible to say that especially those that concern the environment are insufficient for the company to be fully sustainable and to minimise the damage it causes to the environment. There are two main reasons for this: the first aims to reduce scope 1 and 2 emissions by only 10%, which has resulted in increased emissions. Secondly, Intel states both its target and its actual consumption for the year with a numerical value rather than a percentage, which makes it more difficult to track consumption over time as a percentage and reduces transparency.
When we consider water consumption, Intel conserved 9.3 billion gallons of water internally and restored 2.3 billion gallons through investments in watershed restoration projects, resulting in 99% of the company´s global freshwater consumption being treated and returned to communities or the environment. The company achieved net positive water in three countries: the US, India, and Costa Rica.
The company has obtained several certifications concerning environmental management, information security, and green buildings. In addition, Intel has been included in many different lists globally and has been awarded many recognitions. Moreover, Intel stands out on the Internet with its mostly positive and innovative tech solutions.
In contrast to the good efforts with regard to water, GHG emissions and sustainable innovation, unfortunately, the rate of women inside Intel workforce is still below 50%.
In conclusion, despite the business’s modest success in reducing emissions, it was given a C grade due to the numerous technological and innovative solutions, certificates, and awards it has received.
Sustainability Scorecard
Intel Company Activity
Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The company was founded by Robert Norton Noyce and Gordon Earle Moore on July 18, 1968, and is headquartered in Santa Clara, CA. The firm operates in 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) (Source: Forbes).
The CCG segment is software-oriented and mobile connectivity oriented, and 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 products designed for the enterprise, cloud, and communication infrastructure market. 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. The PSG segment contains programmable semiconductors and related products for a broad range of markets, including communications, data centers, industrial, military, and automotive.
This broad range of products in the IT sector makes Intel a crucial player in both communications and data management and security worldwide.
Intel Sustainability Activity - As per company declarations
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 its sustainability targets.
Intel aims to leverage technology improvements to accelerate improvements across the firm and industry.
Certificate & Labels, Standards and Frameworks
- ISO 27001
- ISO 14001
- ISO 45001
- NIST 800-30
- HRC Equidae MX Certification
- LEED
- GRI
- SASB
- TCFD
Intel in the news: Press Reviews and Social Media
Intel is one of the 21% of companies in the US that are already reporting on carbon emissions throughout their supply chain (Scope 3 emissions). Intel has committed to some level of corporate social responsibility reporting since the 1990s and has unified its ESG goals around its RISE framework in 2019. To simplify how it communicates its ESG strategic progress, Intel integrated its reporting mechanisms across its annual and quarterly SEC filings in 2021 as well as its corporate social responsibility report.
Intel’s responsible minerals program aims to trace its raw materials to their source through the Responsible Business Alliance (RBA). 98% of the smelters used by Intel were RMI-certified last year. However, keeping up with stakeholder expectations on carbon emissions and responsible minerals is a challenge for the company. Intel’s participation in the RBA enables efficient monitoring and collaboration with industry participants for better ESG due diligence and compliance.
Intel is committed to corporate responsibility and aims to create a more responsible, inclusive, and sustainable world through its 2030 corporate responsibility “RISE” strategy and goals. This includes mitigating risks, reducing costs, building brand value, and identifying new market opportunities to apply its technology to help address complex issues.
Intel has cancelled construction of a $700 million facility in Hillsboro, OR to focus on development of sustainable data center technologies. As part of cost cutting efforts, Intel will conduct data center R&D work in other existing facilities. The lab was to have been completed in late 2023 and was intended for qualifying, testing and enabling Intel’s portfolio of data center products.
Intel has supported system-controlled power states within its chips to reduce energy consumption. Intel and Broadcom are leading the way in evolving the next generation of telecommunications systems, with energy consumption being a key agenda item.
Highlights from Intel Sustainability Report
Achievements
- Achieved net positive water in 3 countries
- 80% green power globally
- 5% total waste to landfill
Weaknesses and Setbacks
- No water storage in some branches
- Global representation of technical women declined from 25.2% in 2020 to 24.3% in 2021
- Increase in scope 1 and 2 emissions
Targets vs Progress Reported
| Target | Results reported |
|---|---|
| Responsible | |
| Ensure that more than 90% of its employees believe that Intel has a strong safety culture and that 50% participate in our global wellness program | - In 2021, 87% of surveyed employees agreed with its “safety is a value” metrics. 27% of global Intel employees participated in wellness programs in 2021 |
| Scale the supplier responsibility programs to ensure respect for human rights across 100% of tier 1 contracted suppliers and higher-risk tier 2 suppliers | - Intel reached 24% completion of its Tier 1 contracted suppliers and remains on track to 100% completion by 2030 |
| Inclusive | |
| Double the number of women and underrepresented minorities in senior leadership roles Exceed 40% representation of women in technical positions Advance accessibility and increase the percentage of employees who self-identify as having a disability to 10% of its workforce Ensure that inclusive leadership practices and accountability are embedded in its culture globally by creating and adopting an inclusive leader certification program |
- Intel surpassed our milestone goal of reaching 1,375 women in leadership roles, ending 2021 with 1,449 women in senior leadership roles. Its US underrepresented minority senior leaders also increased, from 384 to 444. It set a milestone goal to increase the representation of Black/African American employees in senior, director, and executive roles by 10% in the US. Intel exceeded this milestone, increasing representation by 11%. As of December 2021, 3.8% of Intel’s US workforce self-identified as having a disability |
| Increase global annual spending with diverse suppliers by 100% to reach $2 billion in annual spending by 2030 | - In 2021, Intel’s annual spending with diverse suppliers reached $1.4 billion, a 10-fold increase compared to 2015, when Intel launched its diverse supplier program. It has made strong progress toward its 2030 goal and its three milestones focused on women-, minority-, and US-Black-owned suppliers |
| Sustainable | |
| Achieve 100% renewable electricity use across its global manufacturing operations Conserve 4 billion kWh of electricity Drive a 10% reduction in its absolute Scope 1 and 2 GHG emissions as we grow, informed by climate science Increase product energy efficiency by 10x for Intel client and server microprocessors to reduce its Scope 3 emissions |
- In 2021, Intel invested in projects that enabled them to conserve approximately 162 million kWh of electricity. It has conserved a cumulative total of 486 million kWh of electricity since the baseline date. While its absolute Scope 1 and 2 greenhouse gas (GHG) emissions increased 14% from its 2019 baseline, their total GHG emissions (including Scopes 1, 2, and 3) decreased 2% from last year |
| Achieve net positive water use by conserving 60 billion gallons of water and funding external water restoration project | - During 2021, Intel conserved 9.3 billion gallons of water and conserved 16.4 billion gallons cumulatively from the 2020 baseline. Intel projects also restored 2.3 billion gallons of water during 2021 and 3.6 billion gallons cumulatively from the 2020 baseline to its watersheds |
| Achieve zero total waste to landfill and implement circular economy strategies for 60% of Intel’s manufacturing waste streams in partnership with its suppliers | - Intel sent 5% of total waste to landfill and implemented circular strategies for 65% of its manufacturing waste |
| Enabling | |
| Deliver 10 million volunteer hours to improve its local communities, including an increase in skills-based volunteerism | - During 2021, its employees donated 848,000 hours of service in its local communities |
