Chief Sustainability Officer
Stock Exchange and Ticker
T: 858 587 1121
- 3BL Media 100 Best Corporate Citizens
- Newsweek, America’s Most Responsible Companies
- Fast Company, Most Innovative Companies
- Forbes, America’s Best Employers for Diversity
- Forbes, America’s Best-In-State Employers
- Glassdoor, Best Places to Work
- Investor’s Business Daily, Best ESG Companies
- Women Engineer Magazine, Top 50 Employers
- Human Rights Campaign Corporate Equality Index
- Dow Jones Sustainability Index (DJSI), North America
- Sustainalytics – Low Risk (16.6)
- CES, Innovation Awards
Qualcomm Bank Sustainability Report
Evaluation of Qualcomm
Through the products Qualcomm is offering is encouraging a more sustainable future. From 5G networks and drones, to intelligent transportation systems or smart agriculture programs, these are together contributing to smart cities, smart transportation, smart agriculture and so on. However, these also require high energy and water consumption, which Qualcomm did not do a good job including in the report. On the other side they have ambitious goals to achieve net-zero GHG emissions from global operations by 2040 and positive progress can be identified in the report.
In terms of workforce and communities involvement, Qualcomm is failing on recording progress on women and minorities in management positions, however the company is involved with sponsoring education programs for the next generation of engineers through programs like ThinkaBit Lab, or through collaborations like First and Million Girls Moonshot.
Regarding the supply chain, according to the ESG Performance Summary, 100 of Qualcomm’s suppliers have completed completed a Responsible Business Alliance (RBA) Validated Assessment Program (VAP) audit in the last two years, 100% have provided data on greenhouse gas (GHG) emissions and on water use, and 100% have 14001 ISO Certification (environmental and management system).
And lastly, energy, air quality and GHG emissions data have been third-party verified. However, the report as a whole has not been externally assured.
Overall the company is rated a B, based on the lack of environmental goals (only emissions from Scope 1 and 2) and failing to measure progress on a diverse workforce. In terms of products and services they offer, managing supply chains and community involvement, Qualcomm is highly rated and receives a positive outlook.
Qualcomm Bank Company Activity
Qualcomm Inc. is in the business of development and licensing of wireless technology, and designs chips for smartphones. It operates through the following segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). Qualcomm’s IP is licensed by virtually all wireless device makers. The firm is a leader in 5G network technology and the world’s largest chip vendor, supplying nearly every premier handset maker with leading-edge processors. The company’s key patents revolve around CDMA and OFDMA technologies, the backbone of all 3G and 4G networks. The company was incorporated in 1985 and is headquartered in San Diego, California.
Qualcomm Bank Sustainability Activity - As per company declarations
At Qualcomm sustainability is reflected in the products and services the company offers, specifically the wireless technology, in the sustainability goals to achieve net-zero emissions by 2040, to drive a diverse and inclusive workforce and finally in fostering the tech pipeline through its partnership with FIRST. According to President and CEO, Cristiano Amon, “everyone is accountable for corporate responsibility at Qualcomm, from daily operations to our executive leadership and the Board of Directors”.
The company’s approach to corporate sustainability is strengthened by regular third-party materiality assessments that help prioritise corporate responsibility issues, most to the business and stakeholders.
Corporate’s focus areas integrate material priorities such as Purposeful Innovation, Diversity and Inclusion, Ethics and Governance, Sustainable Product Design, Privacy and Security and Public Policy and Regulation.
Certificate & Labels, Standards and Frameworks
- ISO9001 (quality management system)
- ISO45001 (occupational health and safety management system)
- ISO14001 (environmental management system)
- IATF 16949:2016 (automotive quality management system)
- LEED certification (four locations)
Qualcomm Bank in the news: Press Reviews and Social Media
No articles found to contribute to the rating of Qualcomm Sustainability Rating.
Highlights from Qualcomm Bank Sustainability Report
- In 2021 signed a 10-year renewable energy agreement with Shell Energy North America (US) to provide approximately 115,000 megawatt-hours of 100% renewable energy annually, reducing Scope 2 GHG emissions
- Successfully completed the test phase of a Plasma Enhanced Chemical Vapor Deposition (PECVD) chamber clean project to replaces high global warming potential gases used in processes, such as sulfur hexafluoride (SF6) and nitrogen trifluoride (NF3), with a Fluorine-based gas mixture that has a global warming potential of zero, thereby greatly reducing direct Scope 1 GHG emissions. Implementation to follow in all chamber clean processes at German production site by the end of 2022
- Achieved The Climate Registry’s (TCR) Climate Registered™ Platinum status for the annual verified GHG emissions reporting
- Launched Qualcomm’s Accelerate Program and Mentoring Matters Program
Weaknesses and Setbacks
- No targets to manage energy consumption
- Very vagues description on the progress to achieve diversity in the workforce
Targets vs Progress Reported
|By 2025, ensure 100% of the primary semiconductor manufacturing suppliers are audited every 2 years for conformance to the Supplier Code of Conduct||- As of 2021, 78% of primary semiconductor manufacturing suppliers have received audits|
|By 2025, reduce power consumption by 10%, every year in the flagship Snapdragon® Mobile Platform product||- Year over year reduced power consumption by at least 10% in the flagship Snapdragon products, when averaged across all use cases
- Improved modem’s power efficiency by 20% with each iteration, despite the power demanded by the underlying radio technology
|By 2040, reach net-zero global Greenhouse Gas (GHG) emissions for Scopes 1, 2 and 3||- This goal was set in 2021 and progress to be provided in the 2022 report|
|By 2025, reduce absolute Scope 1 and Scope 2 GHG emissions by 30% from global operations compared to a 2014 base year||- Through 2021 reduction in Scope 1 and 2 GHG emissions by approximately 24%|
|By 2030, reduce absolute Scope 3 GHG emissions by 25% from a 2020 base year||- This goal was set in 2021 and progress to be provided in the 2022 report
- In 2021, CO2e, Scope 3 emissions accounted for 4,179,987metric tons
|By 2025 engage 1.5 million students and teachers across the globe in the strategic STEM initiatives: home-grown Qualcomm® Thinkabit Lab™, collaboration with FIRST®, and STEM community partnerships||- In 2021, reached 561,063 students and 12,817 teachers through social investments in the future workforce
- As of 2021, Thinkabit Lab™ program has inspired >85,000 to create >24,000 of their own inventions within a network of 22 Thinkabit Lab collaborators and more than 56 trained educators and instructors in 8 states
- Collaboration with FIRST (For Inspiration and Recognition of Science and Technology) to provide 23,580 students in 13 countries with opportunities to innovate and drive solutions to real world problems
- Collaborative funding model with Million Girls Moonshot where nearly 400,000 students, including >160,000 girls were enrolled in 20,990 after-school STEM programs to the Moonshot curricula
|By 2025 Increase Representation of Women in Leadership by 15%||- In 2021, 29% women on the Board of Directors,
In 2021, in the U.S. 17% in women hold
- management positions and above, while 18% hold technical positions
|By 2025 increase underrepresented minorities (URM) leadership representation by 15% By 2025, Increase overall underrepresented minorities representation by 20%||- The progress is being recorded as a continued focus on talent acquisition, training and development to increase hiring rate for women and URM
- Specifically for 2021, it is mentioned partnerships with 30 different organisations focus on the promotion and hiring of diverse candidates
- Pathways Program,to provide employment opportunities for non-traditional experienced and early career talent
|By 2025, enrich the lives of 27 million people by continuing to bring technology to underserved communities around the world through Qualcomm® Wireless Reach™||- Qualcomm® Wireless Reach™ has impacted more than 24 million people, with over 132 projects across 49 countries|