Nordic Semiconductor ASA
Climate Impact & Sustainability Data (2016, 2022)
Reporting Period: 2016
Environmental Metrics
Total Carbon Emissions:471.9 tons CO2e (Scope 1+2) + 48,811 tons CO2e (Scope 3)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:48,811 tons CO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:1579.9 MWh (Nordic offices)
Water Consumption:2005 m3 (Nordic offices) + 405 m3 (production)
Waste Generated:1.5 tons (EE-waste)
Carbon Intensity:GHG emission per wafer, assembly, and unit produced
ESG Focus Areas
- Human Rights
- Labor Rights
- Environment
- Anti-Corruption
- Health and Safety
- Community Involvement
Environmental Achievements
- Switched to renewable energy certificated electricity for applicable locations
- Reduced GHG emission per wafer and assembly
- 100% of reported smelters in the value chain are CFSI compliant
Social Achievements
- No incidents of Human Rights abuse or Labor violation
- High employee satisfaction with the working environment and working community
- Donated to Save the Children (Norway) to help Syrian children
Governance Achievements
- No incidents of corruption, bribery or unethical business behavior
- Implemented a whistle-blower program
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Closer follow-up of new suppliers and increased knowledge of upstream supply chain
Short-term Goals:
- Reduce GHG emissions related to direct operations
- Increase level of verification in GHG accounting
- Reduce negative stress in the workplace
Environmental Challenges
- Potential consequences of products on the environment
- Risk of limited production capacity due to drought or failure to comply with legislative requirements for subcontractors
- Potential future carbon taxations or legislative requirements impacting manufacturing partners’ production cost or capacity
- Incidents of trafficked and/or forced labor in the electronics industry supply chain
Mitigation Strategies
- Continuous efforts to minimize environmental impact through standards, routines, and investments
- Monitoring subcontractors’ water usage and performing risk analysis
- Monitoring carbon emissions and assessing climate change risks and opportunities
- Requiring all tier 1 subcontractors to follow the EICC Code of Conduct and communicate this to next-tier suppliers
- Supplier audits to review implementation of the EICC Code of Conduct, including conflict mineral reports and Human Rights and Labor performance
- Requiring suppliers to source only from conflict-free smelters
Supply Chain Management
Supplier Audits: 1 audit in 2016
Responsible Procurement
- Requiring all tier 1 subcontractors to follow the EICC Code of Conduct
- Evaluating and choosing suppliers of office material based on their ethical and environmental profile
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Potential future carbon taxations or legislative requirements
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: UN Global Compact, EICC Code of Conduct, GHG Protocol, OECD guidelines, Conflict-Free Sourcing Initiative (CFSI)
Certifications: ISO 14001, OHSAS 18001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Ultra-low power products
Awards & Recognition
- Not disclosed
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:33452.3 tCO2e/year (Scope 1+2+3)
Scope 1 Emissions:0 tCO2e/year
Scope 2 Emissions:226.2 tCO2e/year
Scope 3 Emissions:33231.1 tCO2e/year
Renewable Energy Share:78% (offices)
Total Energy Consumption:5177.03 MWh/year
Water Consumption:Not disclosed
Waste Generated:0.16 tons/year (hazardous waste - Norway only)
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate change
- GHG emissions
- Hazardous substances
- Resource reduction
- Diversity, equity & inclusion
- Human capital development
- Employee Engagement
- Health & Safety
- Responsible supply chain
- Governance
- Risk Management
- Compliance & integrity
- Human rights
- Responsible sourcing of minerals
- Data privacy
- Information security
Environmental Achievements
- Scope 2 emission reduction by 54.7% vs 2021
- Scope 3 emission reduction by 21.5% vs 2021
- 71% of prototyping platforms with recyclable plastic casing
- 6.5% of device containers with recycled plastic
- 77% of all purchased energy for direct operations originated from renewable energy sources
Social Achievements
- 42% increase in new female hires
- 89% employee participation rate in global engagement survey
- DE&I score above market benchmark for the technology sector
- Low employee turnover (6.6%)
- High loyalty scores
Governance Achievements
- Established a Sustainability Committee at the Board level
- Zero environmental compliance incidents
- Zero confirmed incidents of corruption
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions
Medium-term Goals:
- Validate and commit to new climate targets with the SBTi within 2023
- Offset Scope 3 GHG emission intensity to ensure 40% reduction of emission/revenue vs 2020
Short-term Goals:
- Reduce Scope 2 GHG emissions by 50% compared to 2022
- Reduce GHG emissions generated from air travel by 50% compared to 2019
- 40% of device containers with recycled plastic
Environmental Challenges
- Wafer supply shortages limiting delivery capabilities
- Lower demand for proprietary products
- Weaker demand in the cellular IoT market (second half of 2022)
- Generally weak demand in China
- Talent shortage in the market
- Maintaining a good work-life balance for employees while meeting business needs
- Geopolitical risks and trade tensions
- Acute physical events and natural disasters affecting suppliers
- Information security and cyber risks
- Credit risk
- Failure to comply with regulatory requirements
- Product security vulnerabilities
- Product liability
Mitigation Strategies
- Securing additional wafers and pulling in wafers from subsequent quarters
- Investing in testing equipment and component inventory buffers
- Working with customers to align order backlog with delivery capability
- Encouraging tier-1 customers to return to normal purchasing patterns
- Investing in future growth (R&D, new products, expanding wafer supply base)
- Strengthening employer brand and offering competitive benefits
- Implementing flexible working hour policy
- Close dialogue with customers and suppliers
- Maintaining buffer stock of wafers and finished goods
- Second-sourcing strategy
- Insurance against supply disruptions
- Contingency plans
- World-class data protection and regular awareness training
- Disaster recovery plans and backup routines
- Credit monitoring routines
- Security architecture and incident management processes
- Product Security Officer and bug bounty program
- High standards in quality assurance
- Continuous enhancement of compliance system and programs
Supply Chain Management
Supplier Audits: Annual evaluations of manufacturing suppliers using RBA’s risk assessment model
Responsible Procurement
- RBA Code of Conduct
- ISO 14001 certification for manufacturing partners
- Hazardous Substances Specification for Suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events (tropical cyclones, flooding) affecting suppliers in Southeast Asia
Transition Risks
- Regulatory changes (ESG reporting, carbon taxes)
- Technological shifts
Opportunities
- Development of energy-efficient products
- Growth in market segments demanding low-carbon footprint products
Reporting Standards
Frameworks Used: GRI, TCFD
Certifications: ISO 14001, ISO 45001, ISO 27001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 9 (Industry, innovation, and infrastructure)
- Goal 13 (Climate action)
Products and services contribute to energy efficiency, resource optimization, and climate change mitigation
Sustainable Products & Innovation
- Energy-efficient products
- Cloud services enabling remote industrial control
Awards & Recognition
- A rating from CDP for environmental reporting
- A rating in Position Green’s 2022 “ESG 100” report
- Low ESG Risk Rating from Sustainalytics
- Nasdaq ESG Transparency Partner
- Constituent of the STOXX Global ESG Leaders Index