Climate Change Data

Monolithic Power Systems

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:29,402 MTCO2e
Scope 1 Emissions:3,835 MTCO2e
Scope 2 Emissions:25,567 MTCO2e
Renewable Energy Share:100% (US in 2023)
Total Energy Consumption:51,344 MWh
Water Consumption:82 Megaliters
Waste Generated:565 tons
Carbon Intensity:16.4 MTCO2e/million dollars revenue (2022)

ESG Focus Areas

  • Climate Change
  • Environmental Management
  • Greening Operations
  • Supply Chains
  • Diversity and Inclusion
  • Employee Well-being
  • Corporate Governance
  • Ethical Behavior
  • Stakeholder Engagement

Environmental Achievements

  • Reduced GHG emissions intensity by 23% compared to 2021.
  • Generated 579 MWh of onsite solar power, saving 137 MTCO2e.
  • Recycled 86% of global waste (565 metric tons), with 1/3 of hazardous waste recycled.
  • Achieved 100% renewable electricity for US operations in 2023.

Social Achievements

  • 41% female global workforce.
  • 90% employee retention rate in 2022.
  • 94% of employees feel valued and respected (Pulse survey).
  • Launched a new learning management system (Cornerstone).
  • Provided unconscious bias training to 84% of US managers.
  • $5.6 million donated to the MPS Foundation in 2022.

Governance Achievements

  • Established an ESG Steering Committee.
  • Linked environmental risks and opportunities to management compensation.
  • No reports of concern received through the Whistleblower Hotline in 2022.
  • Implemented robust cybersecurity safeguards.
  • Completed a data privacy gap analysis.

Climate Goals & Targets

Medium-term Goals:
  • Reduce absolute GHG emissions by 40% by 2030 (vs. 2022 baseline).
Short-term Goals:
  • Reduce GHG emissions by 25% by 2026 (vs. 2022 baseline).
  • Achieve 75% renewable electricity by 2026.

Environmental Challenges

  • Potential for extreme weather events to damage facilities and disrupt operations.
  • Supply chain disruptions due to climate events.
  • Growing energy use due to business expansion.
Mitigation Strategies
  • Developed a business continuity plan.
  • Diversified operations geographically.
  • Implemented a global green procurement strategy.
  • Increased energy efficiency of manufacturing systems and buildings.
  • Increased procurement of renewable energy.

Supply Chain Management

Supplier Audits: Annual RBA audits; Quality Assurance audits of key manufacturing suppliers

Responsible Procurement
  • Supplier Code of Conduct
  • RBA standards
  • ISO 9001, 14001, 45001, IATF 16949 compliance
  • 100% RMI conformant smelters

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (droughts, heatwaves, wildfires, flooding, hurricanes)
Transition Risks
  • Supply chain disruptions
  • Regulatory changes
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GHG Protocol, SASB, TCFD, RBA

Certifications: ISO 14001, ISO 45001, ISO 9001

Third-party Assurance: Third-party expert (Assurance Statement in Appendix 1)

Sustainable Products & Innovation

  • Energy-efficient power management solutions for various applications (data centers, electric vehicles, etc.)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:27141 tCO2e/year (Market-based)
Scope 1 Emissions:2794 tCO2e/year
Scope 2 Emissions:24347 tCO2e/year (Market-based)
Renewable Energy Share:20% of total energy use
Total Energy Consumption:57223 MWh/year
Water Consumption:103 Megaliters/year
Waste Generated:738 tons/year
Carbon Intensity:14.9 MTCO2e/Million $ Revenue (2023)

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Corporate Governance
  • Supply Chain Ethics
  • Employee Well-being

Environmental Achievements

  • Reduced Scope 1 and 2 GHG emissions by 8% compared to 2022.
  • Increased renewable electricity use to 20% in 2023 from 2% in 2022.
  • Reduced overall Scope 1 GHG emissions by 27%.
  • Reduced emissions from refrigerants by 21%.
  • Reduced stationary emissions by 77%.

Social Achievements

  • Launched a new learning management system (Cornerstone) in 2022, resulting in 16,138 training hours completed globally in 2023.
  • 97% of US-based managers completed unconscious bias training.
  • 100% of managers globally completed sexual harassment awareness training.
  • 100% of Chengdu staff completed RBA code of conduct training.
  • Maintained 89% employee retention rate in 2023.

Governance Achievements

  • Established an ESG Steering Committee to oversee ESG initiatives.
  • Tied environmental-related risks and opportunities to management compensation.
  • Received no reports of concern from the Whistleblower Hotline in 2023.
  • Implemented robust data privacy policies aligned with GDPR and CCPA.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce absolute GHG emissions (Scope 1 and 2) by 40% by 2030 (from 2022 baseline).
  • Achieve 75% renewable electricity by 2026.
Short-term Goals:
  • Reduce GHG emissions by 25% by 2026 (from 2022 baseline).
  • Recycle 80% of hazardous waste by 2026.

Environmental Challenges

  • Supply chain disruptions due to extreme weather events impacting third-party manufacturing partners.
  • Water scarcity risks in China and Spain.
  • Increased energy use due to business growth and more complex product testing.
Mitigation Strategies
  • Diversifying operations outside of China to mitigate risks.
  • Implementing water conservation plans in various facilities.
  • Identifying energy efficiency opportunities and developing implementation strategies.
  • Developing a resilient supply chain strategy.

Supply Chain Management

Supplier Audits: Bi-annual RBA audits; annual Supplier Code of Conduct review.

Responsible Procurement
  • RBA Code of Conduct
  • Supplier Code of Conduct
  • ISO 9001, ISO 14001, and IATF 16949 compliance requirements for key suppliers.
  • 100% of smelters used are RMI conformant.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme heat events
  • Droughts
  • Water scarcity
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products for customers' sustainability goals.
  • Supporting sustainable infrastructures (renewable energy, electric transportation, data centers).

Reporting Standards

Frameworks Used: GHG Protocol, ISO 14064-1:2018, ISO 14064-3:2019, RBA Code of Conduct, Responsible Minerals Initiative (RMI) standards, OECD Due Diligence Guidance

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 27001, ISO 26262, IATF 16949

Third-party Assurance: UL Solutions (Limited assurance)

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation, and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

MPS's energy-efficient products and commitment to renewable energy contribute to these goals.

Sustainable Products & Innovation

  • Energy-efficient power management solutions for various applications (electric vehicles, renewable energy, data centers).