Renesas Joins the Responsible Business Alliance to Enhance Supply Chain Sustainability
TOKYO--(BUSINESS WIRE)--Apr 18, 2021--
Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced it has joined the Responsible Business Alliance (RBA), a nonprofit organization founded in 2004 committed to supporting the rights and well-being of workers and communities worldwide affected by global supply chains. By joining the RBA, Renesas will fully support the vision and goals of the RBA to ensure that its manufacturing processes are environmentally responsible and that its workers are treated with respect and dignity.
As a member of the Responsible Business Alliance (RBA), Renesas fully supports the vision and goals of the RBA:
A coalition of companies driving sustainable value for workers, the environment and business throughout the global supply chain.
Members, suppliers and stakeholders collaborate to improve working and environmental conditions and business performance through leading standards and practices.
The RBA provides a Code of Conduct, which is a set of social, environmental and ethical industry standards. The standards set out in the Code of Conduct reference international norms and standards including the Universal Declaration of Human Rights, ILO International Labor Standards, OECD Guidelines for Multinational Enterprises, ISO and SA standards.
“Joining the RBA reinforces Renesas’ commitment to apply the highest level of integrity and ethical governance in every aspect of our business,” said Hidetoshi Shibata, President and CEO at Renesas. “We will conduct our business, both in our own operation and throughout our supply chain, in a manner consistent with the RBA Code of Conduct, in order to achieve a sustainable global supply chain system.”
The Responsible Business Alliance (RBA) is a nonprofit coalition of leading companies dedicated to improving social, environmental and ethical conditions in their global supply chains. The RBA has a Code of Conduct and a range of programs, training and assessment tools to support continual improvement. The organization has a global footprint, with offices in North America, Europe and Asia. The RBA and its Responsible Minerals, Labor and Factory Initiatives have more than 400 members with combined annual revenues of greater than $7.7 trillion, directly employing over 21.5 million people, with products manufactured in more than 120 countries.
About Renesas Electronics Corporation
Renesas Electronics Corporation ( TSE: 6723 ) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.
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Renesas Electronics Corporation
KEYWORD: JAPAN ASIA PACIFIC
INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT SEMICONDUCTOR RETAIL CONSUMER ELECTRONICS TECHNOLOGY HARDWARE
SOURCE: Renesas Electronics Corporation
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PUB: 04/18/2021 10:05 PM/DISC: 04/18/2021 10:05 PM