We innovate at the atomic level, yet the solutions we provide contribute to solving global challenges. And as proud as we are to be a leading supplier of ALD semiconductor technology and process solutions, we always think bigger – striving to be a leader in responsible, sustainable business practices. By continuing to strengthen the way we manage our social and environmental performance and non-financial risk, we create value for our customers, our business partners, and our other stakeholders.
ASMI is committed to the vision of ZERO HARM! This means we strive to prevent all injuries to our employees and customer employees, reduce our environmental impact, and make positive contributions to society. We believe that this ambition, and our focus on sustainability, not only creates value for our company, our stakeholders and society, but also strengthens our brand and creates stronger relationships with our customers, employees, and investors. These strengthened relationships further drive our ability for innovation and bolster our product portfolio. We know that doing the right thing is good for society and good for business.
MATERIALITY AND STAKEHOLDER ANALYSIS
To help achieve our Corporate responsibility (CR) ambitions, we have integrated our CR strategy into our overall strategy. We set our own CR strategies and goals, but one aspect of our approach is to improve our stakeholder engagement and feedback to the process. In 2015, we formalized how we engage with our stakeholders and worked on improving our dialogue with them by conducting a stakeholder priority assessment. Using the Global Reporting Initiative’s G4 Sustainability Reporting Framework, we identified the environmental, social, and economic material aspects that have the greatest impact on our business, and generated the greatest level of interest among stakeholders within our value chain. The identified direct and indirect aspects represent opportunities and risks that we consider when developing our strategy, and improve how we identify and prioritize the aspects stakeholders perceive are relevant and important to our business, both financially and non-financially. The assessment identified five key areas that our stakeholders view as having the greatest potential impact on our business:
- ethics and code conformance;
- worker health and safety;
- attracting and retaining talent;
- R&D investment and innovation;
- company financial health.
The stakeholder engagement and materiality process, coupled with regular market research and benchmarking of technology and management practices, enables us to further align our CR objectives with our overall business strategies, and will aid us in preparing to integrate our financial and non-financial reporting. Our goal is to continually improve how we identify stakeholder concerns and priorities, actively engage and partner with them for the design of our future strategies, while being transparent with our performance measurement.
In 2015 we conducted a customer satisfaction survey covering many aspects of our interactions with our customers, including key aspects of corporate responsibility. The results validate actions taken by us in response to what we had learned from previous surveys, and suggest areas where we can further improve.
As part of the semiconductor industry value chain, many of our customers are Electronic Industry Citizenship Coalition (EICC) members. Many of the material issues that impact our business, and which are priorities for our stakeholders, such as labor and human rights, worker health and safety, environmental standards, and ethics, are embedded in the EICC Code of Conduct. We have adopted the EICC Code of Conduct, and in 2015 our global EICC Committee met regularly to ensure we were driving the right programs, systems and culture of EICC code and corporate responsibility compliance.
We conduct an annual self-assessment, which is a standard part of the overall EICC members’ risk assessment process of the electronics industry supply chain. Following strict guidelines for assessment, our results demonstrate that our operations continue to be ‘low-risk’ per EICC and customer criteria. In addition to our annual self-assessment, in 2015 we invited an independent third party to conduct EICC audits of our operations and facilities. The results fully support the self-assessments and our belief that we have strong programs in place to manage compliance with the EICC Code of Conduct.
We believe that tax should follow the business. Hence income is reported in the countries where value is created. We do not use artificial tax structures solely aimed at tax avoidance. Taxes are determined and paid in accordance with all relevant rules and regulations in the countries in which ASMI operates. ASMI aims to follow both the letter as well as the spirit of the law.
ASMI applies the at arm’s length principle to determine transfer prices in accordance with domestic and international rules and standards, such as the OECD (Organization for Economic Cooperation and Development) guidelines for Multinational Companies.
Our disclosures are made in accordance with the relevant local and or international regulations.
ASMI seeks an open and constructive dialogue with the tax authorities in the countries where we operate. Our aim is to disclose all relevant facts and circumstances. We believe that this will enhance certainty on our respective tax position in view of the applicable tax rules and regulations.
While we believe we made solid progress towards achieving our CR ambitions in 2015, we are convinced that there is always more to do. In 2016 we will further improve in the areas of EICC code compliance, our environmental objectives, sustainability in the product life cycle, and workforce diversity. More information on these and other CR topics can be found in our Corporate responsibility report 2015.