Successfully Meets First Milestones on Path to 2030 Corporate Responsibility Vision and Sets Ambitious 2025 Targets
Qualcomm Incorporated released its 2020 Corporate Responsibility Report, reporting on the Company’s environmental, social and governance (ESG) performance in 2020. The report notes the Company has met or exceeded its 2020 goals and unveils 2025 Corporate Responsibility targets which will serve to help drive progress towards the Company’s 2030 vision and continue to advance in key ESG areas, including: diversity and inclusion; purposeful innovation; STEM education; supply chain management, greenhouse gas emissions reduction; and product power efficiency.
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“We have had many successes over the last year despite the unforeseen challenges of 2020. As we continue to work toward our 2030 Vision, I am proud to report we successfully met or exceeded our 2020 corporate responsibility goals,” said Steve Mollenkopf, Chief Executive Officer, Qualcomm Incorporated. “As we look forward, we have established 2025 quantitative targets and are focused on building a more diverse workforce, being a responsible corporate citizen, integrating sustainability into every aspect of our business and using the Company’s breakthrough technologies to transform industries, help build a more resilient economy, and catalyze social change for billions of people across the globe.”
Qualcomm’s corporate responsibility priorities include four areas where the Company believes it can make the greatest impact — Purposeful Innovation, STEM Education, Responsible Business and Our People.
The 2020 Corporate Responsibility Report details the progress made to achieve Qualcomm’s 2020 goals along. Some of the key 2020 highlights include:
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• In line with its commitment to promoting equity across the Company and industry, over the past two years, Qualcomm increased female engineering representation by 17 percent worldwide, and in the United States have increased representation of engineers in racial and ethnic groups historically underrepresented in the technology sector by 12 percent.
• The employee perception of Qualcomm as an inclusive workplace has increased by 10 percent since FY19, as indicated by our diversity survey results.
• Qualcomm Technologies, Inc. launched its Small Business Accelerator program designed to help 33 small businesses participate in the global transition to a mobile-first digital work environment in order to thrive in today’s business climate and be set-up for resiliency and success in the long-term. The program provided Qualcomm Technologies solutions, collaboration tools and technical and integration support so that the selected businesses were able to maintain operations through the ongoing global pandemic.
• Qualcomm’s Wireless Reach programs have benefitted more than 20 million people in 48 countries on five continents, through the application of our technology across education, entrepreneurship, healthcare, public safety, and environmental sustainability.
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• To better address the climate-related risks and opportunities across the Company, in 2020, Qualcomm conducted its first climate scenario analysis and has also included Task Force on Climate-related Financial Disclosures (TCFD) and Sustainability Accounting Standards Board (SASB) indices in the report.
Also included in the report are our 2025 goals, which are steps to the 2030 Vision which is aligned with the United Nations Sustainable Development Goals (UNSDGs).
“In the year ahead, we will start working toward achieving our newly launched 2025 corporate responsibility targets, prioritizing environment, diversity and inclusion, and reporting,” said Akash Palkhiwala, Executive Vice President and Chief Financial Officer, Qualcomm Incorporated. “Among these, we will continue to address and improve our environmental performance through greenhouse gas reduction strategies, reduce power consumption, and work to build a more diverse workforce.”
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