Showcasing Our Commitment to Sustainable Business and an Equitable, Inclusive Culture
The Internet of Things is transforming industries, growing economies, improving lives, and safeguarding our environment. As an IoT leader, Silicon Labs is proud of the positive impact our products are having on the world, in solutions to manage precious resources like water, improve energy efficiency in homes, cities and buildings, and enable innovative connected health solutions. We are also committed to sustainable and responsible operations, community engagement, and initiatives to foster a diverse, equitable, and inclusive culture.
We made great strides in 2022 and are pleased to share our progress in our expanded corporate sustainability report.
In 2022, we conducted our first materiality assessment, collecting input from our stakeholders to guide the creation of our sustainability strategy and new set of goals. We're committed to transparency as we share our progress and have adopted the Sustainability Accounting Standards Board (“SASB”) disclosure framework and are also releasing our first Task Force on Climate–Related Financial Disclosures, both of which are available in the appendix of this report.
We see an incredible opportunity for IoT technology to deliver on the UN’s Sustainable Development Goals and recognize that change begins at home. In 2022, we became an EPA Green Power Partner solidifying our commitment to reduce emissions and transition to renewable energy. We are on track to reduce our Scope 1 and 2 GHG emissions by 50% at our Austin headquarters by 2025 and transition to 100% renewable energy in our facilities where available. We are also carefully examining the downstream impacts of our products and continue to make improvements in energy efficiency in our own solutions.
Our commitment to sustainable and responsible operations extends throughout our supply chain. In 2022, we joined the Responsible Business Alliance, increasing transparency and collaboration with our suppliers. Together, we're working to improve efficiency and social, ethical, and environmental responsibility throughout our global operations.
We continue to invest in our people and initiatives that foster innovation and inclusion. As we returned to our offices, we offered new flexible work arrangements and increased opportunities for access to training and coaching with the launch of Silabs University. We’re actively building pathways for underrepresented talent and are committed to driving long-term change as we promote diversity in our recruitment, development, and promotion practices. In 2022, we established a DEI Council to direct our efforts, reviewing insights from our annual Inclusion Assessment to guide future action plans.
We made great progress in 2022 to further our sustainability efforts, and believe we have the vision and focus to enable a more sustainable world through our products, operations, and people. In 2023, we are excited to continue our progress on sustainability, including initiatives to advance our environmental and cybersecurity efforts and promote a healthy, inclusive, and engaged culture at work.