ESG Evalutation Report

ESG Evalutation Report

Overview

Company
SiTime Corporation
CEO
Rajesh Vashist
Total Employees
2,345

Source: Survey response

Female Employees
Not disclosed
Male Employees
Not disclosed
Employee Handbook
Yes

Governance

Mission

Transforming the world of precision timing responsibly — enabling smaller, energy‑efficient, reliable electronics while valuing people, planet, and community.

Materiality and TCFD Alignment

  • Material priorities described as those most important to the environment, customers, and business; reporting informed by SASB (Semiconductor sector guide).
  • Board oversight through the Nominating and Corporate Governance Committee, supported by a cross‑functional sustainability committee reporting regularly to the Board.
  • GHG reporting expanded in 2024 to include all office locations; intent to enhance understanding across Scope 1–3 emissions over time.
  • No explicit TCFD alignment disclosed in the provided materials.

Supply Chain

  • Suppliers must adhere to the Supplier Code of Business Conduct and Ethics; alignment required with the Responsible Business Alliance (RBA) Code of Conduct.
  • Annual conflict minerals due diligence leveraging the Responsible Minerals Initiative (RMI); CMRT available; Form SD – Conflict Minerals Disclosure published.
  • Primary foundry partners include Robert Bosch LLC and Taiwan Semiconductor Manufacturing Company (TSMC); regular engagement and performance reviews.
  • 2024: enhanced third‑party auditing by expanding cybersecurity controls across key suppliers via a Quality Management System Audit Checklist.
  • 2025: in process to expand supplier requirements to include additional sustainability parameters.
  • Structured escalation for non‑compliance and potential termination if corrective actions are not taken.

Environment

SiTime is a fabless semiconductor company; most Scope 1 & 2 emissions arise from office and lab operations. The company emphasizes product energy efficiency, water conservation, waste reduction, and strong EHS management across global operations, with reporting expanded in 2024 to include all office locations.

GHG Emissions (Scope 1 & 2)

~1,100 tCO₂e

FY2024; majority from purchased electricity

Energy Consumption

Renewable: 820 MWh

Non‑Renewable: 2,844 MWh

100% grid‑supplied electricity; FY2024

Water Use

Total: 3,892 m³

Renewable: 3,694 m³ • Non‑Renewable: 198 m³

Global offices; FY2024

Waste (Office‑based)

Non‑hazardous: 156.6 MT

Landfill: 95.4 • Recycle: 32.7 • Compost: 28.5 MT

Hazardous: 0.1 MT (batteries, fluorescent tubes)

Operational initiatives

  • HVAC and Building Management System upgrades; LED lighting; white‑roof design; recycled‑content furniture.
  • Motion‑sensor faucets; recycled water and native landscaping in drought‑impacted regions.
  • Reduced plasticware; office water dispensers saved 30,000+ bottles in 2024.

Product and Safety

SiTime focuses exclusively on Precision Timing with MEMS‑based oscillators, clocks, resonators, and timing software. Products are programmable and deliver higher performance, smaller size, lower power consumption, and greater reliability compared to legacy quartz devices.

  • Smaller form factor uses fewer resources; low operating voltages and on/off clock control reduce system power.
  • High accuracy reference clocks optimize RF interfaces (5G, Wi‑Fi, Bluetooth), reducing active power‑intensive periods; faster GNSS/GPS lock lowers system power.
  • Resilience to shock, vibration, and temperature reduces redundancy needs and field repairs—lowering emissions from service visits.
  • Reliability surpasses quartz by orders of magnitude, increasing MTBF and extending replacement cycles.

Product safety

Specific product safety disclosures are not provided in the materials. Quality and reliability are supported through supplier standards, audits, and a robust Supplier Code of Conduct.

People and Community

Policies and engagement

  • Global Human Rights Policy; prohibition of forced labor, child labor, and human trafficking.
  • Anti‑harassment and non‑discrimination; equal opportunity; freedom of association; fair wages and working hours.
  • Open‑door culture; global all‑hands; virtual/in‑person events; training and comprehensive onboarding.
  • Learning & Development: new LMS; 1,900+ training hours in 2024 (+39% YoY); leadership and culture‑competency programs; embedded 1:1s and succession planning.
  • Wellbeing: 650+ fitness classes (2,500+ workout hours); mental health trainings and monthly resources.
  • Safety: zero high‑consequence injuries; U.S. Recordable Incident Rate (RIR) 0 in 2024 across 376,282 hours worked.

Women-centric policies and outcomes

  • women@SiTime Employee Resource Group meets quarterly with roundtables, guest speakers, and programs for leadership, community, and team building.
  • 25% of U.S. management roles are held by women.
  • Board composition: 25% women; 50% identify as part of an underrepresented group.

Global Workforce (12/31/2024)

395 FTE

46% in R&D; locations across U.S., EMEA, and Asia

U.S. Gender Diversity (2024)

23% Female • 77% Male

U.S. Racial/Ethnic Diversity (2024)

52% Asian • 41% White • 4% Hispanic/Latino • 3% Native Hawaiian/Other Pacific Islander • 1% Two or more

Community engagement (2024)

  • Volunteer Time Off (VTO) launched; over 140 volunteer hours.
  • 50,000+ lbs of food packed; 1,000+ lbs of food donated; 140+ backpacks collected.
  • 500 STEM kits assembled and donated; 400 toys delivered for holidays.
  • Interactive science lessons reaching 20 elementary students.
  • Global health events: StepTember with 193 employees walking 16,879 miles; additional Turkey Day Run challenge.

Overall Summary

SiTime demonstrates strong ESG practices for a fabless semiconductor company. Governance features Board‑level oversight through the NCGC and a cross‑functional sustainability committee. Environmental reporting covers global offices with clear energy, water, waste, and GHG metrics. Products enable energy efficiency, smaller resource footprints, and high reliability. Supply chain standards align with RBA, include conflict minerals due diligence, and leverage enhanced audits. People programs emphasize human rights, inclusion (including a women’s ERG), safety, learning, wellbeing, and active community engagement. Notable gaps include lack of explicit TCFD alignment, limited disclosure on Scope 3, and no specific product‑safety disclosures.

ESG Rating

8 / 10

Rating rationale: Strong governance and supply chain standards, quantified environmental and safety performance, impactful people/community programs; opportunities remain in TCFD alignment, Scope 3 maturity, and explicit product‑safety disclosures.