ESG Evalutation Report
A concise evaluation of disclosed Environmental, Social, and Governance practices using only the provided data.
Overview
Company
SiTime Corporation
CEO
Rajesh Vashist
Total Employees
2345
Female Employees
Not provided
Male Employees
Not provided
Employee Handbook
Yes
Governance
Mission
Transforming the world of precision timing through responsible business practices and innovation that enables energy-efficient, reliable electronics across AI, datacenter, automotive, industrial, consumer, IoT, aerospace, and defense applications.
Materiality and TCFD Alignment
- Material topics are informed by the Sustainability Accounting Standards Board (SASB) Semiconductor sector guide.
- Focus areas include environmental sustainability, supply chain ethics and compliance, human rights, employee wellbeing, and corporate governance.
- Explicit TCFD alignment is not disclosed in the provided data.
Governance Practices
Board consists of 8 members (6 independent). Chairman & CEO: Rajesh Vashist; Lead Independent Director: Raman K. Chitkara. Independent committees: Audit; Compensation & Talent; Nominating & Corporate Governance (oversees sustainability). A cross-functional sustainability committee reports to the NCGC and Board. Robust Code of Conduct with training, speak-up hotline, and no-retaliation policy.
Supply Chain
SiTime maintains high ethical and quality standards across a global, fabless supply chain.
- Supplier Code of Business Conduct and Ethics aligned with the Responsible Business Alliance (RBA) Code.
- Annual conflict minerals due diligence leveraging Responsible Minerals Initiative (RMI); CMRT available; policy to avoid 3TG that finance armed groups.
- Primary foundry partners: Robert Bosch LLC and TSMC—both recognized for corporate responsibility.
- Enhanced auditing in 2024 with expanded cybersecurity controls via a Quality Management System Audit Checklist.
- 2025 plan to expand supplier requirements to include additional sustainability parameters.
- Corrective action and escalation processes; relationships may be terminated if standards are not met.
Environment
As a fabless semiconductor company, SiTime’s direct operational footprint is primarily from offices and labs. The company emphasizes energy efficiency, water conservation, waste reduction, and supplier engagement to improve environmental outcomes.
GHG Emissions (Scope 1 & 2)
~1,100 tCO2e (2024)
Primarily purchased electricity.
Energy Consumption
820 MWh (Renewable)
2,844 MWh (Non-renewable)
Total electricity reported ~3,664 MWh; SASB index cites 13 TJ electricity across offices (2024).
Water Withdrawal
3,694 m³ (Renewable)
198 m³ (Non-renewable)
Total ~3,900 m³ (2024).
Waste (2024)
156.6 MT nonhazardous
0.1 MT hazardous
95.4 MT landfill, 32.7 MT recycle, 28.5 MT compost.
Operational Initiatives
- Expanded environmental reporting to all global office locations in 2024.
- Energy efficiency measures: HVAC and Building Management System upgrades, LED retrofits, recycled-material furnishings, white roof design.
- Water conservation: motion-sensor faucets, recycled water for native landscaping.
- Waste reduction: expanded recycling and composting; reduced plasticware; >30,000 single-use bottles avoided via water dispensers.
Product and Safety
Why the Products Stand Out
- Precision Timing portfolio (MEMS-based oscillators, clocks, resonators, software) with exceptional programmability.
- Smaller form factors use fewer resources than legacy quartz; options for low operating voltage and controllable output clocks reduce power.
- Higher accuracy improves RF interface duty cycling (5G/WiFi/Bluetooth) and faster GNSS/GPS lock times—lowering system energy use.
- Resilience to shock, vibration, and temperature reduces redundancy and field repairs—lowering emissions from service visits.
- Reliability surpasses quartz by orders of magnitude, extending MTBF and replacement cycles.
- Used in sustainability-enabling applications: EVs, smart meters, solar inverters, high-speed electric trains, smart agriculture, remote monitoring, drones, and energy storage.
Workplace Health & Safety
- Environmental, Health and Safety Policy in place; standardized incident reporting and compliance practices.
- 2024: Zero fatalities; no high-consequence, work-related injuries; Recordable Incident Rate (RIR) 0; LTIR 0; NMFR 0.
- 2023 vs 2024 hours worked: 383,796 vs 376,282; RIR improved from 1.04 to 0.
People and Community
Policies and Engagement
- Global Human Rights Policy with prohibitions on forced labor, slavery, child labor, and human trafficking; freedom of association respected.
- Anti-harassment commitment and equal opportunity employment across hiring, advancement, and compensation.
- Regular global all-hands, open-door policy, team events, training, and stakeholder engagement including customers, suppliers, and investors.
- Learning & Development: New LMS (2024); >1,900 hours of training; +39% increase; focus on leadership, technical skills, compliance, and cultural competencies.
- Wellbeing: ~650 fitness classes at Silicon Valley office (>2,500 workout hours); mental health trainings and resources.
- Safety: Zero fatalities and zero high-consequence injuries in 2024; RIR 0.
Women-Centric and DEI Highlights
- women@SiTime ERG met quarterly in 2024 with roundtables and guest speakers to promote leadership, community, and team building.
- 25% of management roles in the U.S. are held by women (2024).
- 2024 U.S. Gender Diversity: 23% female, 77% male.
- 2024 U.S. Racial/Ethnic diversity: 52% Asian; 41% White; 4% Hispanic or Latino; 3% Native Hawaiian or Other Pacific Islander; 1% Two or more races.
- Board diversity: Half of the Board identifies as part of an underrepresented group; a quarter identify as women.
Community Impact
Volunteer Time Off (2024)
140+ hours
Food Packed
50,000+ lbs
Food Donated
1,000+ lbs
STEM Kits
500 kits
Toys Donated
400 toys
Backpacks Donated
140+ backpacks
Overall Summary
The provided data shows strong governance with independent oversight and a dedicated sustainability committee, robust supply chain standards aligned with RBA and RMI, explicit environmental metrics with expanded reporting scope, and products that materially contribute to system-level energy efficiency and reliability. People practices include comprehensive human rights protections, active DEI efforts, significant learning investments, excellent safety performance in 2024 (RIR 0), and measurable community impact. Notable gaps include the absence of explicit TCFD alignment disclosure and missing gender counts in the employee overview data, as well as a non-boolean response for the employee handbook.
ESG Rating
Rating rationale: strong governance, measurable E, best-in-class safety, and meaningful DEI and community initiatives; room to improve on TCFD disclosure and clarity of certain HR data fields.