FormFactor was just named by Newsweek magazine as one of America’s Most Responsible Companies for the year 2022.

The selection recognizes superior business performance across three categories: Environment, Social and Corporate Governance. Newsweek’s multi-faceted evaluation considered key performance indicators such as waste, emissions, water and energy use, leadership diversity, transparency and economic performance. The assessment also solicited feedback from 11,000 US residents who considered factors such as “the company supports diversity and is committed to increasing the number of women and ethnic minorities in its workforce” and “the company uses resources responsibly and acts in an environmentally friendly way.”

This is great validation to all of the hard work FormFactor puts into our sustainability strategy. In fact, we have identified nine areas of focus for sustainability strategies based upon the nature of our business and stakeholders. These focus areas are aligned with our core values and help drive our priorities. We believe that this framework positions us for continuous improvement to have an enduring positive impact for all communities.

  • America’s Most Responsible CompaniesSustainable technology – we design products for a positive impact on society and the environment
  • Development and engagement – we provide rewarding employee experiences and growth in all locations
  • Supply chain responsibility – we mitigate the sustainability risks in our extended supply chain
  • Volunteering and youth education – we support youth education and giving back to communities
  • Energy and climate – we value energy efficiency and recognize the importance of addressing climate change
  • Waste and chemicals – we reduce waste and carefully manage our use of hazardous materials
  • Diversity and inclusion – we are committed to gender equality, and the inclusion of individuals from diverse cultures, abilities and backgrounds
  • Labor and human rights – we promote ethical labor practices and human rights, and have zero tolerance for forced labor
  • Health and safety – we provide a safe workplace to ensure the health and well-being of personnel and local communities

As our CEO, Mike Slessor stated:

Our culture is built on a foundation of continuous improvement, and driving FormFactor’s Environment, Social and Corporate Governance performance to a world-class level has become a key focus for all employees and our Board of Directors in recent years.  We are very proud these efforts have resulted in FormFactor being recognized as a leader in corporate responsibility in Newsweek’s evaluation. We are committed to continuously making positive impact by helping the semiconductor industry improve yields and energy efficiency, in order to advance the sustainability of the global electronics supply chain.

You can read more about our sustainability strategy and our disclosures and standards. In addition to an Environment and Social focus, FormFactor’s overall ranking was supported by a high score in Corporate Governance. Among other economic and disclosure dimensions, financial stability and capacity for innovation (measured in R&D investment) were key factors measured.