Our vision to be the leading supplier of embedded control solutions includes a corporate commitment to acting in an ethical and responsible way. Our focus on environmental and social responsibility, transparency and engagement guides our decision-making processes and helps keep us accountable as we continuously improve all aspects of our business.
We are pleased to introduce our 2019 Sustainability Report, detailing our annual environmental and social performance and sharing selected activities that highlight key workplace and community activities. This is the seventh such report that Microchip has published and an ongoing reminder of our commitment to transparency and disclosure.
Our commitment to environmental and social responsibility is based on our Code of Business Conduct and Ethics. A system of corporate governance laws, regulations and policies guides our Board of Directors and top executives and sets the stage for compliance at all levels of the organization.
We are proud members of the UN Global Compact, a voluntary initiative based on CEO commitments of member companies to “align strategies and operations with universal principles on human rights, labor, environment and anti-corruption, and take actions that advance societal goals.” As part of our membership, we publish an annual sustainability report that communicates our progress against those principles. This report describes our accomplishments over the previous calendar year.
Training and education are key elements in making Microchip a great place to work. One important component of our approach is an emphasis on peer learning. In 2019, 1712 managers and employees were involved in delivering practical leadership and technical training to their peers. The opportunity to "share what you know with your co-workers” fosters a sense of pride within our workforce, as well as an expectation for continuous learning.
Our efforts were once again recognized when Microchip was named to Training magazine’s “Top 125” for our employee training programs. We were also recognized by community organizations in Austin, Phoenix, New York, and California’s Bay Area as a top place to work.
We specialize in high-efficiency semiconductor microcontrollers and analog, wireless, security, timing, discrete, and human-interface products. These products are enabling technologies that are vital for allowing our customers to design and manufacture environmentally preferable products.
Microchip’s extremely low-power devices significantly reduce energy consumption and increase battery life in wearables and portables with a limited power source. We provide single-chip monitoring solutions for solar inverters, smart lighting, cloud servers, temperature sensors and energy monitoring for commercial buildings and smart homes.
We see the continued development of high-efficiency products to be central to the future of both our company and the global economy. Microchip innovates with sustainability and energy efficiency in mind. Our focus on research and development provides customers with an outstanding portfolio of environmentally preferable options and makes us a supplier of choice for environmentally conscious customers.
We are committed to being a responsible corporate citizen, acting ethically and transparently in accordance with local, national, international laws and regulations and industry standards. We set minimum compliance expectations for our supply chain partners including working conditions, health and safety, human rights, conflict minerals and the environment.