-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueComing to Terms With AI
In this issue, we examine the profound effect artificial intelligence and machine learning are having on manufacturing and business processes. We follow technology, innovation, and money as automation becomes the new key indicator of growth in our industry.
Box Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Kimball Electronics Publishes Annual Sustainability Disclosures with its 2023 Guiding Principles Report
March 28, 2024 | BUSINESS WIREEstimated reading time: 2 minutes
Kimball Electronics, Inc. published its annual sustainability disclosures in its 2023 Guiding Principles Report, themed “How We Are Winning Together The Kimball Way.” Based on sustainability activities, performance, and results in calendar 2023, the Company assessed its progress on material economic, environmental, and social impacts in accordance with the Global Reporting Initiative (GRI) Index standards, the world’s most widely used sustainability framework.
“This Report reflects sustainability’s deep roots in our Guiding Principles, which have been the decades-long foundation for our reputation as a company that customers depend on for lasting relationships,” said Ric Phillips, CEO, Kimball Electronics.
As part of its continued commitment to the highest level of transparency and to fostering trust, the Company obtained third-party assurance from Keramida, which provides sustainability services worldwide and is one of the few companies in the U.S. certified on the GRI framework.
Added Phillips, “Our Guiding Principles Report helps us communicate, and remain accountable to, how we are focusing our efforts to control our most significant ESG risks and develop our greatest ESG opportunities.”
The Report highlights numerous sustainability-related recognitions and accomplishments from 2023:
- Rated #1 among electronics manufacturers, and #4 among all companies across all industries, for ESG risk based on Morningstar Sustainalytics’ criteria
- A “Prime” rating from ISS ESG, which places the Company among the top 10% in the electronics industry
- $324 million in calendar year 2023 revenue in “low carbon” or “no carbon” products, like climate control and smart energy management; smart meters and industrial controls; and green energy, charging, and storage
- A 36% decrease in scope 1+2 market-based greenhouse gas emissions from the Company’s 2019 baseline year
- A 27% reduction in safety incident rate year over year, with an overall rate remaining well below industry averages
- The establishment of three Employee Resource Groups that offer allyship, mentorship, and sponsorship programs and opportunities for underrepresented groups in the EMS industry, including women, LGBTQIA+ employees, and veterans
- Donations of over $310,000 worth of time and treasure to worthy causes worldwide
“Sustainability is part and parcel of our Guiding Principles. We will continue to embrace sustainable, responsible manufacturing practices for our customers while striving to meet the needs of the present without compromising the needs of future generations,” says Doug Hass, Chief Legal & Compliance Officer and Secretary. “This Report demonstrates our unflinching dedication to our four Guiding Principles pillars: Customers, People, Citizenship, and Profits.”
Suggested Items
Q1 Global Semiconductor Sales Increase 15.2% YoY
05/07/2024 | SIAThe Semiconductor Industry Association (SIA) announced worldwide sales of semiconductors totaled $137.7 billion during the first quarter of 2024, an increase of 15.2% compared to the first quarter of 2023 but 5.7% less than the fourth quarter of 2023.
Micross, Sital Announce Global Manufacturing & Distribution Partnership
05/07/2024 | Micross Components, Inc.Micross Components, Inc., a leading global provider of mission-critical microelectronic components and services for high-reliability aerospace, defense, space and industrial applications, is pleased to announce our exclusive partnership with Sital Technology (sitaltech.com), the leader in MIL-STD-1553 IP cores, specializing in integrated FPGA solutions.
Flex Announces Upcoming Changes to Its Board of Directors
05/07/2024 | FlexFlex announced that consistent with its succession plan, Michael D. Capellas, non-executive Chair of the Board of Directors of Flex, has informed the Board of his decision not to stand for re-election to the Board at the company's 2024 Annual General Meeting of shareholders to be held on August 8, 2024. Mr. Capellas has served on the company's board for 10 years, including as Chair since 2017, during which time he played a key role in building Flex's reputation as a trusted global technology, supply chain and manufacturing solutions partner and driving the company's success.
Real Time with… IPC APEX EXPO 2024: Understanding Objective Evidence in Manufacturing Processes
05/07/2024 | Real Time with...IPC APEX EXPOGraham Naisbitt explains the importance of objective evidence in manufacturing processes, debunking the common misconception that the ROSE test is a cleanliness test. He also discusses the introduction of Rev J, a requirement for measuring ionic contamination on circuit assemblies, and the challenges in accurately measuring contamination. Alternative methods like ion chromatography and the need for updating standards like the ROSE test are mentioned.
Fabrinet Announces Q3 Fiscal Year 2024 Financial Results
05/07/2024 | FabrinetFabrinet, a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its third fiscal quarter ended March 29, 2024.