MagnaChip Semiconductor Corporation.
MX.US | Manufacture of electronic components and boards
MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions. The company operates through two main business groups: the Standard Products Group and the Display Solutions Group. The Standard Products Group offers a broad range of anal...Show More
Better Health for All
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MagnaChip Semiconductor Corporation designs and manufactures analog and mixed-signal semiconductor components, such as power solutions, microcontrollers, and display driver integrated circuits. These products do not have a direct positive or negative impact on health outcomes for users. The company does not offer health-related products or services, nor does it engage in activities such as preventative health, health education, clinical trials, or manage health-related data. Therefore, its business activities are neutral regarding the 'Better Health for All' value. Information related to workplace safety and environmental pollution is not considered under this value.
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Fair Money & Economic Opportunity
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The provided articles do not contain any specific, concrete data points or information relevant to MagnaChip Semiconductor Corporation's performance against the 'Fair Money & Economic Opportunity' ethical value. The articles explicitly state a lack of quantitative data, regulatory actions, certifications, or comparisons to industry benchmarks related to the requested key performance indicators
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,
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. Therefore, no KPIs can be scored.
Fair Pay & Worker Respect
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No evidence available to assess MagnaChip Semiconductor Corporation on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No evidence available to assess MagnaChip Semiconductor Corporation on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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MagnaChip has a Code of Business Conduct and Ethics, last amended in 2023, which applies to all directors, officers, employees, agents, and contractors.
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This includes a comprehensive anti-corruption and anti-bribery policy that addresses the FCPA, requires prior Chief Compliance Officer approval for lobbying activities, and prohibits political contributions without prior approval.
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All employees receive mandatory annual ethics training and monthly ethics alerts.
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The company also maintains a robust whistleblower policy with an anonymous, multi-language reporting system (hotline and website) that protects whistleblower identity and prohibits retaliation.
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Internal audits and investigations are conducted by the Compliance & Internal Audit team, with findings reported to the Audit Committee and Board.
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A structured process is in place for addressing complaints.
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However, the company does not publicly measure the effectiveness of its whistleblower program or detail specific risk assessments for its anti-corruption efforts.
Kind to Animals
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MagnaChip Semiconductor Corporation is listed as having "No Animal Exploitation" by crueltyfreeinvesting.org.
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Given the company's business as a designer and manufacturer of semiconductor solutions, animal testing is not typically relevant to its operations. Therefore, its animal testing policy and volume are considered not applicable.
No War, No Weapons
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No evidence available to assess MagnaChip Semiconductor Corporation on No War, No Weapons.
Planet-Friendly Business
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No scorable evidence was found for any of the Planet-Friendly Business KPIs based on the provided articles and rubric. While some articles contained quantitative data related to GHG emissions, waste diversion, and water withdrawal, the specific figures or associated qualitative criteria did not precisely match the defined thresholds and requirements of the scoring rubric for any KPI. For example, GHG emissions data did not align with both the absolute emission levels and the required annual decline rates for any single tier. Similarly, waste diversion rates lacked explicit mention of associated certifications, and the stated net-zero target year did not directly correspond to any defined tier in the rubric.
Respect for Cultures & Communities
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No specific, quantitative evidence was found in the provided articles for any of the KPIs related to Respect for Cultures & Communities. The articles discuss internal workplace policies
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,
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, human capital management
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, and a general community donation
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without providing data points such as percentages of revenue reinvested, numbers of formal partnerships, incident counts, or protocol implementations relevant to the rubric's criteria.
Safe & Smart Tech
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The provided articles do not contain specific, concrete evidence related to any of the 'Safe & Smart Tech' KPIs. focuses on board governance and business strategy, explicitly stating no information for these metrics
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. details the company's general ethics and compliance program, but lacks specific data points for cybersecurity investment, data breaches, privacy certifications, encryption, AI ethics, or user data controls
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. Information on employee training refers to 'ethics training' for all employees, which is not explicitly 'security and privacy training' as required by the KPI
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. Compliance mentions FCPA, which is an anti-bribery law, not a privacy regulation
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. Therefore, all KPIs are omitted due to a lack of relevant evidence.
Zero Waste & Sustainable Products
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The company achieved an 82.1% waste recycling rate in 2023.
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Hazardous waste generation was reduced from 199 tons in 2023 to 164 tons in 2024.
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This is supported by a 'Green Manufacturing Management Rule' that prohibits environmentally hazardous substances in products, screens incoming chemicals for environmental compliance, and ensures RoHS-3 compliance and halogen-free self-declarations.
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No waste disposal violations were mentioned in the reporting period.
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While waste reduction goals are regularly set and reviewed, specific quantitative targets or metrics for waste streams beyond PVC are not publicly provided.
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