Fair Money & Economic Opportunity

Qorvo, Inc. is a semiconductor company, not a financial institution.

Its core business involves designing and manufacturing RF and power management solutions, not lending, deposit services, or other financial products for consumers. The provided articles focus on Qorvo's product announcements, financial performance, and general ESG initiatives, but contain no data related to financial services, lending practices, or economic opportunity for underserved populations. Therefore, all KPIs under the 'Fair Money & Economic Opportunity' value are scored as 'not applicable' (0), as the company does not operate in the financial sector.

Fair Pay & Worker Respect

Qorvo's CEO to median employee pay ratio was 127:1 in Fiscal 2025, with the CEO earning $13,106,962 and the median employee earning $103,487.

The company's recordable injury rate was 0.40 per 200,000 hours worked in FY25, with a lost time injury rate of 0.28. This is below the semiconductor manufacturing industry average of 1.0. In FY25, Qorvo reported zero non-compliances on labor/human rights issues at its locations. The global voluntary turnover rate for FY25 was 7%, which is below the industry average of 10%. The annual employee engagement survey in FY25 had an 86% response rate, with an overall favorable rating of 79% for engagement index items. Qorvo offers comprehensive medical, dental, and vision plans covering a majority of costs for employees and their families from the date of hire, but the percentage of the workforce covered by employer-funded health insurance is not specified.

Fair Trade & Ethical Sourcing

Strategic suppliers are required to complete RBA Validated Assessment Program (VAP) audits every two years, and third-party audits of the supply chain are conducted every two years.

In FY25, there were zero non-compliances on labor/human rights issues at Qorvo locations. Qorvo prohibits child labor and forced labor in any stage of manufacturing and expects suppliers to follow these principles. Qorvo requires suppliers of products or materials containing 3TG (tin, tungsten, tantalum, gold) to complete the Conflict Minerals Reporting Template (CMRT) twice annually, and the Extended Minerals Reporting Template (EMRT) for cobalt, nickel, and copper. Suppliers are also required to use the Additional Minerals Reporting Template (AMRT) for aluminum when required. Qorvo expects all 3TG and cobalt smelters/refiners to be validated by a recognized third-party audit program. All suppliers are subject to Responsible Business Alliance (RBA) Code of Conduct language in contracts or standard terms and conditions. Qorvo is committed to seeking and sourcing well-qualified diversity suppliers as part of its government subcontracting process, but no specific percentage of procurement budget directed to these suppliers is provided.

No War, No Weapons

Qorvo derives 20% of its revenue from defense, with applications including manned and drone-based airborne radar, space-based radar, SATCOM, electronic warfare (EW), and missile defense systems.

The company holds a Defense Microelectronics Activity (DMEA) Category 1A trusted source certification for package assembly, test, and wafer foundry services.

Planet-Friendly Business

Qorvo reported a global waste diversion rate of 61% in FY24, and 70% in FY22, with 82% in FY23.

In FY24, 48% of energy consumed was derived from renewable sources, with 16% purchased. The company's water withdrawal intensity was 509 m³ per million USD revenue in FY24. Qorvo reported zero environmental compliance violations or spills at its manufacturing and assembly locations in FY23. The company has a TCFD index in its FY23 Sustainability Report, indicating full adoption. However, it has not conducted a formal climate scenario analysis, instead using online tools to investigate impacts related to a 1.5-degree scenario. Two of nine major manufacturing and assembly locations are in extremely high water risk areas, and 10-20% of water is sourced from stressed basins. Qorvo has a 2.5% yearly absolute reduction target for Scope 1 and Scope 2 emissions but does not explicitly state SBTi-validated targets. 75% of outsourced production suppliers have GHG emissions reduction targets. Over twenty-five risk scenarios are completed annually at each major manufacturing site.

Respect for Cultures & Communities

Based on the provided documents, there is insufficient evidence to assess Qorvo's performance regarding respect for cultures and communities. The 2023 Sustainability Report

and other articles , , , , , , , , , , , lack specific data on community engagement, cultural impact assessments, grievance mechanisms, cultural preservation investments, formal partnerships with indigenous or local community groups, revenue reinvested in local community development, cultural appropriation incidents, FPIC participation rates, community governance inclusion, local procurement share, indigenous supplier count, cultural site protection, social license operations, charitable giving to cultural organizations, community fund allocation, language inclusivity, cultural incident response, and cultural training completion. While the company's operations and supply chains span various regions globally, the absence of quantitative or qualitative data prevents a meaningful evaluation. Therefore, a neutral score of 0 is assigned due to the lack of available evidence.

Zero Waste & Sustainable Products

In FY23, Qorvo diverted approximately 82% of its waste from landfills, an increase from 70% in FY22.

The company has a yearly waste reduction target of 2.5% from its FY20 baseline. Hazardous waste was reduced by 48% from FY20. Qorvo reported zero notices of waste disposal violations or spills in FY23. The company implements various waste reduction initiatives, including process improvements, automation, and build-to-order models, which led to diverting 45 tools or over 13,000 pounds of tools from landfills in FY23. For packaging, 32% of packaging material was recycled or composted in FY23. The company conducts annual and periodic waste audits. Qorvo's supplier code of conduct includes waste-related requirements. The company encourages end-users to check local recycling options for products.