July, 2009"Building a Better Future," Texas Instruments' third annual corporate citizenship report, is now available online at www.ti.com/csr. The complete Citizenship Report, which details the company's annual social and environmental activities, performance in 2008 and future goals, is a companion to TI's 2008 Annual Report of financial performance. The report underscores TI's continued commitment to corporate citizenship and a better future.
"At Texas Instruments, there are two things that didn't change in 2008: our commitment to corporate citizenship and our passion for building a better future," said Rich Templeton, TI's chairman, president and CEO. "We believe being a good corporate citizen is a competitive advantage --and a sustainable business model."
The importance of transparency
The comprehensive citizenship report, available exclusively online, is used by a variety of stakeholders, including customers, analysts and shareholders, to understand TI's social responsibility and environmental performance, as well as future risks and opportunities.
Readers of the report can learn more about TI's operations globally, the company's citizenship and performance in product development, energy use, human rights and governance, and its goals for the future. They can also follow TI's social and environmental progress through Twitter (TICorpCitizen).
Defining corporate citizenship
Corporate citizenship is defined in the report as "the commitment of each and every TI employee to accountability for the company's social, environmental and economic impact around the world." Citizenship, as outlined in the report, addresses six key areas of operation:
According to Trisha Cunningham, TI's director of worldwide corporate citizenship, the company's commitment to citizenship isn't new but TI has been more transparent about its social responsibility in recent years.
"These values were instilled by TI's founders almost 80 years ago and one of the reasons I believe we're still thriving today," Cunningham said. "The value in reporting on our progress is to maintain our legacy as a responsible company - a supplier of choice among customers and a good citizen and neighbor of choice within the communities where we operate."
Progress in citizenship performance
Some of TI's 2008 citizenship successes highlighted in the report include:
TI's stakeholders can help shape the company's citizenship strategy by reading and sharing thoughts on the report.
"We report our results to show our commitment to doing what's right," Cunningham said. "Texas Instruments values the feedback we receive from our employees, customers, investors and communities as we strive for continuous improvement as a good corporate citizen."
About Texas Instruments
Texas Instruments (NYSE: TXN) helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through design, sales and manufacturing operations in more than 30 countries. For more information, go to www.ti.com.
This release and the 2008 Corporate Citizenship Report include forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.