AMD’s stakeholders include our workforce, customers, stockholders, social investment analysts, our local community, our suppliers, non-government organizations (NGOs) and others. Each group has followed our progress and plans on corporate responsibility over the years, and we use targeted communications to provide them with relevant information in the most efficient and effective way.
Working with Ceres, an award-winning, non-profit group focused on business and sustainability, AMD has established a stakeholder advisory panel consisting of experts from industry partners, advocacy groups and socially responsible investment firms. We typically meet with the panel once to twice a year to share our progress against goals and to gain insight on how we can improve our corporate responsibility strategies, communication and performance.
In November of 2016, we engaged Ceres and a team of external stakeholders to assess AMD’s approach to corporate responsibility and priority issues. This independent group represents a range of constituencies with expertise in environmental, social and governance issues. Through this review process, the Ceres stakeholder team provided extensive feedback to AMD, which was considered in the preparation of our revised materiality report.
“AMD has actively engaged stakeholders in its materiality assessment and is now using the results of the assessment to drive more robust sustainability reporting and goal-setting in key performance areas. Given where AMD sits in the value chain, it is critical that this report reflects its efforts to advance a sustainable global supply chain.”
- Natasha Scotnicki, Senior Program Director, Corporate Program, Ceres
AMD is a long-term top performer in corporate responsibility, often ranked ahead of much larger companies. They serve as an example for mid-cap companies considering the benefits of corporate responsibility programs.
- Timothy Smith, Director of Environmental, Social, and Governance Shareowner Engagement, Walden Asset Management
Multi-Stakeholder Dialogue on Conflict Minerals
AMD has been a leader in bringing together NGOs, companies and socially responsible investors on the serious and complex issue known as “conflict minerals.” We actively participate in the EICC/Global e-Sustainability Initiative (GeSI) Conflict-Free Sourcing Initiative (CFSI) and we are a founder and supporter of the Public-Private Alliance (PPA) for Responsible Minerals Trade. We have also engaged with U.S. State Department on helping the DRC and other governments in the region reduce conflict and improve security. These efforts, combined with tracking materials through our supply chain, are aimed at helping to bring lasting peace and prosperity to this troubled region.
Read more about AMD’s work on the conflict minerals issue
AMD employees are our most important stakeholder group. We know that employees – especially younger employees and job seekers – are increasingly seeking employers with values matching their own. We periodically survey our employees worldwide to understand their overall satisfaction, specifically asking them about their impressions of our corporate responsibility programs. Our last survey was completed in 2015. We invited 100 percent of our employees to participate and 82 percent responded.
In our most employee recent survey 78% of respondents agreed with the statement “I am proud of my company’s involvement in the community and social causes.” The global average from respondents of all companies using this question was 53% and the high performing benchmark (norm) was 73%.
Collaboration: Punching above our weight
AMD drives collaboration and innovation in the technology sector. Acting alone, even companies many times our size can only have limited influence. Meaningful improvement in corporate citizenship requires collaboration on a global scale. Collaboration between industry peers and competitors is difficult to achieve, but when it’s done well, it can be transformative. While we may not be the largest technology firm, our collaborative initiative and leadership helps benefit people and our planet well beyond our own reach.
A few examples of our industry collaboration efforts: