Corporate Social Responsibility
Advancing Society, People and the Planet through Technical Innovation
Teradyne’s test and automation solutions are fundamental to the growth of many industries and have a profound effect on the world around us. We respect this global influence and realize that we have the opportunity, as well as responsibility, to apply technology in ways that advance society.
To achieve our vision, we deploy a framework of ethical, environmentally sustainable and socially responsible practices.
Instilling Confidence and Trust
Long-term relationships matter and a key part of that is trust. We take responsibility for our actions and are committed to conducting business in an honorable manner. High standards of ethical behavior and compliance with regulations are essential to protecting our reputation and the long-term success of our company and our customers.
Corporate Social Responsibility Report
We believe that who we are and how we behave matters. We integrate quality, safety and sustainability into every aspect of our business, with the goal of engineering a better future.
Our Focus Areas and Priorities
Teradyne is a company built on strong principles, personal responsibility and initiative. Our employees take ownership in upholding our values and the company’s reputation.
- Energy and greenhouse gas emissions
- Waste reduction
- Attracting, developing and retaining great talent
- Inclusion and collaboration
- Community engagement
- Workforce diversity
- Human rights
- Responsible sourcing and manufacturing
- Volunteerism and philanthropy
Teradyne is committed to responsibly managing activities that affect the environment. In working towards minimizing our environmental impact, we:
- Comply with environmental regulations and standards
- Support pollution prevention and minimization programs
- Use materials and energy efficiently to conserve natural resources
- Minimize emissions that contribute to climate change
Teradyne complies with all applicable laws and regulations of the countries in which we do business – read our Global Compliance Policy.
Teradyne continually assess the environmental impact of our operations. We focus on reducing consumption of electricity, gas and water; decreasing our greenhouse gas emissions; and exploring sustainability energy opportunities. Read our Climate Change Statement and Environmental Policy Statement, or download a summary of our Carbon Disclosure Project Report.
ISO 14001 Certification
Teradyne’s Environmental and Safety Management System (ESMS) has expanded over the years, enabling us to achieve ISO 14001 certification. ISO 14001 is the international standard for designing and implementing an effective environmental management system. It provides guidelines that organizations can follow, rather than establishing environmental performance requirements.
We are ISO 14001 certified at our U.S. headquarters in North Reading, Massachusetts, as well as our facilities in Heredia, Costa Rica, Kumamoto, Japan and Cebu, Philippines. Our ISO 14001 certification serves as the framework for our sustainability initiatives in other locations as well.
Teradyne considers the environment in in every stage of our products’ lifecycles – from inception to end-of-life. With every new product and upgrade, our engineers look for ways to be more efficient and lower energy consumption, resulting in a reduced environmental impact. Teradyne has a product stewardship program to ensure end-of-life management for our products. We require our customers to comply with applicable laws for end-of-life management of Teradyne systems and/or to contact Teradyne for assistance. Additionally, Teradyne is a member of a number of individual country consortiums that manage products at end-of-life under the EU WEEE Directive.
Working with Our Suppliers
Teradyne realizes that we need to partner with our suppliers in order to ensure adequate environmental protection. As part of this partnership, we engage with suppliers to improve environmental performance and have green procurement initiatives in place. Teradyne also requires all suppliers to adhere to the Responsible Business Alliance Code of Conduct. The RBA Code of Conduct has stringent environmental requirements including: resource reduction, hazardous substances use and disposal, waste, air emissions, energy consumption and greenhouse gas emissions.
Building Strong Communities
Programming robots with local high school students. Walking to combat hunger. Cycling to help cure childhood cancer. Reforesting to reduce mudslides.
These are just a few examples of how Teradyne employees support the communities where we live and work. When it comes to volunteering, we recognize the need to help our neighbors both as individuals and as a company.
Creating a Positive Work Environment
It is a priority for us to ensure that we have a culture at Teradyne in which our most valuable resources – our people – feel inspired, supported, safe and able to achieve their personal best. As such, we adamantly uphold a number of policies to ensure equality, including nondiscrimination and pay equity policies.
We also offer a range of benefits to make our employees’ lives easier, including insurance coverage, flexible hours, profit-sharing, paid parental leave and discounted day care services.
Diversity in the Workplace
Teradyne recognizes the value of a diverse workforce. We prioritize diversity by monitoring diversity statistics, creating Affirmative Action plans for recruiting and hiring candidates from various backgrounds and experiences.
We also host and attend numerous events throughout the year that are aimed at promoting diversity in the workplace.
Environmental Health and Safety
Teradyne is committed to controlling health and safety risks and uses various self-assessment tools to evaluate the status of our Environmental Health and Safety (EHS) programs. We routinely conduct internal compliance audits of our facilities and major operations.
We further ensure that workers are provided with the knowledge to perform their jobs safely. All employees receive basic EHS awareness training. Contractors are also required to complete safety training prior to doing work with Teradyne – read our Employee Health and Safety Policy.
Inspiring the Next Generation of Engineers
We realize that today’s youth is tomorrow’s future. Teradyne invests in the future by advancing educational opportunities for the next generation. We actively support middle and high school STEM education programs, as well as programs that challenge students to develop technical skills.
We appreciate the hard work our employees invest in making the world better. To amplify these efforts, we match the donations our employees receive in charitable fundraising and outreach activities.
Our ability to deliver excellence is based on the ability of our people. That’s why we make sure that we have a highly skilled, professional workforce and a future talent pipeline. We continue to develop our employee base, ensuring we have the right capabilities for our business today and tomorrow.
Teradyne makes an effort to recruit top talent by attending various college fairs and events, hiring internally and offering referral incentives to current employees. To ensure we maintain a strong, competitive workforce, our employees undergo formal performance reviews annually, where the employee and manager have an opportunity to look back on the previous year, review career development plans and create goals for the next year.
Bribery and Corruption
One of Teradyne’s core values is “honest and integrity in all that we do.” This means that, both as a company and as individuals, we take pride in our reputation and doing what is right. Bribery is covered under Teradyne’s employee code of conduct and all employees are required to undertake annual code of conduct training. Upon completion of the training, each employee certifies that he or she understands and agrees to comply with all aspects of the code.
Included in the annual employee training is information on Teradyne’s whistleblower program and anonymous reporting hotline. This hotline allows employees to report any potential violations of the code of conduct, as well as receive consultation on any ethical issues that they might have. Read our Anti-Corruption Policy.
CSR Management Approach
Corporate Social Responsibility is a key part of Teradyne’s success. We have a framework in place to govern the policies, procedures and people responsible for CSR within the company. To learn more about our governance structure and the actions that we take throughout the year to manage our CSR initiatives, please refer to our CSR Management Approach.
Code of Conduct
Teradyne’s Code of Conduct reflects our commitment to honest and ethical business practices. The Code provides standards and behavioral guidelines for all Teradyne employees, officers, directors and others (including contractors, customers and suppliers). Our Code asserts that anyone we do business with is committed to safe working conditions, fair treatment of workers and environmentally safe practices.
We also require employees and suppliers to complete annual Code of Conduct training to ensure understanding and acceptance of responsible business practices.
Freedom of Association
In conformance with local law, Teradyne respects the right of all workers to form and join trade unions to bargain collectively and to engage in peaceful assembly. We also support the right of workers to refrain from such activities. Workers and their representatives are permitted to openly communicate ideas and concerns with management regarding working conditions and business practices without fear of discrimination, reprisal, intimidation or harassment. Read our Labor Policy.
Protecting Human Rights
Teradyne is committed to supporting and enforcing the protection of human rights. Our internal and supplier codes of conduct require the fair treatment of workers and the prevention of any forms of child labor, human trafficking, forced labor, slavery or any other form of non-freely chosen employment.
We work with our suppliers to ensure that they responsibly source materials. A key part of this is recognizing the potential adverse effects of sourcing tin, tungsten, tantalum and gold (3TG) from the conflict regions in Africa. Our suppliers are required to track all 3TG used in their supply chain.
As part of Teradyne’s annual conflict minerals reporting process, we work with our suppliers to identify all smelters and refiners in our supply chain. Teradyne compiles information on all identified entities and verifies that those smelters/refiners do not source from mines that support armed conflict. Teradyne relies on the Responsible Business Alliance/ Responsible Minerals Initiative to audit smelters and refiners. If any suppliers identify smelters/refiners associated with armed conflict in their supply chain, Teradyne will take corrective action with those suppliers to bring them back into RBA/RMI compliance. Teradyne compiles information on all smelters in our supply chain and verifies that those smelters do not source from mines that support armed conflict. For more information, read our Conflict Minerals Policy and our SEC-ABEA Report.
Teradyne is committed to ensuring that our products do not contain Counterfeit Parts.