Broadcom is headquartered in the United States and traces its history back to 1961. The company designs, develops and supplies a range of semiconductor and infrastructure software solutions. The company has design and software development locations in the United States, Asia and Europe.
The company supports technical skills training for students from low-income communities in its home market, the United States. Broadcom also donates computer equipment to schools and after-school programmes.
Broadcom shows some support for open innovation by sharing source code and supports the start-up ecosystem through both venture capital investments and its TIPProgram Innovation Playground. The company also demonstrates diverse and inclusive innovation by disclosing the number of women it employs in R&D roles and the locations of its research and development facilities.
No evidence was found that the company supports universal access to digital technologies. Broadcom should disclose the number of employees with disabilities, and how the economic value it generates is distributed among its stakeholders.
The company could provide more details on its programme teaching advanced digital skills, such as disclosing the resources it provides and reporting whether it has commissioned a third-party assessment. Broadcom has an opportunity to support the teaching of intermediate digital skills.
While some information is provided, Broadcom should disclose more information about senior-level oversight for cybersecurity, and how it monitors and responds to security incidents. It should also report on data breaches, aligning with international reporting standards. The company could demonstrate support for child online protection through a high-level statement.
Broadcom has an opportunity to demonstrate high-level support for open innovation including disclosure of the number of women employees in technical and engineering roles and how it applies ethical research and development.
Core social indicators
The core social indicators assess societal expectations of business conduct that companies should meet if they aspire to be part of a system transformation that leaves no one behind.
Broadcom commits to respect human rights and has a publicly available statement of policy that expects its business relationships to commit to respecting the ILO core labour rights and has a grievance mechanism that is accessible to workers and external stakeholders to raise human rights concerns and complaints. The company also assesses its salient human rights issues in its own operations and its business relationships but does not disclose how it takes action to address these issues. Furthermore, Broadcom lists the stakeholders it engages with in general but does not specify that it engages with stakeholders whose human rights could be impacted by its operations.
Broadcom publicly commits to the health and safety of its workers, it places health and safety expectations on its business relationships and monitors their performance. The company discloses quantitative health and safety information for its U.S. operations but not for its global operations. Broadcom is not explicit in stating that it does not require workers to work more than regular and overtime hours, does not disclose the percentage of its workforce covered by collective bargaining agreements and provides no relevant evidence in relation to paying its workers a living wage. In relation to workforce diversity, while the company provides a breakdown of employees in different employee categories by gender, it has an opportunity disclose against other indicators of diversity per employee category such as age group. Broadcom does not have a public commitment to gender equality and women’s empowerment, does not disclose time-bound targets on the subject but the company does have more than 30% women on the board.
Broadcom has a policy prohibiting bribery and corruption. The company also takes steps to identify and address bribery and corruption and has a grievance mechanism for stakeholders to raise concerns and complaints. Broadcom has a tax strategy that covers its U.K. operations only and it discloses the income taxes it pays in three categories – federal, state and foreign – but it does not disclose income tax payments for all its individual tax jurisdictions. The company does not disclose its approach to lobbying and political engagement; specifically the company does not state that it does not make political contributions and does not disclose its lobbying expenditures.