Lumentum Releases Fiscal 2023 Corporate Sustainability Report
13 October 2023 - 12:46AM
Business Wire
Third annual sustainability report highlights
25% YOY decrease in emissions, new employee development programs,
and significant decrease in power consumption across multiple
products
Lumentum Holdings Inc. ("Lumentum"), a market-leading designer
and manufacturer of innovative optical and photonic products, today
announced the publication of its fiscal 2023 Corporate
Sustainability Report, highlighting the company's environmental,
social, and governance progress and achievements.
"During fiscal 2023, our talented teams around the world worked
together to accelerate the design and development of cutting-edge
processes and innovative products that improve lives and contribute
to a more sustainable world,” said Lumentum President and CEO Alan
Lowe. "I am extremely proud of the significant progress made on
many of the company’s sustainability goals, especially during a
year with multiple acquisitions and new product introductions.”
Highlights from Lumentum’s fiscal 2023 Corporate Sustainability
Report include:
Planet – Lighter Impact: Progress on Climate Goals During an
Acquisition Integration Year
Lumentum continues to make substantial progress on its
aggressive goal of achieving net-zero Scope 1 and 2 emissions by
2030, and remains committed to aligning its emission reduction
targets with the Science-Based Targets initiative (SBTi).
- Achieved a 25% decrease in Scope 1 and 2 greenhouse gas (GHG)
emissions as compared to fiscal 2022, despite the integration of
two acquisitions and subsequent expansion in facility
footprint.
- Doubled the percentage of renewable energy sourced for our
global operations, from 31% to 61% in fiscal 2023.
- Transitioned three additional sites to 100% renewable
electricity, bringing our total to 11 sites.
People – Positive Impact: New Career Development and
Diversity, Inclusion, Belonging (DIB) Programs
Lumentum is committed to enabling its workforce to thrive, while
fostering a diverse and inclusive culture where all employees feel
welcomed and supported.
Among the many new programs and initiatives established in
fiscal 2023 to fulfill this commitment were:
- The introduction of four new Employee Resource Groups (ERGs) to
create a diverse and supportive working environment.
- The launch of multiple new leadership development certificate
programs in partnership with Duke University, including the Aspire
Certificate Program that was completed by nearly 100 early career
professionals around the world.
- An expanded Lumentum mentorship program, encompassing over 330
participants, to advance employee growth and retention.
Innovation – Breakthrough Impact: Significant Power Reduction
Realized across Multiple Product Lines
At Lumentum, technology innovation is core to the company’s
commitment to improving the energy efficiency and power consumption
of our products, while still enabling high-speed connectivity for
our customers and end users.
Newly designed products in fiscal 2023 included significant
advancements such as:
- Wavelength Selective Switch (WSS) TrueFlex® products, which
achieved anywhere from 20% to 50% power reduction per switching
capacity through innovative design improvements and functional
integration.
- High-speed digital coherent optical data transmission modules
used in internet backbone applications, which achieved a 79%
reduction in relative power (W/Gb) usage (Gen 3 800G vs 100G).
- 200G PAM4 externally modulated lasers (EMLs), which were
recognized in the 2023 Lightwave Innovation Reviews for providing
innovative and cost-effective solutions that lower power
consumption for the industry. The Lightwave award marks the second
industry win for the company’s EML products, following last year's
award from the European Conference on Optical Communication (ECOC)
for the “Data Center Innovation / Best Product of 2022” award.
“There is so much to celebrate in this year’s fiscal 2023
Corporate Sustainability Report, which showcases the many ways our
breakthrough advancements and innovative solutions are transforming
how people connect, create, and interact. We also recognize that it
takes constant effort, over time, to enact lasting change when it
comes to sustainability initiatives. We remain committed to
consistently monitoring our progress and improving our processes
year over year to achieve our long-term goals, on our journey to
create a brighter future for the world we live in,” said Lumentum
President and CEO Alan Lowe.
More highlights can be found in the full fiscal 2023 Corporate
Sustainability Report, along with detailed data and additional
activities from our fiscal 2023 which ended July 1, 2023. This
report has been prepared in accordance with the Global Reporting
Initiative (GRI) Standards for sustainability impacts, applies the
standards of the Sustainability Accounting Standards Board (SASB),
and references the United Nations Sustainable Development Goals (UN
SDGs).
About Lumentum
Lumentum (NASDAQ: LITE) is a market-leading designer and
manufacturer of innovative optical and photonic products enabling
optical networking and laser applications worldwide. Lumentum
optical components and subsystems are part of virtually every type
of telecom, enterprise, and data center network. Lumentum lasers
enable advanced manufacturing techniques and diverse applications
including next-generation imaging and sensing capabilities.
Lumentum is headquartered in San Jose, California with R&D,
manufacturing, and sales offices worldwide. For more information,
visit www.lumentum.com and follow Lumentum on LinkedIn, X (formerly
known as Twitter), Facebook, Instagram and YouTube.
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version on businesswire.com: https://www.businesswire.com/news/home/20231012541050/en/
Investors: Kathy Ta, 408-750-3853,
investor.relations@lumentum.com Media: Noël Bilodeau,
408-439-2140, noel.bilodeau@lumentum.com or Hotwire Global,
lumentum@hotwireglobal.com
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