Semiconductor industry leader releases annual
environmental, social and governance report, and unveils new
program to empower social impact
FREMONT,
Calif., June 29, 2022 /PRNewswire/ -- Lam Research
Corporation (Nasdaq: LRCX), among the first companies in the
semiconductor industry to proactively set a net zero emissions
goal, today proudly released its 2021 Environment, Social and
Governance (ESG) Report. The eighth annual report highlights how
Lam is addressing its environmental footprint and advancing
sustainability across the semiconductor ecosystem. Reflecting its
commitment to "act with purpose for a better world," Lam also
introduced its social impact framework to catalyze positive
change in the community, inspire and educate tomorrow's future
innovators, and foster a more inclusive society.
"As we transform the world through technology, we have a
responsibility to help conserve our finite resources and take an
active role in empowering a better future," said Tim Archer, president and chief executive
officer of Lam Research. "Last year, we made big strides towards
Lam's sustainability goals, established our net zero supply chain
strategy and deepened our commitment to inclusion and diversity –
all while growing our workforce by over 30 percent year-over-year
and navigating the challenges of a global pandemic. I am proud of
everything that we accomplished and am inspired to see what more we
can achieve together."
Addressing our Environmental Footprint
Lam is taking a leadership role in driving sustainability in the
semiconductor industry. Lam continues to demonstrate progress
towards its previously announced goals to operate on 100 percent
renewable energy by 2030 and achieve net zero by 2050. The company
has implemented new practices and strategies that drive energy and
water conservation, waste abatement, and greenhouse gas reductions.
Sustainability is also a key consideration in the leading-edge
products that Lam creates – from innovative development and design,
to manufacturing responsibly, to delivering solutions that help
support our customers' ESG goals. Examples of accomplishments in
these areas include:
- Increased renewable energy usage – 54 percent of the energy
used by Lam globally in 2021 was renewable, with sites in
Ohio, U.S.; Penang, Malaysia; and China facilities reaching 100 percent
renewable energy. *
- Decreased Scope 1 and Scope 2 greenhouse gas emissions by over
9 percent since 2019.
- Diverted 99 percent of hazardous waste from landfill in
2021.
- Saved 6.3 million gallons of water in water-stressed regions in
2021.
- Introduced a range of new and enhanced etch products that
improved generator efficiency for NAND and foundry logic
development by up to 15 percent, shortened clean times via chamber
modifications by up to 30 to 50 percent, and decreased tool usage
of helium by up to 80 percent.
- Established a new foundational strategy to propel
sustainability throughout the supply chain, which spans over 25
countries. Lam also developed an engagement plan with ongoing
training, support, and resources.
Powering Breakthroughs Together
Lam continues to deepen its commitment to making a meaningful
impact through corporate giving and employee volunteerism. It
supported communities and over 1,550 charitable organizations
around the world in 2021.
Under the company's new social impact framework, Powering
Breakthroughs Together, Lam is increasing its focus on
advancing transformative learning, building resilient communities,
and fostering inclusive societies. To support this effort, the
company is introducing a new application system for Lam's grant
program to make it easier for organizations to apply.
Lam was proud to be included in the 2021 Dow Jones
Sustainability Index (DJSI) for North
America, which recognizes the top 20 percent of
sustainability performers among the 600 largest companies in the
U.S. and Canada. The DJSI indices
are widely considered to be among the world's leading benchmarks
for corporate sustainability.
Further details on the company's environmental, social and
governance strategies and 2021 accomplishments are available in
Lam's 2021 ESG report.
Media Resources:
- Lam Research 2021 ESG Report
- Lam's blog, "Lam's 2021 ESG Report: acting with purpose for a
better world"
- Lam's Net Zero Strategy
* 100 percent
renewable energy at our Ohio, Malaysia and China achieved with the
purchase of renewable energy credits (RECs).
|
About Lam Research
Lam Research Corporation (NASDAQ:
LRCX) is a global supplier of innovative wafer fabrication
equipment and services to the semiconductor industry. Lam's
equipment and services allow customers to build smaller and better
performing devices. In fact, today, nearly every advanced chip is
built with Lam technology. We combine superior systems engineering,
technology leadership, and a strong values-based culture, with an
unwavering commitment to our customers. Lam Research is a FORTUNE
500® company headquartered in Fremont,
California, with operations around the globe. Learn more at
www.lamresearch.com. (LRCX-B)
Caution Regarding Forward-Looking Statements
Statements made in this press release that are not of historical
fact are forward-looking statements and are subject to the safe
harbor provisions created by the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements relate to, but
are not limited to: our net zero emissions goals, renewable energy
goals, and other sustainability goals, our environmental footprint,
sustainability in our industry, our social impacts, our inclusion
and diversity initiatives, the performance of our products and our
product development, and our corporate giving and employee
volunteerism. Some factors that may affect these forward-looking
statements include: supply chain disruptions have limited and are
expected to continue to limit our ability to meet demand for our
products; supply chain cost increases and other inflationary
pressures have impacted and are expected to continue to impact our
profitability; trade regulations, export controls, trade disputes,
and other geopolitical tensions may inhibit our ability to sell our
products; business, political and/or regulatory conditions in the
consumer electronics industry, the semiconductor industry and the
overall economy may deteriorate or change; the actions of our
customers and competitors may be inconsistent with our
expectations; the severity, magnitude and duration of the COVID–19
pandemic (and the related governmental, public health, business and
community responses to it), and their impacts on our business,
results of operations and financial condition, are evolving and are
highly uncertain and unpredictable; and widespread outbreaks of
illness may impact our operations and revenue in affected areas; as
well as the other risks and uncertainties that are described in the
documents filed or furnished by us with the Securities and
Exchange Commission, including specifically the Risk Factors
described in our annual report on Form 10–K for the fiscal year
ended June 27, 2021 and our quarterly report on Form 10-Q
for the fiscal quarter ended March 27, 2022. These
uncertainties and changes could materially affect the
forward-looking statements and cause actual results to vary from
expectations in a material way. The Company undertakes no
obligation to update the information or statements made in this
release.
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SOURCE Lam Research Corporation