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Sustainable development

Lam Research Corp. Advances Sustainability Efforts with Global Impact Initiatives

Strategic Insights

— 2 min read

Lam Research Corp., a leading global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, has taken significant strides in advancing its corporate sustainability efforts. The company has been recognized for its environmental, social, and governance (ESG) performance by being included on the Dow Jones Sustainability Index for North America (DJSI North America) for a second consecutive year. Additionally, Lam has joined the United Nations Global Compact, a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.

Key Takeaways:

  • Lam Research Corp. has been recognized for its ESG performance by being included on the Dow Jones Sustainability Index for North America (DJSI North America) for a second consecutive year.
  • The company has gained additional points for its achievements in the past year, including its net zero roadmap and strategy, enhanced employee programs and benefits, and further integration of ESG into its global supply chain strategy.
  • Lam has joined the United Nations Global Compact, a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices, and has committed to aligning its operations and strategies with the universally accepted principles in the areas of human rights, labor, environment, and anti-corruption.
  • The company has set goals to operate on 100 percent renewable electricity by 2030 and achieve net zero by 2050, becoming one of the first companies in the semiconductor industry to set such goals.
  • Lam's ESG strategies and initiatives are critical to the continued success of the semiconductor industry and the betterment of society as a whole.
  • The company's commitment to sustainability is reflected in its focus on advancing sustainability in the semiconductor industry, with a strong corporate ESG program being essential for the industry's continued success.
  • Lam's joining of the UN Global Compact underscores its commitment to taking action in support of UN priorities and issues embodied in the Sustainable Development Goals (SDGs).
  • The company has made significant progress in integrating ESG into its global supply chain strategy, recognizing the importance of sustainable practices in its operations.

Statistics:

  • Over 10,000 publicly traded companies were invited to participate in the S&P Global Corporate Sustainability Assessment in 2022.
  • The Dow Jones Sustainability Indices are reconstituted and compiled annually based on a Corporate Sustainability Assessment (CSA) conducted by S&P Global, which evaluates the ESG performance of participating companies over the preceding year.
  • Lam Research Corp. has set a goal to operate on 100 percent renewable electricity by 2030.
  • The company aims to achieve net zero by 2050.
  • There are over 15,000 companies and 3,800 non-business signatories based in over 160 countries that are part of the UN Global Compact.
  • The UN Global Compact is widely referred to as the world's largest corporate sustainability initiative.

Sources:

  • "Lam Research Corp. Announces Inclusion on the Dow Jones Sustainability Index for North America (DJSI North America) for a Second Consecutive Year"
  • "Lam Research Corp. Joins the United Nations Global Compact"
  • Lam Research Corporation's website, .
  • Lam Research Corporation's Form 10-K for the fiscal year ended June 26, 2022.
  • Lam Research Corporation's Form 10-Q for the fiscal quarter ended September 25, 2022.

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