Micron Technology, Inc. has released “Investing in the Future: Micron’s 2022 Sustainability Report,” underscoring its continued commitment to innovation, the environment, the people and communities.
Micron said in a statement it exceeded all targets associated with its credit facilities announced last year. These metrics included securing a 40% improvement in greenhouse gas intensity compared to 2018; ensuring 90% of the company’s waste is recycled, reused or recovered; and achieving a Responsible Business Alliance (RBA) average facility audit score of 193.2 out of a possible 200.
The company also made “meaningful” progress in its diversity, equality and inclusion (DEI) commitments. The company achieved comprehensive global pay equity for all underrepresented groups, surpassed its goal to invest 3% of its cash investments with diverse financial institutions and grew its annual spending with diverse suppliers to US$212 million.
“In 2021, we made substantial progress against our sustainability goals, exceeding our targets in greenhouse gas emissions intensity reduction and water recycling. We further advanced our environmental strategy in May 2022 with the announcement of new climate goals to reduce greenhouse gas emissions,” said Micron president and CEO Sanjay Mehrotra.
“Sustainability and inclusion are vital to a future that enriches life for all our communities, and Micron will continue to build on the progress we have made in areas like achieving comprehensive pay equity and investing in innovative startups that will transform sustainability practices in our industry.”
Investments in community and sustainability
Micron continued to prioritize giving back to its communities and providing a brighter future for all. In 2021, the Micron Gives program distributed US$13 million to charitable organizations, including US$4.25 million in education grants to help underrepresented and underserved students find pathways to science, technology, engineering and mathematics (STEM) careers.
The company is also investing in future sustainable technologies that will benefit the global semiconductor industry. Through a partnership with SEMI, the industry association representing the electronics manufacturing and design supply chain, Micron Ventures held a “Startups for Semiconductor Sustainability” pitch event focused on startups developing groundbreaking technologies in energy efficiency, water efficiency or water processing and recycling.
The initiative provided startups with the opportunity to compete for nine top spots to engage with industry experts and potential investors who can help them further develop these important technologies, contributing to a more sustainable world.
According to Micron, the release of the 2022 sustainability report follows its new climate goals announced in May, to achieve net-zero GHG emissions in its global operations and purchased energy by 2050, reduce 2030 GHG emissions from operations (“scope 1”) by 42% against its
2020 baseline and continue to advance its renewable energy targets. Micron has been recognized on the North America Dow Jones Sustainability Index, included on Barron’s list of the 100 Most Sustainable Companies and listed as a 2021–2022 Certified Great Place to Work.
The company was also named on Newsweek’s list of America’s Most Responsible Companies in 2021.
Micron’s seventh annual sustainability report was prepared in accordance with Global Reporting Initiative Core Standards and the Sustainability Accounting Standards Board semiconductor industry standard.
