Micron Technology today released “Investing in the Future: Micron’s 2022 Sustainability Report,” underscoring the company’s continued commitment to innovation, the environment, and our people and communities.
The tech company has managed to exceed 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.
Besides, the tech 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 spend with diverse suppliers to $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 Chief Executive Officer 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,” he added.
In calendar year 2021, the Micron Gives program distributed $13 million to charitable organizations, including $4.25 million in education grants to help underrepresented and underserved students find pathways to science, technology, engineering and mathematics (STEM) careers.
Micron 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.
