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Building a Foundation for 2050: Lam’s Net Zero Milestones

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Dec 12, 2022

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Lam is once again named to the Dow Jones Sustainability Index for North America
The company joined the UN Global Compact

It’s been a year of progress as we march toward our goal to achieve net zero by 2050. Below are this year’s milestones that built our foundation for the decades of work to come as we aspire to create a more sustainable future.

	December For the second year in a row, Lam was named to the Dow Jones Sustainability Index for North America, a ranking by S&P Global that reflects the top 20% of sustainability performers among the 600 largest U.S. and Canadian companies in the S&P Global Broad Market Index. Read the full press release here.
	December Lam became a member of the United Nations (UN) Global Compact, the world’s largest corporate sustainability initiative that calls on companies to act responsibly and collaborate to solve the world’s most pressing challenges.
	November The company’s near-term greenhouse gas emissions reduction targets were approved by the Science Based Targets initiative (SBTi), making Lam the first U.S.-based semiconductor equipment manufacturer to receive this approval.
	November Lam joined chip industry leaders to form the Semiconductor Climate Consortium, the first global, ecosystem-wide collaborative of semiconductor companies dedicated to taking steps to reduce greenhouse gas emissions.
	October For the first time in Lam history, the company hosted an Environmental, Social, and Governance (ESG) Forum, which brought together our top suppliers to discuss innovative approaches to create a more sustainable supply chain. We need the strength and commitment of all our supplier partners, and at the event, we awarded XP Power, a top supplier, with our first ESG Award.
	October We invited academic and industry leaders to collaborate on solutions that address our industry’s most vexing environmental challenges at Lam’s 2022 Technical Symposium. To further our reach and contribute to positive change, Lam Capital sponsored our second startup pitch competition with the theme “engineering a greener fab.”
	September Lam hosted a training for our supply chain partners to learn about the company’s SBTi targets and how to set their own goals. We need the full support of our upstream partners to get to our goal of net zero by 2050.
	June We released our 2021 ESG Report, offering a comprehensive look at the progress we made toward our 19 goals across our ESG pillars.
	May To guide our work, we developed a cross-functional environmental team which brings together leaders across our sites to share best practices and strategies to improve our environmental impact.
	April On Earth Day, we unveiled Lam’s net zero roadmap, outlining the sprint milestones on our way to the target goal of net zero.
	January We kicked off an engagement strategy with our strategic customers to better understand their decarbonization goals and help shape the strategies that will reduce our collective carbon footprint.

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This article contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statements that are not statements of historical fact, including statements regarding achieving net zero by 2050, our net zero roadmap, greenhouse gas emissions reductions, our carbon footprint, decarbonization, and other sustainability goals and environmental impacts. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations expressed, including the risks and uncertainties described in our filings with the U.S. Securities and Exchange Commission, including specifically the Risk Factors described in our annual report on Form 10-K and quarterly reports on Form 10-Q. You should not place undue reliance on forward-looking statements. We undertake no obligation to update any forward-looking statements.

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