Driving the news: Lam Research was named one of the World’s Most Ethical Companies® by Ethisphere–for the second year in a row.
- Lam is the only wafer fabrication equipment provider on this year’s global list.
What it is: This annual distinction highlights organizations that have demonstrated a commitment to business integrity through robust ethics, compliance, and governance programs.
- The World's Most Ethical Companies recognition is assessed by Ethisphere and is based on over 240 criteria, including culture of ethics; environmental, social, and governance (ESG) practices; ethics and compliance program; diversity, equity, and inclusion; and initiatives that support a strong value chain.
Why it matters: The portfolio of firms recognized as recipients of this year’s World’s Most Ethical Companies have outpaced a comparable index of large-cap companies by 12.3 percentage points over the past five calendar years.
Zooming in: This year, 136 organizations were recognized in 20 countries. The honorees include Intel and Micron.
What we’re hearing:
- “We are proud to be named one the World's Most Ethical Companies® by Ethisphere for the second consecutive year, a reflection of Lam's unwavering commitment to business integrity and transparency,” said Pearl Del Rosario, chief compliance officer at Lam Research. “Our strong ethics and compliance framework and program underpin our values-led culture and continuing focus on driving semiconductor breakthroughs that define the next generation.”
- “It’s always inspiring to recognize the World’s Most Ethical Companies®. Through the rigorous review process, we see the dedication of these organizations to continually improving their ethics, compliance and governance practices to the benefit of all stakeholders,” said Erica Salmon Byrne, Ethisphere’s Chief Strategy Officer and Executive Chair. “Companies that elevate best-in-class cultures of ethics and integrity set a standard for corporate citizenship for their peers and competitors to follow. Congratulations to Lam Research for achieving this honor and demonstrating that strong ethics is good business.”
Related Articles:
- Lam Named to Top 50 of America’s Most Just Companies
- Lam Recognized Among the World’s Most Admired Companies
Caution Regarding Forward-Looking Statements
Statements made in this article 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 commitment to business integrity and transparency; our focus on driving semiconductor breakthroughs that define the next generation; and our ethics, compliance and governance programs and practices. Some factors that may affect these forward-looking statements include: 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; supply chain cost increases and other inflationary pressures have impacted and are expected to continue to impact our profitability; supply chain disruptions have limited and are expected to limit our ability to meet demand for our products; and natural and human-caused disasters, disease outbreaks, war, terrorism, political or governmental unrest or instability, or other events beyond our control 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 25, 2023 and our quarterly report on Form 10-Q for the fiscal quarter ended December 24, 2023. 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 article.