Driving the news: Lam Research secures a spot on the 2024 Dow Jones Sustainability Index (DJSI) North America1 for the fourth year in a row, maintaining our position as a corporate sustainability leader.
- The DJSI North America is a prestigious benchmark that identifies sustainability champions among the top 20% of the largest publicly traded companies in North America.
Why it matters: Lam’s consistent inclusion on the DJSI reflects our ongoing dedication to sustainability excellence.
But wait, there’s more: To reinforce our dedication to combating climate change, Lam has joined RE100, an initiative comprised of influential businesses around the world with a goal of achieving 100% renewable electricity in their operations.
- Led by the Climate Group and in partnership with CDP, RE100’s mission is to accelerate change toward zero carbon grids at scale.
What we’re hearing:
- “Lam continues to integrate sustainability principles in our policies, processes, and products, and take an active role in reducing carbon emissions globally,” says Vahid Vahedi, senior vice president, Chief Technology and Sustainability Officer, Lam Research. “This is evidenced by our fourth consecutive listing on the DJSI North America and recently joining RE100.”
- “Lam Research is showing climate leadership by setting a goal to use 100% renewable electricity by 2030,” says Ollie Wilson, head of RE100. “Together, RE100 members send a powerful message to policymakers that renewables make business sense, and we encourage more companies to join us and drive forward much-needed market change.”
The big picture: Guided by our principle to “Act with Purpose for a Better World,” we continue to make progress toward our ambitious sustainability and social responsibility goals, which include achieving 100% renewable electricity by 2030 and net zero emissions by 2050.
- Lam recently began expansions of our solar power installations at our manufacturing location in Malaysia and at our Fremont, Calif.-based headquarters.
- In addition, Lam is helping to advance sustainability in semiconductor manufacturing through our innovative products and technologies. For example, Lam's breakthrough dry resist technology consumes less energy and five to 10 times less raw materials than traditional resist processes.
- Further, with Semiverse™ Solutions, the company is transforming research and development by using virtual twins–digital replicas that minimize the need for physical experimentation. These advanced models not only optimize tool development but also help to reduce carbon emissions.
- Lam also recently introduced Lam Cryo™ 3.0, the third generation of the company's cryogenic dielectric etch technology, which enables a 40% reduction in energy consumption per wafer, and up to a 90% reduction in emissions compared to conventional etch processes.
Flashback: In addition to the fourth consecutive DJSI North America inclusion, Lam has received several other recognitions underscoring our sustainability efforts, including: Newsweek’s America's Greenest Companies and Barron’s 100 Most Sustainable Companies.
Go deeper: A comprehensive look at the progress we’ve made toward our goals in environmental stewardship, social impact, and business integrity can be found in Lam’s 2023 ESG Report.
Footnote:
1 Effective February 10, 2025, Dow Jones Sustainability Indices (DJSI) will be renamed Dow Jones Best-in-Class Indices.
Related articles:
- Small Steps, Big Impact: Path to Our Net Zero Goal
- Lam Cryo 3.0: What You Need to Know
- Less Waste, Faster Results: Why Virtual Twins Are Critical to Future Semiconductor R&D
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 of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to but are not limited to: market and industry trends; the potential benefits and opportunities related to our ESG efforts; the potential benefits and implications of our progress in ESG on the semiconductor industry; our abilty to progress towards and meet our ESG goals; and our ability to help reduce carbon emissions. 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 may continue to impact our profitability; supply chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sell 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 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 30, 2024 and our quarterly report on Form 10-Q for the quarter ended September 29, 2024. 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.