For over four decades, Lam Research has been diligently engineering technologies that have helped to shape our connected world, powering ever smaller, faster, smarter innovations. Although you may not see them, Lam’s products and services will touch the lives of nearly every person on the planet in some way. With this, we feel a heightened responsibility to invest in our people, innovate sustainably, reduce our carbon impact and give back to the communities in which we operate.
Today, we are proud to announce that we have achieved a new milestone in our journey to help build a more sustainable future: Lam has been named to the Dow Jones Sustainability Index for North America (DJSI North America).
Launched in 1999, the Dow Jones Sustainability Indices (DJSI) are among the world’s leading benchmarks for corporate sustainability. Our addition to the 2021 DJSI North America list signifies that Lam ranks in the top 20% of sustainability performers among the 600 largest companies in the United States and Canada.
This recognition highlights the tremendous progress Lam has made across its environmental, social, and governance (ESG) initiatives. From improving the sustainability of our operations and elevating diversity and inclusion as an area of strategic focus in the development of our workforce, to increasing the rigor of our cybersecurity and ethics practices, Lam is making significant strides and we are exceedingly proud of our achievements.
In many ways, though, this is only the beginning. In the coming months, we will be outlining our plans to achieve the ambitious sustainability goals we set in 2021: to operate on 100% renewable energy by 2030 and reduce our carbon footprint to net zero by 2050, and we will continue our efforts to develop a more diverse and inclusive workforce that paves the way for future innovation in our industry and drives positive societal impact.
For more insight into our ESG programs and goals, I encourage you to read Lam’s 2020 Annual ESG report and keep checking back here as we share new updates about our sustainability journey.
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 include or relate to, but are not limited to: our ability to achieve our sustainability goals on renewable energy and carbon emissions, our ability to achieve other ESG goals referred to in the press release or in our ESG report, and the criticality of those goals to the semiconductor industry in general and our business in particular. Some factors that may affect these forward-looking statements include: the severity, magnitude and duration of the COVID–19 pandemic (and the related governmental, public health, business and community responses to it), and their impacts on our business, results of operations and financial condition; business and economic conditions in the consumer electronics industry, the semiconductor industry and the overall economy which may deteriorate or change; the actions of our customers and competitors that may be inconsistent with our expectations; and government and political actions such as trade barriers, transportation disruptions, embargoes, duties and tariffs which 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 26, 2021 and in our Form 10-Q for the fiscal quarter ending September 26, 2021. 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.