Micron Technology, Inc.
Climate Impact & Sustainability Data (2015, 2016, 2017, 2019-08-30 to 2020-09-03, 2020-09-03 to 2021-09-02, 2021, 2022, 2023)
Reporting Period: 2015
Environmental Metrics
ESG Focus Areas
- Sustainable Operations
- Sustainable Products
- Sustainable Supply Chain
- Sustainable Communities
Environmental Achievements
- Saved 94 million kilowatt hours and avoided 60,000 metric tons of CO2 equivalent emissions (MTCO2e) in FY2016 against 2015 baseline; Target of 123 million kilowatt hours and 78,000 MTCO2e savings in FY2017 compared to 2015.
- Recycled 42% of water used in global manufacturing operations in FY2015 (1% increase over FY2014).
- Recycled 42% of hazardous waste and 47% of non-hazardous waste across global manufacturing operations in FY2015.
Social Achievements
- Average of 33 training hours per full-time team member in 2015.
- Micron's global manufacturing recordable injury rate in 2015 was 0.4.
- Launched Micron Leadership in Action program, awarded Gold in Excellence in Leadership Development by Brandon Hall Group in 2016.
- $55 million in giving from the Micron Foundation to improve access to STEM education and invest in local communities.
Governance Achievements
- Established Sustainability Council in 2015.
- Implemented comprehensive ethics and compliance policies and practices.
- Active participation in the Electronic Industry Citizenship Coalition (EICC) and founding member of the Conflict-Free Sourcing Initiative (CFSI).
Climate Goals & Targets
- Not disclosed
- Save 130,000 cubic meters of water by the end of FY2017; Identify additional savings opportunities for 1.5 million cubic meters for future implementation starting in 2018.
- Save 94 million kilowatt hours and avoid 60,000 MTCO2e in FY2016; Save 123 million kilowatt hours and avoid 78,000 MTCO2e in FY2017 (compared to 2015).
Environmental Challenges
- Increase in overall GHG footprint due to company growth and advancements in manufacturing techniques.
- Managing supply chain risks, including disruptions related to environment, labor, safety, finances, ethics, and conflict minerals.
- Maintaining conflict-free supply chain due to constantly changing supplier base and smelter verification challenges.
Mitigation Strategies
- Implemented hundreds of solutions to increase energy efficiency and reduce GHG emissions.
- Strategic risk-assessment process to identify business continuity vulnerabilities in the supply chain.
- Collaboration with suppliers and industry peers on supply chain standards.
- Active engagement with CFSI and annual reporting on conflict minerals due diligence.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier quality requirements ensuring compliance with global legal standards.
- Supplier commitment to EICC Code of Conduct.
- Banned and Restricted List for hazardous substances.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI G4 Sustainability Reporting Guidelines
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Hybrid Memory Cube (HMC)
Awards & Recognition
- SEMI Outstanding EHS Achievement Award (2015)
- Green Mark Platinum award (Singapore, 2016)
- Pacific Northwest Section of the American Water Works Association award (2005)
- Taiwan Ministry of Economics Water Conservation Outstanding Facility Award (2014)
- Brandon Hall Group Gold in Excellence in Leadership Development (2016)
Reporting Period: 2016
Environmental Metrics
ESG Focus Areas
- Sustainable Operations
- Sustainable Products
- Sustainable Supply Chain
- Sustainable Communities
Environmental Achievements
- Exceeded 2016 goals to save 94,000 megawatt hours (MWh) and avoid 60,000 metric tons of CO2 equivalent emissions (MTCO2e) against a 2015 baseline, realizing a reduction of 182,000 MWh and 103,000 MTCO2 compared to 2015.
- Singapore facility recognized with the Green Mark Platinum award for energy-efficient design.
- Implemented measures to increase water efficiency and reduce raw water demand, including recycling more than 60% of the water used in production at the Singapore facility.
Social Achievements
- Average of 36 training hours per full-time employee in 2016.
- Global manufacturing recordable injury rate of 0.32 in 2016 (better than the 2015 U.S. semiconductor industry benchmark of 0.37).
- Micron was recognized by the Brandon Hall Group with a Gold in Excellence in Leadership Development for its MLA program.
Governance Achievements
- Established a Sustainability Council composed of senior leaders responsible for developing all aspects of the company's sustainability strategy.
- Comprehensive compliance and ethics program including a Compliance Hotline and regular training sessions on ethics and compliance.
Climate Goals & Targets
- Save 102,000 MWh and avoid 60,000 MTCO2e across all manufacturing sites compared to 2016.
- Identify additional savings opportunities for 1.5 million cubic meters of water for future implementation starting in 2018
- Save 130,000 cubic meters of water by the end of 2017
Environmental Challenges
- Increase in overall GHG footprint due to company growth and advancements in manufacturing techniques.
- Managing risks to ensure an uninterrupted supply of materials and services in a complex global supply chain.
- Managing conflict minerals in a constantly changing supplier base.
Mitigation Strategies
- Implemented hundreds of solutions to increase energy efficiency and reduce GHG emissions.
- Strategic risk-assessment process to identify business continuity vulnerabilities in the supply chain.
- Collaboration with industry peers and supply chain partners on industry supply chain standards, including the EICC Code of Conduct and OECD conflict mineral guidance.
Supply Chain Management
Supplier Audits: At least annually
Responsible Procurement
- Supplier commitment to the Electronic Industry Citizenship Coalition Code of Conduct
- Banned and Restricted List for hazardous substances
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI G4 Sustainability Reporting Guidelines
Certifications: ISO 14001:2004, OHSAS 18001:2007
Sustainable Products & Innovation
- Hybrid Memory Cube (HMC)
Awards & Recognition
- Green Mark Platinum award (Singapore facility)
- Brandon Hall Group Gold in Excellence in Leadership Development (MLA program)
Reporting Period: 2017
Environmental Metrics
ESG Focus Areas
- Environment
- People
- Responsible Sourcing
- Communities
Environmental Achievements
- Consolidated savings projects achieved a 4% reduction in energy use compared to 2016.
- Global water recycling initiatives at manufacturing sites achieved a ~53% recycling rate in CY2017.
- In Taichung, Taiwan, and Hiroshima, Japan, manufacturing sites reclaim water at a rate above 70%.
Social Achievements
- Enhanced North American parental leave program.
- Recordable injury rate of .32.
- Average of 48 training hours per full-time team member in 2017.
Governance Achievements
- Updated Code of Business Conduct and Ethics.
- Global pay analysis conducted to measure gender pay equity.
- Micron’s CEO joined the CEO Action for Diversity & Inclusion.
Climate Goals & Targets
- Achieve at least 10% energy savings (measured in KWh saved compared to 2016 baseline year energy use) by 2022.
- Achieve 100 percent gender pay equity by the end of 2018.
Environmental Challenges
- Global water supply becoming increasingly constrained.
- Managing a complex global supply chain with potential risks (natural disasters, financial vulnerability, human rights issues).
- Addressing energy demand of products and their contribution to global environmental impact.
Mitigation Strategies
- Proactive water management strategies adapted to local conditions.
- Supplier risk assessments aligning with Code of Business Conduct and Ethics and RBA Code of Conduct.
- Partnership with customers to deliver energy-efficient memory solutions and provide System Power Calculator.
Supply Chain Management
Supplier Audits: 100% of new and existing suppliers screened for compliance and operational risks.
Responsible Procurement
- Micron’s Code of Business Conduct and Ethics
- Responsible Business Alliance Code of Conduct
- Supplier Qualification Requirements Document (SQRD)
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards: Core option
Certifications: ISO 14001:2004, OHSAS 18001:2007
Sustainable Products & Innovation
- Authenta NVM security solution
Awards & Recognition
- Brandon Hall awards (2016)
- HR.com awards (2017)
Reporting Period: 2019-08-30 to 2020-09-03
Environmental Metrics
ESG Focus Areas
- Emissions
- Energy
- Water
- Waste
- Responsible Sourcing
- People programs
- Products
- Community involvement
- Diversity, Equality and Inclusion (DEI)
Environmental Achievements
- Reduced greenhouse gas emissions per unit of production by 36% since calendar year 2018
- Expanded reuse, recycling and recovery to 84%
- Maintained water conservation rate at 50%
Social Achievements
- Increased female board representation by 50%
- Implemented inclusive hiring practices
- Directed a $1 million donation to the NAACP Legal Defense and Education Fund
- Allocated $250 million for cash management through minority-owned firms
- Spent over $104 million with diverse-owned businesses
- Increased participation in employee resource groups by 84%
Governance Achievements
- Updated and expanded sustainability performance metrics used to determine the variable compensation of executives and team members
Climate Goals & Targets
- 100% renewable energy globally where available
- 100% water conservation through reuse, recycling and restoration
- 75% water conservation through reuse, recycling and restoration in CY30
- 95% reuse, recycling and recovery, and zero hazardous waste to landfill in CY30
- Reduce GHG emissions 75% per unit of production in 2030 (compared to a 2018 baseline)
- Achieve 100% renewable energy in the U.S. by the end of 2025
- Achieve at least 10% energy savings (measured in kilowatt-hours saved compared to 2016 baseline energy use) by 2022
- Reach zero life-altering injuries by FY22
Environmental Challenges
- Climate change, extreme weather events, global pandemics, natural disasters and carbon pricing pose risks to our supply chains, operations and markets
Mitigation Strategies
- Improving operational energy and water efficiency
- Working toward new long-term goals and targets for energy, emissions, water and waste
- Monitoring regulatory, customer, investor and other stakeholder expectations
Supply Chain Management
Supplier Audits: 1400+/year
Responsible Procurement
- Supplier requirements standard
- RBA code of conduct
- Micron Code of Business Conduct and Ethics
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Natural disasters
Transition Risks
- Regulatory changes
- Market shifts
- Carbon pricing
Opportunities
- Energy efficiency improvements
- Renewable energy development
Reporting Standards
Frameworks Used: GRI, SASB, TCFD
Certifications: ISO 14001:2015, ISO 45001:2018
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 6 (Clean Water and Sanitation)
- Goal 7 (Affordable and Clean Energy)
- Goal 13 (Climate Action)
Not disclosed
Sustainable Products & Innovation
- Low-power devices
- Authenta™ technology
Awards & Recognition
- Dow Jones Sustainability Index — North America
- Best Employers for Diversity (Forbes)
- America’s Most Responsible Companies (Newsweek)
- 100 Best U.S. Corporate Citizens (3BL Media)
- Carbon Clean 200 (Corporate Knights and As You Sow)
- Great Place to Work
- Top 50 Companies That Care (Great Place to Work Institute)
- 2020 Corporate Equality Index (Human Rights Campaign)
- Silver National Enterprise Environmental Protection Award in Taiwan
- Global Lighthouse Award in Taiwan
- Responsible Business Alliance Platinum recognition, all facilities
- Platinum EcoVadis sustainability rating
Reporting Period: 2020-09-03 to 2021-09-02
Environmental Metrics
ESG Focus Areas
- Climate Change
- Diversity, Equality & Inclusion (DEI)
- Responsible Sourcing
- Ethics & Integrity
- Community Engagement
- Employee Wellbeing
- Supply Chain Risk Management
- Water Stewardship
- Waste Management
- Energy Efficiency
- Product Safety
Environmental Achievements
- Increased waste recycle, reuse and recovery rate to 90%
- Achieved 40% improvement in greenhouse gas emissions intensity (CY21 vs. CY18)
- Exceeded targets for greenhouse gas emissions intensity, waste diversion and Responsible Business Alliance audit performance, targets that were tied to nearly $3.7 billion in sustainability-linked credit facilities issued in May 2021
- Issued a $1 billion green bond to fund environmental initiatives
- Expanded rooftop solar panels in Singapore and Japan by 2 megawatts (MW), providing over 600,000 megawatt-hours (MWh) of energy
- Achieved 100% renewable energy in Malaysia
- Announced a 40 MW solar project in Idaho via a renewable energy power purchase agreement (PPA)
Social Achievements
- Achieved comprehensive global pay equity for all underrepresented groups
- Exceeded goal to invest 3% of cash investments with diverse financial institutions ($300 million in FY21, increased to $500 million for FY22)
- Increased annual spend with diverse suppliers to $332 million (more than 100% from FY20)
- Strengthened culture of inclusion with 99.9% of global team members completing inclusion ally trainings
- Met goal of 60% team member participation in giving programs (donations or volunteerism), raising the goal to 65% for 2022
- Zero serious injuries or fatalities in CY21
Governance Achievements
- Named one of the world’s most ethical companies by Ethisphere
- Enhanced responsible sourcing programs with a strong focus on responsible minerals sourcing and human and labor rights, expanding work on supplier diversity and climate performance
- Established a green bond framework and issued a $1 billion green bond
- 93% of team members were in compliance with business conduct and ethics training and certification requirements in FY21
Climate Goals & Targets
- Reach net-zero GHG emissions in operations (scope 1) and purchased energy (scope 2) by 2050
- Reduce greenhouse gas emissions from global operations by 42% by 2030
- Achieve at least 10% energy savings (compared to 2016 baseline) by 2022
- Reduce water consumption by achieving 75% reuse, recycling and restoration by 2030
- Achieve 95% waste reuse, recycling and recovery, and zero hazardous waste to landfill by 2030
- Achieve 100% renewable energy in U.S. operations by the end of 2025
- Reach the “value” level of safety maturity by 2023
Environmental Challenges
- Extreme weather events
- Global pandemics
- Geopolitical risks
- Labor unrest
- Materials availability
- Regulations related to climate change or responsible sourcing
- Customer requirements
- Product responsibility
- Talent attraction and retention
- Supply chain disruptions due to shortages of non-memory components
- Energy- and emissions-intensive manufacturing process
- Limited availability of renewable energy in certain regions
- Space constraints in cleanrooms
- Increasing production demands
Mitigation Strategies
- Collaboration among sustainability, EHS, and responsible sourcing programs
- Enterprise risk management (ERM) program
- Investing in energy-efficient equipment and purchasing renewable energy
- Optimizing CDA systems and chillers
- Implementing automation and control devices to reduce utility consumption
- Expanding on-site solar installations
- Securing renewable energy procurement opportunities
- Collaborating with suppliers to develop low-emissions etch chemistries
- Increasing chemical use efficiency and switching to alternatives with lower global warming potential
- Implementing AI tools, smart-controlled systems, and predictive maintenance
- Piloting Aqua Membranes' reverse osmosis technology
- Incorporating LEED criteria into new building design
- Investing approximately $1 billion by 2028 to advance environmental goals
- Sustainability-linked credit facilities and green bond financing
- Supplier risk assessment and mitigation plans
- RBA audits and code of conduct compliance
- Transparency through visibility mapping, surveys, and passive assessments
- Supplier training programs
- Collaboration with RBA to eliminate forced labor
- Working with recruitment agents to prevent forced labor
- Formal partnership with the CDP supply chain program
- Piloting augmented reality solutions for safety inspections and training
- Piloting an access control system using biometric controls and geofencing
- Investigating the use of AI-equipped CCTVs for 24/7 monitoring
- Risk-based approach to analyzing and controlling hazards for hazardous chemicals and gases
- Implementing a comprehensive emergency preparedness plan for COVID-19
Supply Chain Management
Supplier Audits: 68 on-site audits in FY21; restructuring to include remote assessments in FY22
Responsible Procurement
- Supplier requirements standard
- RBA code of conduct compliance
- Responsible minerals policy
- Supplier responsibility and compliance training
- Supplier diversity initiatives
- Micron’s code of conduct, RBA requirements and product compliance standards
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
- Renewable energy procurement
- Investment in energy-saving technologies
Reporting Standards
Frameworks Used: GRI Standards: Core option, SASB Semiconductors Standard, TCFD framework
Certifications: ISO 45001:2018 (safety and occupational health management systems)
Third-party Assurance: Independent limited level assurance statement
UN Sustainable Development Goals
- Goal 6 (Clean Water and Sanitation)
- Goal 7 (Affordable and Clean Energy)
- Goal 13 (Climate Action)
Initiatives contribute to these goals through water conservation, renewable energy use, and greenhouse gas emissions reduction
Sustainable Products & Innovation
- Low-power memory qualified for automotive safety applications
- DDR5 products (expected 14% reduction in DRAM power consumption per bit)
Awards & Recognition
- World’s Most Ethical Companies (Ethisphere)
- Corporate Equality Index (Human Rights Campaign)
- Management Top 250 (Drucker Institute)
- Great Place to Work®
- World’s Best Employers (Forbes)
- Designing the Difference (Global Semiconductor Alliance)
- Dow Jones Sustainability Index North America (S&P Global)
- Best Workplace for Disability Inclusion (Disability Equality Index)
- Platinum EcoVadis sustainability rating
- America’s Most Responsible Companies (Newsweek)
- 100 Best U.S. Corporate Citizens (3BL Media)
- Carbon Clean 200 (Corporate Knights and As You Sow)
- 100 Most Sustainable Companies (Barron’s)
- National Enterprise Environmental Protection Award (Taiwan EPA)
- Caring and Concerned Employer (Malaysia)
- Virginia Water Environment Association’s Platinum Award (Manassas facility)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Increased waste recycle, reuse and recovery rate to 90%
- Achieved 40% improvement in greenhouse gas intensity (CY21 vs. CY18)
- Exceeded targets for greenhouse gas emissions intensity, waste diversion and Responsible Business Alliance audit performance, targets that were tied to nearly $3.7 billion in sustainability-linked credit facilities issued in May 2021
- Established a green bond framework and issued a $1 billion green bond to fund environmental initiatives.
- Achieved 100% renewable energy in Malaysia in 2022
Social Achievements
- Achieved comprehensive global pay equity for all underrepresented groups
- Met goal of 60% team member participation in giving programs
- Exceeded three-year goal to double annual spend with diverse-owned businesses by FY23
Governance Achievements
- Named one of the world’s most ethical companies by Ethisphere
- Enhanced responsible sourcing programs with a focus on responsible minerals sourcing and human and labor rights
- Expanded work on supplier diversity and climate performance
- 93% of team members were in compliance with business conduct and ethics training and certification requirements in FY21
Climate Goals & Targets
- Reach net-zero GHG emissions in operations (scope 1) and purchased energy (scope 2) by 2050
- Achieve 95% reuse, recycling and recovery, and zero hazardous waste to landfill by 2030
- Reduce water consumption by 75% through reuse, recycling and restoration by 2030
- Achieve 100% renewable energy in the U.S. by the end of 2025
- Reduce GHG emissions by 42% by 2030 (absolute reduction versus CY20)
Environmental Challenges
- Extreme weather events
- Global pandemics
- Geopolitical risks
- Labor unrest
- Materials availability
- Regulations related to climate change or responsible sourcing
- Customer requirements
- Product responsibility
- Talent attraction and retention
- Supply chain disruptions due to shortages of non-memory components
- Increasing geopolitical issues impacting suppliers’ ability to provide products and customer demand
Mitigation Strategies
- Collaboration among sustainability, EHS, and responsible sourcing programs
- Enterprise risk management (ERM) program
- Supplier risk assessment and mitigation measures
- Restructuring audit program to support a combination of on-site and remote assessments
- Visibility mapping, surveys and passive assessments to ensure adequate coverage
- Compliance helpline for anonymous reporting of violations
- Supplier training on responsibilities and expectations
Supply Chain Management
Supplier Audits: 68 on-site audits in FY21
Responsible Procurement
- Supplier requirements standard
- RBA Code of Conduct
- Responsible Minerals Policy
- Supplier responsibility and compliance training program
- Supplier diversity initiatives
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
- Renewable energy procurement
Reporting Standards
Frameworks Used: GRI, SASB, TCFD
Certifications: ISO 45001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 6 (Clean Water and Sanitation)
- Goal 7 (Affordable and Clean Energy)
- Goal 13 (Climate Action)
Micron's initiatives contribute to these goals through water conservation, renewable energy use, and greenhouse gas emissions reduction.
Sustainable Products & Innovation
- Low-power memory and storage solutions
- Energy-efficient DRAM and SSDs
Awards & Recognition
- World’s Most Ethical Companies (Ethisphere)
- Corporate Equality Index (Human Rights Campaign)
- Management Top 250 (Drucker Institute)
- Great Place to Work®
- World’s Best Employers (Forbes)
- Designing the Difference (Global Semiconductor Alliance)
- Dow Jones Sustainability Index North America (S&P Global)
- Best Workplace for Disability Inclusion (Disability Equality Index)
- Platinum EcoVadis sustainability rating
- America’s Most Responsible Companies (Newsweek)
- 100 Best U.S. Corporate Citizens (3BL Media)
- Carbon Clean 200 (Corporate Knights and As You Sow)
- 100 Most Sustainable Companies (Barron’s)
- National Enterprise Environmental Protection Award (Taiwan EPA)
- Caring and Concerned Employer (Malaysia)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Responsible sourcing
- Workforce health, safety and wellbeing
- Diversity, equality and inclusion
- Team member development and engagement
- Data protection and privacy
- Climate and energy
- Water
Environmental Achievements
- Expanded climate initiative goals to reach net zero greenhouse gas emissions in operations (scope 1) and purchased energy (scope 2) by 2050, with a 2030 milestone to reduce scope 1 emissions from the 2020 baseline by 42%
- Achieved 100% renewable energy in Malaysia
- Signed first major agreements supporting U.S. renewable energy goal
- Achieved 52% reduction in GHG emissions per unit of production compared to CY18 baseline
- Achieved 93% reuse, recycle and recovery (including energy recovery) of waste
- Achieved 65% water conservation through reuse, recycling and restoration
Social Achievements
- Maintained global pay equity for women and people with disabilities globally, as well as across race/ethnicity and veteran status in the U.S. and race/ethnicity for Malays in Singapore
- Grew participation in employee resource groups to 39% of the workforce, a nearly 50% increase from fiscal year 2021
- Achieved $454 million in spend with diverse suppliers, exceeding the goal of $404 million
- Achieved the goal to have $500 million in cash investments managed by underrepresented financial firms
Governance Achievements
- 99% of team members complied with business conduct and ethics training and certification requirements
- Improved in four out of five categories measured in 2019 and 2022 in a survey measuring six dimensions of Micron’s ethical culture
Climate Goals & Targets
- Net zero scope 1 and 2 emissions by 2050
- 42% absolute reduction in scope 1 emissions by 2030 from the 2020 baseline
- 75% reduction in GHG emissions per unit of production by 2030 from the 2018 baseline
- 100% renewable energy in the U.S. by 2025
- 75% water conservation through reuse, recycling and restoration by 2030
- 95% reuse, recycling and recovery, and zero hazardous waste to landfill by 2030
Environmental Challenges
- Extreme weather events
- Global pandemics
- Geopolitical risks
- Labor unrest
- Materials availability
- Regulatory challenges related to climate change or responsible sourcing
- Customer requirements
- Product responsibility
- Talent attraction and retention
Mitigation Strategies
- Collaboration among sustainability; environmental, health and safety (EHS); and responsible sourcing programs, along with various risk management functions
- Enterprise risk management (ERM) program overseen by the Micron board of directors
- Supplier risk assessment and mitigation measures
Supply Chain Management
Supplier Audits: 884 new suppliers assessed in FY22
Responsible Procurement
- Supplier requirements standard
- RBA Code of Conduct
- Micron code of conduct
- Supplier diversity initiatives
- Responsible minerals policy
- Human rights policy
- Modern slavery and human trafficking statement
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
- Renewable energy investments
Reporting Standards
Frameworks Used: GRI, SASB, TCFD
Certifications: ISO 14001:2015, ISO 50001:2018, ISO 45001:2018
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 13 (Climate Action)
Micron's initiatives to reduce GHG emissions, transition to renewable energy, and improve water and waste management contribute to these goals.
Sustainable Products & Innovation
- Low-power memory and storage solutions
- Energy-efficient DRAM technology
Awards & Recognition
- 100 Most Sustainable Companies (Barron’s)
- Gold sustainability rating (EcoVadis)
- JUST 100 — America’s Most JUST Companies (JUST Capital)
- Sustainability Lighthouse for manufacturing in Singapore (World Economic Forum)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate change
- Energy consumption
- Human rights
- Responsible sourcing
- Workforce health, safety and wellbeing
- Diversity, equality and inclusion
- Team member development and engagement
- Data protection and privacy
- Water
Environmental Achievements
- Decreased scope 1 emissions by 11% in 2023 (relative to 2020 baseline)
- Achieved 66% water reuse, recycling and restoration in 2023 (up from 50% in 2020)
- Achieved 94% waste reuse, recycling and recovery rate in 2023
- Maintained 100% renewable electricity in Malaysia
- Secured three new contracts sufficient to cover estimated electricity needs in the U.S. by the end of 2025
- Achieved 100% renewable electricity for operations in mainland China through the purchase of green electricity certificates (GECs)
Social Achievements
- Maintained global pay equity for women, as well as across race/ethnicity and veteran status in the U.S. and for people with disabilities globally
- 47% of team members worldwide participated in employee resource groups in FY23
- Received the Equality 100 award from the Human Rights Campaign for the third year in a row
- Received a score of 100 on the Disability Equality Index
- Micron Foundation invested more than $11 million in STEM education and community support initiatives
Governance Achievements
- Micron’s inclusion in Ethisphere’s list of the World’s Most Ethical Companies in 2024
- 99% of team members complied with business conduct and ethics training and certification requirements in FY23
- Achieved an average RBA facility audit score of 198.2 of a possible 200 as of December 31, 2023
Climate Goals & Targets
- Net zero scope 1 and 2 emissions by 2050
- 42% absolute reduction in scope 1 emissions by 2030 from the 2020 baseline
- 75% water conservation through reuse, recycling and restoration in 2030
- 95% waste reuse, recycling and recovery, and zero hazardous waste to landfill in 2030
- 100% renewable electricity in the U.S. by the end of 2025
Environmental Challenges
- Global pandemics
- Geopolitical risks
- Labor unrest
- Materials availability
- Customer requirements
- Product responsibility
- Talent attraction and retention
- Regulatory challenges related to climate change or responsible sourcing
- Extreme weather events
Mitigation Strategies
- Collaboration among sustainability, EHS, and responsible sourcing programs, along with risk management functions
- Enterprise risk management (ERM) program
- Independent internal audit group reporting to the board’s audit committee
- Risk assessments performed by various teams and presented to executives and the board
Supply Chain Management
Supplier Audits: 819 new suppliers assessed in FY23; combination of on-site and remote assessments by Micron employees and third parties
Responsible Procurement
- Micron supplier requirements standard
- RBA code of conduct
- Due-diligence platform for compliance tracking
- Increased spend with diverse-owned suppliers to more than $500 million in 2023
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI, SASB, TCFD
Certifications: ISO 14001, ISO 45001, ISO 50001
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 13 (Climate Action)
Initiatives to reduce GHG emissions, transition to renewable energy, conserve water, and reduce waste contribute to these goals.
Sustainable Products & Innovation
- HBM3E memory solution (30% lower power consumption than competitors)
- LPCAMM2 technology for AI-powered PCs (up to 80% standby power savings)
- LPDDR5X (approx. 15% power-efficiency improvement over 1α memory)
- Micron 3500 NVMe SSD (estimated 30% per-bit energy transfer savings)
Awards & Recognition
- Ethisphere’s World’s Most Ethical Companies
- Equality 100 Award (Human Rights Campaign)
- Disability Equality Index, Score 100
- WEConnect International Top Global Champions for Supplier Diversity & Inclusion Platinum Award
- Gold sustainability rating (EcoVadis)