Marvell Technology, Inc.
Climate Impact & Sustainability Data (2021-01-31 to 2022-01-29, 2023-01-29 to 2024-02-03)
Reporting Period: 2021-01-31 to 2022-01-29
Environmental Metrics
Total Carbon Emissions:569,003 tCO2e/year
Scope 1 Emissions:4,406 tCO2e/year
Scope 2 Emissions:35,929 tCO2e/year
Scope 3 Emissions:569,003 tCO2e/year
Renewable Energy Share:100% (US data centers)
Total Energy Consumption:113,736 MWh/year
Water Consumption:140 megaliters/year
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Product Power
- Product Materials
- Water and Waste
- Inclusion & Diversity
- Employee Attraction, Development, Engagement & Retention
- Employee Wellness, Health & Safety
- Human Rights
- Community Engagement
- Ethics & Compliance
- IP Protection
- Data Security & Privacy
- Supply Chain Engagement
Environmental Achievements
- Achieved a landfill diversion rate of 86% at our Santa Clara, California, offices
- Improved the accuracy of our Scope 1, Scope 2 and material categories of Scope 3 GHG emissions data
- Delivered power reductions of 40%-50% for set capabilities in our newer-generation products
Social Achievements
- Began focusing efforts around four business outcomes of our I&D strategy: Activate and Empower Leaders, Create an Inclusive Best Place to Work, Cultivate a Diverse Workforce and Lead in the Marketplace and Community
- Performed an annual global gender pay equity analysis.
- Maintained an annual employee engagement (eSat) score that is two points higher than Glint’s Technology Industry Benchmark
Governance Achievements
- 99% of employees were trained on and certified to the Code of Business Conduct and Ethics
- Maintained zero monetary losses as a result of legal proceedings associated with anti-competitive behavior regulations
Climate Goals & Targets
Long-term Goals:
- Participate in multiple external collaborations focused on technology addressing societal challenges (FY25)
Medium-term Goals:
- Pursue 100% top Tier 1 suppliers audited in the past two years by Responsible Business Alliance Validated Assessment Program (RBA VAP) (FY25)
- Pursue 100% Responsible Minerals Assurance Process (RMAP)-compliant tantalum, tin, tungsten and gold processing facilities (FY25)
- Conduct a lifecycle assessment (LCA) on three key product lines (FY25)
- Achieve zero waste at sites where Marvell has control of waste management (FY25)
- Conduct a formal Human Rights Impact Assessment and develop action plans to address impacts of our value chain (FY25)
Short-term Goals:
- Develop and implement water action plans at sites where Marvell has control of water management (FY23)
- Conduct climate scenario analysis aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) (FY23)
- Set and validate a Science-Based Target (SBT) aligned with a 1.5°C climate scenario and work toward developing a net zero goal (FY23)
- Develop a low-carbon transition plan (FY23)
- Achieve 20% participation rate in our volunteer time off and employee match programs (FY23)
Environmental Challenges
- Supply chain disruptions
- Increased GHG emissions due to business growth and return to office
- Managing climate-related risks across the value chain
Mitigation Strategies
- Engaging with suppliers through RBA to improve ESG practices
- Improving energy efficiency in facilities
- Developing a low-carbon transition plan and setting a Science-Based Target
Supply Chain Management
Supplier Audits: 76% of top Tier 1 suppliers audited through RBA VAP in FY22
Responsible Procurement
- Supplier Code of Conduct
- RBA Code of Conduct
- OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Rising mean temperatures
- Rising sea levels
- Changes in precipitation patterns
Transition Risks
- Uncertainty in cost of technological innovations
- Changing perceptions of Marvell’s contribution to low-carbon economy
- Policies constraining adverse effects of climate change
- Shifts in supply and demand for Marvell products
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 3
- SDG 5
- SDG 8
- SDG 9
- SDG 12
- SDG 13
- SDG 17
Marvell's initiatives contribute to these goals through various programs and partnerships.
Sustainable Products & Innovation
- Energy-efficient products
Awards & Recognition
- Two 2021 GSA Awards
- Top 10 Best Places to Work in the Bay Area
- Gold Winner for Inspiring Employer Brand
- Top 100 Bay Area Corporate Philanthropist
- Largest Corporate Philanthropists in Silicon Valley
- Fittest Firm in Silicon Valley Turkey Trot
Reporting Period: 2023-01-29 to 2024-02-03
Environmental Metrics
Total Carbon Emissions:23,686 mt CO2e
Scope 1 Emissions:4,433 mtCO2e
Scope 2 Emissions:4,433 mtCO2e
Scope 3 Emissions:19,696,674 mtCO2e
Renewable Energy Share:30%
Total Energy Consumption:99,709 MWh
Water Consumption:174 megaliters
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Sustainable Products
- Responsible Supply Chain
- Thriving Organization
- Inclusion and Diversity
- Human Rights
- Data Security and Privacy
Environmental Achievements
- Received validation of our science-based climate target to reduce Scope 1 and Scope 2 GHG emissions by 50% by FY30 (from a FY22 base year), and to reduce Scope 3 GHG emissions from the use of sold products by 55% per petabyte per second over the same timeframe.
- Completed the first cradle-to-gate life cycle assessment (LCA) on one of our product families, gaining insights into GHG, energy, and water impacts of product manufacturing.
Social Achievements
- Launched a new employee-led group with 20 chapters and over 700 members.
- Offered up to three paid days of volunteer time off and company-matched monetary donations to charitable organizations.
- Achieved an employee engagement (eSAT) score higher than Glint’s Technology Industry Benchmark.
- Increased hires of women from 22% to nearly 24% in FY24.
- 97% of employees completed Code of Conduct certification.
Governance Achievements
- Established a science-based target (SBT) aligned with a 1.5°C climate scenario, covering Scope 1, 2, and 3 emissions.
- 10 out of 11 directors were independent by the end of FY24.
- Strengthened supply chain management by engaging suppliers directly and through industry organizations, monitoring and managing sustainability initiatives and best practices.
Climate Goals & Targets
Long-term Goals:
- Reduce absolute Scope 1 and 2 GHG emissions by 50% by FY30 (from FY22 base year)
- Reduce Scope 3 GHG emissions from use of sold products by 55% per petabyte per second by FY30 (from FY22 base year)
Medium-term Goals:
- Conduct LCA on three key product lines (FY25)
Short-term Goals:
- 100% of employees certified in Code of Business Conduct and Ethics (Annual)
- Maintain eSAT score higher than Glint’s Technology Industry Benchmark (Annual)
- Achieve 20% employee participation in philanthropy program (FY25)
- 100% top Tier 1 suppliers audited by RBA VAP (FY25)
Environmental Challenges
- Downstream Scope 3 product-use emissions represent the largest component of their emissions profile (nearly 99%).
- Potential climate risks to supplier operating facilities in Taiwan (drought and flooding).
Mitigation Strategies
- Set and externally validated a Science-Based Target (SBT) to reduce Scope 3 GHG emissions from the use of sold products by 55% per petabyte per second by FY30 (from a FY22 base year).
- Integrated climate-focused requirements into supplier Quarterly Business Reviews (QBRs).
- Proactively held regular discussions with suppliers on their climate action plans.
- Requested suppliers to report Scope 1, 2, and material Scope 3 emissions, provide independent third-party assurance of emissions data, and work toward setting and validating their own science-based targets.
Supply Chain Management
Supplier Audits: 95% of top Tier 1 suppliers audited through RBA VAP
Responsible Procurement
- Supplier Code of Conduct
- RBA Code of Conduct
- OECD Due Diligence Guidance for Responsible Supply Chains of Minerals
Climate-Related Risks & Opportunities
Physical Risks
- Drought
- Flooding
- Power outages
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC
Certifications: Null
Third-party Assurance: APEX (for GHG inventory)
UN Sustainable Development Goals
- Goal 3: Good Health and Well-being
- Goal 5: Gender Equality
- Goal 8: Decent Work and Economic Growth
- Goal 9: Industry, Innovation and Infrastructure
- Goal 12: Responsible Consumption and Production
- Goal 13: Climate Action
- Goal 17: Partnerships for the Goals
Mapping of business activities to relevant SDGs
Sustainable Products & Innovation
- PAM4 DSPs
- Teralynx switches
- CXL
- OCTEON DPUs
- OCTEON 10 ML/AI accelerator
- Coherent DSPs
- COLORZ
- Prestera switches
- Alaska Ethernet PHYs
- Automotive Ethernet
- Automotive Central Switches
- Camera bridge
Awards & Recognition
- Great Place to Work® Certified
- Glassdoor’s Best Places to Work
- Fortune Best Workplaces in the Bay Area™
- Built In Best Places to Work
- Silicon Valley Business Journal Top 50 Silicon Valley Corporate Philanthropists (2023)
- San Francisco Business Times Top 100 Bay Area Corporate Philanthropists (2023)
- Fittest Firm award at the Silicon Valley Turkey Trot (8 consecutive years)