Illumina, Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Board diversity
- Sustainable operations
Environmental Achievements
- Illumina DRAGEN Original Read Archive technology performs data compression in the cloud, reducing customers’ carbon footprint by up to 80%.
Social Achievements
- Collaboration with Amgen to whole-genome sequence a cohort of approximately 35,000 DNA samples made up of DNA from African Americans, an underrepresented demographic in research.
- Launched inaugural Illumina Genomics Forum
Governance Achievements
- Updated Illumina’s Corporate Governance Guidelines to further strengthen our commitment to providing a director nomination process that is fair and equitable to all nominating stockholders.
- Commitment to Board diversity and continuous refreshment
Climate Goals & Targets
Environmental Challenges
- Challenging macroeconomic factors such as inflation, foreign exchange rates, COVID-19 related disruptions and concerns about an economic downturn that affected both Illumina directly and our customers’ behavior.
- Supply chain pressures delayed customers’ lab expansions and forced others to manage inventory and capital more conservatively.
Mitigation Strategies
- Proactively realigning operating expenses to reflect the current macro-economic environment while maintaining focus on our innovation roadmap and sustainable long-term growth.
- Completed a senior unsecured investment grade bond offering for an aggregate principal amount of $1 billion to raise capital to pay down debt and fund our ongoing operations, including research and development.