Micron’s Sixth Annual Sustainability Report Highlights Progress on Goals and Unwavering Commitment to Innovation and Advancing Society
BOISE, Idaho, April 22, 2021 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today released “Fast Forward: Micron’s 2021 Sustainability Report,” underscoring the company’s commitment to advance innovation, people, communities and manufacturing while
demonstrating resilience in extraordinary times.
Throughout the COVID-19 pandemic, Micron has driven progress on sustainability programs, including making initial investments towards its goal to spend approximately $1 billion on environmental initiatives by 2028. These include reducing greenhouse gas (GHG) emissions by 75% versus 2018, as well as achieving 75% water conservation and 95% waste diversion globally in 2030. The company also targets sourcing 100% renewable energy across its U.S. manufacturing operations by the end of 2025. Micron decreased 2020 GHG emissions per unit of production by 36% versus 2018. In addition, Micron increased its material and waste reuse, recycling and recovery to 84% in calendar year 2020, up three percentage points from the year prior.
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Micron also made meaningful progress in its diversity, equality and inclusion commitments. The company achieved comprehensive global pay equity for all underrepresented groups in total employee compensation across base pay, bonuses and stock rewards. To support development of underserved communities, Micron allocated over $250 million in cash and cash equivalents to be managed by minority-owned financial firms. Additionally, Micron increased representation of females on its board. As of February 2021, women represent 50% of Micron’s board members. Micron also saw an 84% growth in overall employee resource group (ERG) membership in 2020. These employee-led ERGs are driven by volunteers, focusing on people with shared identities or experiences and their allies. ERGs are key to promoting inclusion within Micron and the communities where its employees live and work.
“We view sustainability as a cornerstone of Micron’s business model and are backing that with a $1 billion commitment and implementation of a science-based approach to track our progress,” said Micron President and Chief Executive Officer Sanjay Mehrotra. “In 2020, we’ve made significant strides against these goals. Despite pandemic-related uncertainty, Micron achieved a three-fold annual improvement in energy savings, advanced on our greenhouse gas emissions reduction target, and achieved comprehensive pay equity, a key step toward full workforce inclusion.”