Shanghai, China, May 7, 2021 — Micron Technology Inc. (Micron Technology, Inc., NASDAQ: MU), a leading provider of memory and storage solutions, recently released the “Brisk Walk: Micron’s 2021 Expectations Fast Forward: Micron’s 2021 Sustainability Report, highlighting Micron’s extraordinary corporate resilience and making strides in promoting innovation, people, communities and manufacturing.
During the COVID-19 pandemic, Micron continued to advance various sustainable development projects, including some upfront investments, to reach its goal of investing approximately US$1 billion (equivalent to approximately RMB 6.5 billion) in environmental protection by 2028. These environmental projects include reducing greenhouse gas (GHG) emissions by 75% globally by 2030 from 2018 levels, and achieving 75% wastewater reuse and 95% waste diversion. Micron also plans to use 100 percent renewable energy at all of its U.S. manufacturing facilities by the end of 2025. Micron reduced the greenhouse gas emissions used to produce a single chip in 2020 by 36% compared with 2018, and increased the reuse and recycling rate of materials and waste to 84%, an increase of 3% from the previous year percent.
Micron has also made positive progress in diversity, equity and inclusion initiatives. The company has achieved comprehensive pay equity for disadvantaged groups around the world, covering base salary, bonuses and stock awards. To support the development of disadvantaged communities, Micron has invested more than $250 million in cash and cash equivalents managed by financial companies owned by disadvantaged groups. In addition, Micron has increased the number of women on its board of directors. As of February 2021, Micron’s board of directors will be 50 percent female. Micron’s Employee Resource Group (ERG) membership grew 84% in 2020. These ERG organizations are Micron employee-led volunteer groups that focus on employees with the same identity or experience and their allies, greatly promoting inclusive development within Micron and in the communities where employees work.
“Sustainability is the cornerstone of Micron’s business model, for which we are committed to investing $1 billion (approximately 6.5 billion yuan) and using a scientific approach to closely monitor progress,” said Sanjay Mehrotra, Micron’s president and CEO. A big step closer to its sustainable development goals in 2019. Micron overcame the uncertainty caused by the epidemic, achieved a three-fold annual increase in energy efficiency indicators, moved closer to the goal of reducing greenhouse gas emissions, and achieved comprehensive pay equity , this is a key step in our goal of full inclusion.”
Micron achieves new milestone in actively improving communities. The Micron Foundation donated nearly $24 million to charitable organizations in 2020, including a $10 million COVID-19 fund. Micron team members also quadrupled their matching donations, benefiting more than 650,000 students and educators throughout the year through global science, technology, engineering and math (STEM) support programs.
Accelerate Sustainability and Enhance Technology Leadership
For the first time in history, Micron has achieved leadership in both DRAM and NAND technologies.Micron 1α DRAM Technology Increases Memory Density by 40%, Delivers Lowest Power DRAM Platform for Mobile Industry, Achieves 15% Energy Savings. Micron’s 176-layer 3D NAND flash reduces data read and write latency by more than 35% and increases data transfer rates by 33%. The combination of the two technologies lays a data foundation for building a newer and more efficient device experience and innovative infrastructure, which is suitable for various application scenarios such as data centers and intelligent edges.
In addition, Micron recently introduced automotive LPDDR5 memory, which improves energy efficiency by more than 20%. This low-power DRAM enables high-performance computing in smart cars while significantly reducing energy consumption, thereby reducing greenhouse gas emissions in the transportation industry. Micron also introduced its breakthrough GDDR6X memory last September, which achieves lower power consumption per task (pJ/bit) than its predecessor, making it more suitable for power-hungry, bandwidth-hungry applications. GDDR6X can also flexibly adjust power consumption, and users can reduce performance to save energy.
Recognized by the industry
Micron’s sustainability is recognized by the industry, including being listed on the North America Dow Jones Sustainability Index; all manufacturing facilities are certified Platinum by the Responsible Business Alliance; and in 2018- Received the Great Place to Work Award in Greater China for three consecutive years in 2020. Micron is ranked in the top 10% of the semiconductor industry according to the March 2021 Sustainalytics Environmental, Social and Governance Score. Micron was also included in the 2019-2020 FTSE4Good Index Series (FTSE Russell, FTSE Russell).
Micron’s sixth annual Sustainability Report is prepared in accordance with the Global Reporting Initiative (GRI) Core Standards and the Sustainability Accounting Standards Board (SASB) Semiconductor Industry Standards.
The Links: LM32C04P 7MBR25SA120