ESG Strategy - Lam Research

ESG Strategy

Today’s environmental, social, and governance investments unlock new possibilities for the semiconductor future.

At Lam, our ESG strategy provides a framework for focused action. From our day-to-day decisions to our long-term relationships and investments, the strategy supports a holistic and proactive approach to managing ESG-related opportunities and risks.

We emphasize accountability and conduct regular progress assessments to advance our ESG goals. We are also committed to transparency in our processes and performance and will continue to expand Lam’s disclosures in alignment with industry-recognized frameworks, best practices, and standards.

Our ESG mission

We elevate human prosperity and protect the environment in our operations, supply chain, and the products we create.

ESG goals

Our ESG goals keep us focused and accountable for building momentum across our ESG pillars. Unless stated otherwise, we aim to complete each of our ESG goals by 2025.


  • Behind Schedule Behind Schedule
  • On Track On Track
  • Achieved Achieved
Goal Status 2022 Progress

Continue to expand our disclosure and alignment with industry-recognized frameworks and standards

Status On Track Achieved Behind Schedule 2022 Progress

Our efforts to increase disclosure raised our ratings and rankings with third parties

Product innovation
Goal Status 2022 Progress

83% of customers measured by emissions set science-based targets (SBTs)1

Status On Track Achieved Behind Schedule 2022 Progress

16.9% of customers as measured by emissions have set SBTs

Sustainable operations
Goal Status 2022 Progress
Achieve net zero emissions by 2050 by meeting the following targets:

Achieve 100% renewable electricity by 20302

Status On Track Achieved Behind Schedule 2022 Progress

Sourced 44% renewable electricity globally in 2022


Reduce absolute Scope 1 and 2 (market-based) greenhouse gas (GHG) emissions 25% by 2025 and 60.6% by 2030 from a 2019 baseline. By 2040, achieve net zero operations3

Status On Track Achieved Behind Schedule 2022 Progress

207% increase in Scope 1 and 2 (market-based) GHG emissions4


Achieve 12 million kilowatt-hours (kWh) in total energy savings from a 2019 baseline

Status On Track Achieved Behind Schedule 2022 Progress

Achieved 6.9 million kWh in energy savings


Achieve zero waste to landfill for hazardous waste

Status On Track Achieved Behind Schedule 2022 Progress

Diverted 99.99% of hazardous waste from landfills in 2022


Achieve 17 million gallons of water savings (15%) in water-stressed regions from a 2019 baseline

Status On Track Achieved Behind Schedule 2022 Progress
  • Achieved 46.9 million gallons of water savings in water-stressed regions, surpassing our 2025 goal by 175%
  • Our updated goal will be to achieve 80 million gallons of water savings from a 2019 baseline
Goal Status 2022 Progress

Build on our high-performance culture with global employee engagement at the global benchmark as measured by our annual employee survey

Status On Track Achieved Behind Schedule 2022 Progress

Ended the year with an engagement score of 78, one point below the global top tier benchmark of 79


Maintain an Occupational Safety and Health Administration (OSHA) recordable injury rate at or below 0.4 annually

Status On Track Achieved Behind Schedule 2022 Progress

Realized recordable injury rate of 0.35


Increase the proportion of women (globally) and underrepresented employees (U.S.) across the company

Status On Track Achieved Behind Schedule 2022 Progress

Increased the proportion of women in our global workforce by 3.0% and underrepresented employees in the U.S. by 5.0% over 2021

Responsible supply chain
Goal Status 2022 Progress

Achieve more than 90% compliance rate with our social and environmental expectations across our top-tier suppliers

Status On Track Achieved Behind Schedule 2022 Progress

Exceeded our goal with 94% of suppliers responding to our conflict minerals survey


Engage with at least 50% of our top-tier suppliers on environmental sustainability opportunities

Status On Track Achieved Behind Schedule 2022 Progress

Exceeded our goal by engaging with 100% of top-tier suppliers in 2022


Increase engagement with all suppliers on social and environmental topics through assessment, training, and capacity building

Status On Track Achieved Behind Schedule 2022 Progress

Deepened supplier engagement through our inaugural ESG Supplier Forum, new supplier engagement platform, new monthly webinar series and newsletter, and additional trainings via the Responsible Business Alliance (RBA)


46.5% of suppliers by emissions will set SBTs5

Status On Track Achieved Behind Schedule 2022 Progress

14.5% of suppliers as measured by emissions have set SBTs

Goal Status 2022 Progress

Determine key targets for larger-scale impact aligned to a new strategic focus

Status On Track Achieved Behind Schedule 2022 Progress

Achieved our goal by launching a new social impact framework with three strategic focus areas to guide our giving and signature program initiatives


Implement measurement of outcomes for key program and large-scale grants

Status On Track Achieved Behind Schedule 2022 Progress

Began developing a reporting process and measurement outcomes


Increase annual unique participation rate in all employee giving programs from 10% to 30%

Status On Track Achieved Behind Schedule 2022 Progress

Increased annual unique employee participation rate from 10% in 2021 to 18% in 2022


Increase employee volunteer hours by 33% from a 2019 baseline

Status On Track Achieved Behind Schedule 2022 Progress

Achieved and surpassed our goal with employees completing 21,133 volunteer hours in 2022 for a total increase of 58% from a 2019 baseline6 and set a new goal to achieve 40,000 by end of 2025

  1. Previously, this goal targeted SBTs for 83% of customers by revenue by 2025. Lam updated this goal in 2022 per the SBTi verification and approval process.
  2. Previously, this goal targeted 100% renewable energy by 2030. Lam updated this goal in 2022 per the SBTi verification and approval process.
  3. Previously, the 2030 goal targeted a 46% reduction in Scope 1 and 2 (market-based) GHG emissions. Due to a previously unidentified source of Scope 1 emissions, Lam worked with SBTi to update our 2019 emissions inventory and restate our 2030 goal.
  4. Primarily due to the increase in usage of a specific chemical in our testing process between 2019 and 2022.
  5. Previously, this goal targeted SBTs for 80% of top direct suppliers by spend by 2025 and 95% by 2030. Lam updated this goal in 2022 per the SBTi verification and approval process.
  6. Based on data tracked through our community engagement platform.

We aspire to integrate ESG into everything we do

In our workspaces and across our supply chain


Our Ethics and Compliance program is rooted in our Core Values. We earn our customers’ trust by aiming to make everything we do reliable and accurate. We execute with the highest level of quality, integrity, and sound governance.

Employee well-being

Our employees deliver success for Lam, and in return, we deliver the resources they need to thrive. We provide competitive benefits that foster professional and personal growth and well-being.


We approach our supply chain with the same focus on human rights, the environment, and diversity that we apply to our own business—and we work to hold our suppliers to these same standards.

Inclusive culture

Our goal is to foster a diverse and equitable culture where every person feels valued, included, and empowered to achieve their full potential.

Net zero future

To contribute to a more sustainable world, we have established goals to operate on 100 percent renewable electricity by 2030 and become net zero by 2050.

Sustainable operations

We are making progress toward our 2025 sustainable operations goals in energy savings, water conservation, waste diversion, and greenhouse gas emissions reduction.

Efficient products

We continually innovate to provide customers with sustainable solutions, like the Sense.i product family, which delivers energy reductions and uses less raw materials in its vertical, space-saving design.

Strong communities

We invest in our communities to build a better world for generations to come

External engagements

Through academic and industry engagement, we align the global semiconductor technology community to accelerate innovation.

Strategic pillars and material topics

Our ESG strategy consists of six pillars that reflect areas where we can make a significant environmental, social, and economic impact. We identified these areas—known as material ESG topics—by engaging key internal and external stakeholders in an in-depth materiality assessment. We conduct these assessments every three-to-five years, or whenever there’s a notable shift in our industry or business. Our most recent assessment took place in 2022.

  • Business and governance
  • Products and customers
  • Sustainable operations
  • Our workplace
  • Responsible supply chain
  • Our communities
















  • Collaborating & volunteering
  • Investing in philanthropic causes
  • Participating in conferences and forums


  • Connecting through our Global Customer Operations & Customer Support Business Group
  • Participating in industry conferences
  • Conducting regular business review meetings


  • Sponsoring & supporting our employee resource groups
  • Conducting meetings & surveys
  • Discussing/fostering performance & development

Industry organizations

  • Collaborating as an active member
  • Sponsoring & participating in conferences


  • Direct engagement through our Global Government Affairs group
  • Trade organization participation such as the National Association of Manufacturers, SEMI, and the Semiconductor Industry


  • Annual meeting of stockholders
  • Participation in conferences and forums
  • Quarterly earnings conference calls
  • Regular calls and in-person meetings


  • Annual ESG supplier surveys
  • Annual Supplier Day (with Excellence Awards)
  • Monthly supplier scorecard reviews
  • Regular Supplier Town Halls
  • Strategic business reviews
    as needed

Contributing to the United Nations Sustainable
Development Goals (UN SDGs)

We recognize the value of the United Nations’ 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs). These goals play an important role in building a more equitable, inclusive, and sustainable future. We have identified the following SDGs as being most relevant to Lam’s material topics:

SDG3: Good Health and Well-BeingSDG4: Quality EducationSDG8: Decent Work and Economic GrowthSDG10: Reduce InequalitiesSDG13: Climate Action

Through our ESG strategy, Lam is working to accelerate progress toward each of these goals. Lam is also a member of the UN Global Compact (UNGC) and we support the UNGC’s ten universal principles for labor, environment, anti-corruption, and human rights.

Caution regarding forward-looking statements


Statements made on our Company webpage that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to: our goal to be net zero by 2050, our ESG strategy and related goals, our renewable electricity goals, our continued commitment to business integrity, the strength and effectiveness of our ethics and compliance framework, our environmental footprint, sustainability in our industry, our social impacts, our inclusion and diversity initiatives, and the sustainability of our products and operations. Some factors that may affect these forward-looking statements include: trade regulations, export controls, trade disputes, and other geopolitical tensions may inhibit our ability to sell our products; business, political and/or regulatory conditions in the consumer electronics industry, the semiconductor industry, and the overall economy may deteriorate or change; the actions of our customers and competitors may be inconsistent with our expectations; supply chain cost increases and other inflationary pressures have impacted and are expected to continue to impact our profitability; supply chain disruptions have limited and are expected to limit our ability to meet demand for our products; the severity, magnitude, and duration of the COVID-19 pandemic (and the related governmental, public health, business, and community responses to it), and its impacts on our business, results of operations, and financial condition, are evolving and are highly uncertain and unpredictable; and widespread outbreaks of illness may impact our operations and revenue in affected areas; as well as the other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the Risk Factors described in our most recent annual report on Form 10-K and our quarterly report on Form 10-Q. These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update any forward-looking statements.