2021
Announced Science Based Target initiative (SBTi) intention and net zero pathway
With our competitors and customers alike, Lam recognizes the need to aspire to a net zero future.
We strive to iterate and perfect the most intricate details of our technology and processes in a way that uses fewer resources and releases fewer greenhouse gas (GHG) emissions.
Like other companies and industries, Lam may face operational, regulatory, and reputational risks associated with our environmental impact. We strive to manage these risks and look for ways to reduce our impact so we can continue to be an engine of progress.
Our path to net zero
Establish the vision. Do the work. That’s how we’re bringing our net zero ambition into sight. Our approach to progress includes:
Goals
Net zero is a climate action goal to balance the amount of GHGs being released into the atmosphere with the amount of GHGs being removed. Lam has joined organizations worldwide that are setting net zero goals so that, collectively, we seek to limit global warming to 1.5 degrees Celsius.
2021
2022
Achieved SBTi approval for three near-term emissions-reduction targets1
2025
Reduce absolute Scope 1 and 2 (market-based) GHG emissions by 25% from a 2019 baseline
Achieve 12 million kWh in total energy savings from a 2019 baseline
46.5% of suppliers measured by emissions have science-based targets (SBTs)2
2030
Reduce absolute Scope 1 and 2 (market-based) GHG emissions by 46.2% from a 2019 baseline1
Achieve 100% renewable electricity1
Achieve an additional 8 million kWh in total energy savings from a 2025 baseline
95% of top direct suppliers measured by spend have SBTs2
2034
Reduce Scope 3 emissions from use of sold products 63.8% per USD value added from a 2022 baseline
Reduce direct supplier2 emissions by 64% per USD value added from a 2024 baseline
2040
Achieve net zero operations
(Scope 1 and 2)
2050
Achieve net
zero emissions
Our goals aim to cover various GHG emissions sources across our business.
UPSTREAM ACTIVITIES |
Lam facilities and operations |
DOWNSTREAM ACTIVITIES |
|
|---|---|---|---|
UPSTREAM ACTIVITIES
Scope 3indirectKey contributors:
Collaborating for progress:
|
Lam facilities and operations
Scope 2market-based indirectKey contributor:
Collaborating for progress:
|
Scope 1directKey contributors:
Collaborating for progress:
|
DOWNSTREAM ACTIVITIES
Scope 3indirectKey contributors:
Collaborating for progress:
|
Building the foundation
While our net zero goals are forward thinking, progress starts now. With our long-term roadmap in place, we’re building the foundation needed to achieve our goals. That means ramping up our resources, building teams and detailed plans, and focusing on three key areas of our business. Here’s a look at the actions we’re taking across our organization and supply chain.
Facilities
As we work to decarbonize our operations, we’re focused on enhancing energy efficiency, reducing water usage, and minimizing waste. We’re also investing in renewable electricity solutions, with solar arrays installed at several sites.
Suppliers
We strive to collaborate with suppliers to reduce our supply chain-based emissions through ongoing engagement and data collection. We offer trainings, one-on-one support, and energy audits for select suppliers to support their goal-setting and decarbonization efforts.
Customers and products
We are establishing baseline data for our products’ energy consumption and GHG emissions and engaging with customers to align on sustainability metrics and targets. This work informs our investments in R&D as we develop solutions that support our company and customers’ emissions-reduction goals.
Net zero starts with clear ownership
Achieving net zero emissions is a critically important initiative. It requires strong governance to deliver effective outcomes. With this in mind, oversight goes all the way up to our Board of Directors. We also have a Net Zero Leadership team and various working groups to support and monitor our ongoing progress.
To inspire broader action, we seek to engage closely with Lam’s customers and suppliers and are active in industry organizations. We strive to lead by example, including by becoming the first U.S.-based semiconductor equipment manufacturer to receive SBTi approval for its near-term GHG emissions-reduction goals. Lam is also a founding member of the Semiconductor Climate Consortium, the first global, ecosystem-wide collaborative of semiconductor companies dedicated to reducing GHG emissions. Through collaboration, transparency, and ambitious goal setting (in accordance with the best available science), the consortium aims to advance the semiconductor industry’s response to climate change—one of the most pressing challenges of our time.
Addressing the risks of climate change to unlock new opportunities
We strive to take a proactive approach to risk management, and our approach to climate change is no different. By identifying the risks that climate change poses, we can take meaningful steps to make our company more resilient. We worked with a third party to complete an in-depth climate change risk analysis. Through the assessment, we also identified opportunities to unlock benefits for our stakeholders and business. The results of the analysis include::
Risks
- Changing customer expectations
- Competitors developing lower-impact products
- Operational disruptions from tropical windstorms, extreme heat, water stress, drought, flooding, and/or natural hazards
- Natural hazards leading to supply chain disruptions and/or preventing access to the operational workplace
- Regulation of Lam’s direct operations, customer operations, and/or raw materials (e.g., carbon pricing)
- Reputational impacts from poor performance on external climate-related engagements
- Water stress impacting major customer operations
Opportunities
- Expansion of end-use markets
- Improving resilience of business operations through asset hardening
- Lowering utility costs through energy reduction and decarbonization efforts
- Investor prioritization of lower-carbon companies
TCFD CATEGORY |
ALIGNED PRACTICES AT LAM |
|---|---|
|
Metrics and targets |
2030 GHG reduction goals aligned with SBTi methodology Scope 3 emissions inventory and emissions-reduction goals to understand impacts in the value chain 2050 goal to achieve net zero across all emissions scopes, with interim goals for 2030 and 2040 |
|
TCFD Category
Risk management |
Aligned Practices at LAM:
Multiple leading enterprise risk management practices Strong governance to manage and escalate risk to appropriate levels |
|
TCFD Category:
Strategy |
Aligned Practices at LAM:
Leadership involvement and oversight on ESG strategy |
|
TCFD Category:
Governance |
Aligned Practices at LAM:
Board-level ESG oversight Regular ESG reports to the Board and the Nominating and Governance Committee Net zero leadership team and cross-functional working groups Annual net zero objectives integrated into corporate accountability systems and review |
|
TCFD Category:
Reporting |
Consistent climate-related metrics reported to CDP and in our annual Global Impact Report |
Each year Lam reports environmental performance to CDP. In 2025, we received an A- for Climate Change and a B for Water Security.
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