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KLA's 2021 Global Impact Report Highlights New Climate Goals
August 25, 2022 | KLAEstimated reading time: 1 minute
KLA Corporation released its 2021 Global Impact Report, highlighting its most recent environmental, social and governance (ESG) progress and goals. Its purpose is to promote the sustainable growth of the business and inform KLA's stakeholders about the company's approach to managing and measuring its ESG performance.
"In 2021, we remained steadfast in our commitment to fulfill our mission of being positive stewards and living our values," commented Rick Wallace, president and chief executive officer of KLA Corporation. "Our 2021 Global Impact Report is a testament to KLA's dedication to continuous innovation and a summary of the environmental, social and governance strides we have made in just one year."
Reducing KLA's Environmental Footprint
Following the UN Intergovernmental Panel on Climate Change (IPCC) recent warnings around the catastrophic impact of global warming, KLA recognized the urgent call to action for businesses to do their part to reduce global emissions. Therefore, the company set a target to reduce its Scope 1 and 2 emissions by 50% by 2030 from its 2021 (third-party verified) baseline and achieve net zero Scope 1 and 2 emissions by 2050. These scope 1 and 2 emissions targets were set in reference to the Science Based Targets Initiative's (SBTi) Corporate Net-Zero Standard Criteria. In addition, KLA will evaluate and announce progress toward the development of Scope 3 emissions reduction goals by the end of 2023.
These developments follow a previously announced goal to use 100% renewable electricity across KLA's global operations by 2030.
KLA Invests in The Community, Strengthens Inclusion & Diversity Efforts
Through the KLA Foundation grants program, KLA invests in local organizations to create upstream solutions for sustainable change. In 2021, the KLA Foundation made a total of $3.9 million in grants and donated $550,000 to support COVID-19 relief in India, building upon its prior $2 million contribution toward COVID-19 relief efforts. Through the KLA Social Equity Fund established in 2020 in partnership with the American Heart Association, $530,000 in grant funding was made to five nonprofits in the South Bay/Silicon Valley and Metro Detroit areas.
The report also highlights the company's efforts to strengthen its engagement around Inclusion and Diversity (I&D) to address unconscious bias, non-discrimination and anti-harassment throughout the organization.
The development of the 2021 Global Impact Report was guided by stakeholder expectations and took into consideration recommended disclosures from the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) standards for the semiconductor industry and the Task Force on Climate-Related Financial Disclosures (TCFD).
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Two Industry Rising Stars Recognized at IPC APEX EXPO 2024
04/17/2024 | IPCTwo of the industry’s best and brightest were presented with an IPC Rising Star Award at IPC APEX EXPO 2024 in recognition of their leadership roles and support of IPC standards, education, advocacy, and solutions to industry challenges. Award recipients were Naim Kapadia and Michael Schleicher.
Two Long-time IPC Volunteers Receive Dieter Bergman IPC Fellowship Award
04/17/2024 | IPCThe Dieter Bergman IPC Fellowship award was presented to two IPC volunteers at IPC APEX EXPO 2024. The award recipients have fostered a collaborative spirit, made significant contributions to standards development, and have consistently demonstrated a commitment to global standardization efforts. Tiberiu Baranyi and Zhiman Chen were chosen as award recipients as they embody the work ethic and spirit of the late Dieter Bergman, an industry pioneer and icon. As part of the award, they bestowed Dieter Bergman Memorial Scholarships to the university or college of their choice.
Northrop Grumman honors Calumet Electronics with Supplier Excellence Award
04/17/2024 | Calumet ElectronicsNorthrop Grumman Corporation has recognized Calumet Electronics during the company’s 2024 Supplier Excellence Awards for “exceptional performance and unwavering commitment to delivering with excellence.” Calumet is one of 70 suppliers recognized from across the globe. In its award category of “Supplier Strategic Excellence,” Calumet was honored alongside global corporations such as Amazon Web Services, Dell Technologies, and Eaton Corporation.
Ark Electronics Expands Global Manufacturing Factory Network in North America and Europe
04/17/2024 | PRNewswireElectronic Manufacturing Company Ark Electronics recently announced the expansion of its Global Factory Network with the addition of Electronics Manufacturing Service (EMS) capabilities in Mexico and Europe.
Neura Robotics and OMRON Forge Strategic Alliance to Revolutionize the Manufacturing Industry with Cognitive Robots
04/16/2024 | BUSINESS WIRENeura Robotics, a global pioneer in cognitive robotics, and Omron Robotics and Safety Technologies Inc., a global leader in industrial robotics and automation, are excited to announce their strategic partnership.