I am pleased to share that Marvell has made strides to define and advance our ESG strategy. Though we’ve been focused on these issues for some time, our cross functional ESG working groups and executive committee have been defining our priorities and ambitions for the years ahead. We are now reporting against industry-standard metrics, including those from the Sustainability Accounting Standards Board (SASB).
At Marvell, we are focused on doing our part to address climate change. Marvell is committed to achieving net zero emissions as a company (in line with a 1.5°C emissions scenario) and is adopting a science-based approach to achieving this goal. We are also working to improve the power performance efficiency of our semiconductor solutions, recognizing that much of our carbon footprint is realized through customer use of our products. We are also conducting scenario analyses to ensure that our business remains resilient in the face of climate change.
We support and empower our people to thrive with Marvell – the success of our business depends on it. We are investing in ongoing programs that promote inclusion and diversity, employee development and wellness, as well as recruiting and retention.
As a fabless semiconductor company, many of our social and environmental impacts lie in our supply chain. We are a long-standing member of the Responsible Business Alliance (RBA) and hold ourselves and our suppliers to account on RBA Code of Conduct adherence. We are ramping up our oversight of, and engagement with, suppliers on ESG to continuously improve our impacts throughout the supply chain.
I encourage you to explore this site to learn more about our ESG performance and future goals. Marvell is scaling its business to support ongoing growth and our ESG strategy plays a vital role in sustaining responsible progress, while promoting positive impact across our supply chain, and partner and customer ecosystem.
Matt Murphy President and CEO