Lam Research Corp. (NASDAQ: LRCX) was named to the DJSI North America for the first time. DJSI North America recognises the top 20% of U.S. and Canadian companies for sustainability.

Launched in 1999, the Dow Jones Sustainability Indices (DJSI) are widely considered to be among the world’s leading benchmarks for corporate sustainability. The DJSI is reconstituted and compiled annually based on a Corporate Sustainability Assessment (CSA) conducted by S&P Global, which evaluates the environmental, social and governance (ESG) performance of participating companies over the preceding year. In 2021, more than 10,000 publicly traded companies were invited to participate in the S&P Global CSA.

"We congratulate Lam Research for being included in the Dow Jones Sustainability Index for North America,”

said Manjit Jus, Global Head of ESG Research, S&P Global.

“A DJSI distinction is a reflection of being a sustainability leader in your industry. The record number of companies participating in the 2021 S&P Global Corporate Sustainability Assessment is testament to the growing movement for ESG disclosure and transparency."

Lam’s inclusion in the 2021 DJSI North America underscores the company’s expanding focus and investments in ESG initiatives, in particular its efforts to increase the rigor of its inclusion and diversity, cybersecurity, ethics, and corporate governance programs. Earlier this year, Lam also announced two new ambitious sustainability goals: to operate on 100% on renewable energy by 2030, and to achieve carbon net zero by 2050.

“Lam Research is proud to join the Dow Jones Sustainability Index for North America in recognition of our corporate sustainability achievements,”

said Tim Archer, president and chief executive officer of Lam Research.

“We believe our investments in ESG are critical, not only to Lam’s innovation and business success, but also to the continued viability of the semiconductor industry and the betterment of society as whole. This is an important milestone in our continuing journey to create a more sustainable world and we look forward to building on this momentum in the coming year.”

To learn more about Lam’s ESG programs and achievements, read the company’s 2020 ESG Report and visit https://www.lamresearch.com/company/environmental-social-governance/.

Source: Lam Research news