KLA's ESG Strategy and Impact Areas
KLA's ESG strategy revolves around four strategic pillars aimed at advancing opportunity, innovation, environmental stewardship, and leadership. Specific focus areas and objectives within these pillars drive ESG investments across the value chain, covering people, operations, products, services, and partnerships. The company has set near-term, science-based targets approved by the Science Based Targets initiative (SBTi) to reduce absolute Scope 1 and 2 emissions by 50% by 2030 from the 2021 baseline and decrease Scope 3 GHG emissions from their sold products by 52% per billion transistors within the same timeframe.
KLA's Impact in Various Areas
Under the strategic pillars, KLA highlights its impact in different areas such as advancing leadership by being named a top company for women by Forbes magazine, advancing innovation with a significant investment of $4.4 billion in R&D over the past four years, advancing opportunity through total community giving of $7.4 million in 2023, and advancing stewardship by sourcing 64% of purchased electricity from renewable sources in 2023. The company's commitment to sustainability is showcased through various initiatives and partnerships that aim to reduce their carbon footprint and promote sustainable practices.
KLA's Sustainability Commitment
Built on a foundation of innovation, KLA prioritizes helping customers achieve their goals with innovative tools and equipment while reducing waste and greenhouse gas emissions. The company emphasizes partnership and collaboration with customers to deliver products and services that enable better practices and products. KLA's sustainability commitment is highlighted through their near-term, science-based targets validated by SBTi, aiming for 100% renewable electricity by 2030 and net-zero Scope 1 and 2 emissions by 2050. The Global Impact Report emphasizes KLA's dedication to advancing humanity through leadership, opportunity, innovation, and stewardship.
KLA Foundation and ESG Resources
The KLA Foundation focuses on advancing humanity by investing in communities for more equitable, inclusive, and accessible outcomes. The foundation collaborates with organizations to create sustainable change and encourages employee involvement in causes that matter to them. In addition, KLA provides ESG resources such as CDP Reports, Global Human Rights Standards, and policies like the Water & Waste Policy, showcasing the company's commitment to environmental and social responsibility. These initiatives align with KLA's mission to proactively manage their ESG impacts and drive positive change.