MILPITAS, Calif., Aug. 14,
2024 /PRNewswire/ -- KLA Corporation (NASDAQ:
KLAC), a leading equipment and services company for the
semiconductor industry, today announced that its near-term targets
to reduce greenhouse gas (GHG) emissions by 2030 have been approved
by the Science Based Targets initiative (SBTi), capping a two-year
effort by KLA's product teams who modeled and measured efficiency
metrics to reach this point.
In collaboration with customers and suppliers, in 2022 KLA first
announced its commitment to reduce Scope 1 and 2 GHG emissions 50%
by 2030 from a 2021 baseline. In addition, at that time the company
announced a goal to use 100% renewable electricity across global
operations by 2030. The company also began to model efficiency
metrics and product roadmaps in order to set a goal for Scope 3
emissions reduction.
After applying these methodologies, the company committed to
decreasing Scope 3 emissions from the use of sold products
by 52% per billion transistors inspected, measured or
processed by customers operating KLA products at their
manufacturing sites by 2030 from a 2021 baseline. SBTi has
validated KLA's near-term, science-based targets.
"Our intimate customer collaboration gives KLA unique insights
into the challenges facing the industry, and this extends to how we
think about measuring ourselves and our collective impact on the
environment," said Ahmad Khan,
president, Semiconductor Process Control, Electronics, Packaging
and Components, and KLA Instruments. "The SBTi acceptance of KLA's
proposed science-based targets is exciting for us, and we believe
it also helps establish a clear benchmark for others in our
industry so that we might accelerate our work toward reduced
emissions and better performance."
In parallel, KLA has released its annual Global Impact Report
for 2023, which provides stakeholder groups with a more detailed
look at the company's overall performance against stated ESG goals
over the last calendar year. In addition to a summary of the work
supporting SBTi targets, the Global Impact Report includes updates
on initiatives related to talent, corporate governance, community
engagement and leadership. More information about
KLA's progress and continued commitments can be found at
KLA.com.
"In much the same way we approach problem-solving with our
customers, our Scope 3 goal is powered by the advances in
technology to increase our efficiency, building on KLA's 48-year
heritage of offering leading solutions that can improve product
yield and reduce waste across the semiconductor industry," said
John McLaughlin, global ESG leader,
KLA. "With our near-term targets validated by SBTi, we have a clear
metric to guide our sustainability journey, and we look forward to
continuing to provide customers with solutions that help them meet
their climate goals."
About KLA:
KLA Corporation ("KLA") develops
industry-leading equipment and services that enable innovation
throughout the electronics industry. We provide advanced process
control and process-enabling solutions for manufacturing wafers and
reticles, integrated circuits, packaging and printed circuit
boards. In close collaboration with leading customers across the
globe, our expert teams of physicists, engineers, data scientists
and problem-solvers design solutions that move the world forward.
Investors and others should note that KLA announces material
financial information including SEC filings, press releases, public
earnings calls and conference webcasts using an investor relations
website (ir.kla.com). Additional information may be found at:
www.kla.com.
Note Regarding Forward-Looking Statements:
Certain
statements in this press release contain forward-looking
statements. You can identify these and other forward-looking
statements by the use of words such as "will," "expects," "plans,"
"seeks," "commits," "target," "goal," "pledge" or the negative of
such terms, or other comparable terminology. Such statements may
include, but are not limited to, statements pertaining to: the
performance, impact, and benefits of our products and technologies;
our strategies; our priorities, goals, and objectives; and other
predictions and estimates, including our Scope 1, 2 and 3 GHG
emissions goals and our renewable electricity goals.
Forward-looking statements also include the assumptions underlying
or relating to any of the foregoing statements. These
forward-looking statements are based on current information and
expectations and involve a number of risks and uncertainties. We
claim the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995 for all forward-looking statements. Actual results and
actual events may differ materially from those projected in such
statements due to various factors, including but not limited to:
our ability to achieve the various environmental, social and
corporate governance plans, goals and commitments set forth in this
report and unexpected delays, difficulties, and expenses in
executing against such plans, goals and commitments; and impacts of
climate change or of any actions, by various parties, taken to
mitigate or adapt to climate change.
Additionally, certain of the standards and metrics used, and the
expectations and assumptions they are based on, have been subject
to certain internal and third-party verification procedures.
However, certain disclosures may be based on assumptions or
estimates due to inherent measurement uncertainties. Standards and
metrics used, including any underlying data used in preparing such
metrics, continue to evolve and are based on expectations and
assumptions believed to be reasonable at the time of preparation,
but should not be considered guarantees. We expect methodologies,
including regarding the calculation of greenhouse gas emissions and
associated reductions, to continue to evolve and we cannot
guarantee that our approach will align with the preferences of any
particular stakeholder. Moreover, our disclosures based on any
standards may change due to revisions in framework requirements,
availability of information, changes in our business or applicable
governmental policies, or other factors, some of which may be
beyond our control. We cannot guarantee that our statements or
underlying methodologies may align with the expectations of any
particular stakeholder. We also refer you to those factors
discussed in "Risk Factors" included in documents that we file from
time to time with the SEC, including KLA's Annual Report on Form
10-K for the fiscal year ended June 30,
2024, and other subsequent filings with the Securities and
Exchange Commission (including, but not limited to, the risk
factors described therein). All forward-looking statements
attributable to us or persons acting on our behalf are expressly
qualified in their entirety by all these factors. KLA Corporation
assumes no obligation to, and does not currently intend to, update
these forward-looking statements. You should not place undue
reliance on any forward-looking statement. We do not have, and
expressly disclaim, any obligation to update or revise any
forward-looking statements to reflect the impact of circumstances
or events that arise after the date the forward-looking statements
were made.
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SOURCE KLA Corporation