Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced the publication of its fiscal 2023 Corporate Sustainability Report, highlighting the company's environmental, social, and governance progress and achievements.
"During fiscal 2023, our talented teams around the world worked together to accelerate the design and development of cutting-edge processes and innovative products that improve lives and contribute to a more sustainable world," said Lumentum President and CEO Alan Lowe. "I am extremely proud of the significant progress made on many of the company's sustainability goals, especially during a year with multiple acquisitions and new product introductions."
Highlights from Lumentum's fiscal 2023 Corporate Sustainability Report include:
Planet ? Lighter Impact: Progress on Climate Goals During an Acquisition Integration Year
Lumentum continues to make substantial progress on its aggressive goal of achieving net-zero Scope 1 and 2 emissions by 2030, and remains committed to aligning its emission reduction targets with the Science-Based Targets initiative (SBTi).
People ? Positive Impact: New Career Development and Diversity, Inclusion, Belonging (DIB) Programs
Lumentum is committed to enabling its workforce to thrive, while fostering a diverse and inclusive culture where all employees feel welcomed and supported.
Among the many new programs and initiatives established in fiscal 2023 to fulfill this commitment were:
Innovation ? Breakthrough Impact: Significant Power Reduction Realized across Multiple Product Lines
At Lumentum, technology innovation is core to the company's commitment to improving the energy efficiency and power consumption of our products, while still enabling high-speed connectivity for our customers and end users.
Newly designed products in fiscal 2023 included significant advancements such as:
"There is so much to celebrate in this year's fiscal 2023 Corporate Sustainability Report, which showcases the many ways our breakthrough advancements and innovative solutions are transforming how people connect, create, and interact. We also recognize that it takes constant effort, over time, to enact lasting change when it comes to sustainability initiatives. We remain committed to consistently monitoring our progress and improving our processes year over year to achieve our long-term goals, on our journey to create a brighter future for the world we live in," said Lumentum President and CEO Alan Lowe.
More highlights can be found in the full fiscal 2023 Corporate Sustainability Report, along with detailed data and additional activities from our fiscal 2023 which ended July 1, 2023. This report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards for sustainability impacts, applies the standards of the Sustainability Accounting Standards Board (SASB), and references the United Nations Sustainable Development Goals (UN SDGs).
About Lumentum
Lumentum (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide. Lumentum optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum lasers enable advanced manufacturing techniques and diverse applications including next-generation imaging and sensing capabilities. Lumentum is headquartered in San Jose, California with R&D, manufacturing, and sales offices worldwide. For more information, visit www.lumentum.com and follow Lumentum on LinkedIn, X (formerly known as Twitter), Facebook, Instagram and YouTube.
These press releases may also interest you
|