News: Optoelectronics
28 September 2022
Lumentum releases 2022 Corporate Social Responsibility report
Lumentum Holdings Inc of San Jose, CA, USA (which designs and makes optical and photonic products for optical networks and lasers for industrial and consumer markets) has issued its fiscal 2022 Corporate Social Responsibility (CSR) report, highlighting its environmental, social and governance practice and achievements, including the following:
- Planet: Lighter Impact - Commitment to Science-Based Target: Lumentum has committed to set ambitious near-term and long-term emission-reduction targets in line with climate science with the Science-Based Targets initiative (SBTi). The firm targets achieving net-zero scope 1 and 2 emissions by 2030.
- People: Positive Impact - Fostering Diversity, Inclusion, and Belonging (DIB): Lumentum is committed to fostering diverse and inclusive workplaces that value differences and inspire creativity. As part of this, Lumentum has established scholarships for students from diverse and under-represented groups in the high-tech sector and endowments at universities. Expanding Lumentum’s commitment to DIB, president & CEO Alan Lowe signed the CEO Action for Diversity & Inclusion pledge, which enlists the support of more than 2300 CEOs and leverages the business community's efforts to promote diversity and inclusion.
- Innovation: Breakthrough Impact: Lumentum owns nearly 1000 US patents and 800 foreign patents with expiration dates through 2042, with about 200 of its 600 patent applications filed in fiscal 2022. Lumentum achieved two recognitions at its Thailand Navanakorn factory; the Prime Minister’s Industry Award for Outstanding Productivity and the Responsible Business Alliance (RBA) Validated Assessment Program (VAP) Platinum Recognition, where the company achieved a perfect score of 200.
- Our Business: Lumentum placed eighth in Newsweek’s America’s Most Responsible Companies 2022 list in the Software and Telecommunications category, with an overall ranking of 122. The company received a Gold rating from sustainability rating agency EcoVadis and a Prime status rating from ESG rating agency ISS (awarded to companies with an ESG performance above the sector-specific Prime threshold).
Lumentum’s report features data and activities for fiscal year 2022 (ended 2 July). The report has been prepared with reference to the Global Reporting Initiative, Sustainability Accountability Standards Board, and Sustainable Development Goals.
