News: Optoelectronics
5 November 2024
Lumentum releases 2024 Corporate Sustainability 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 fourth annual Corporate Sustainability Report, for fiscal 2024 (ended 29 June), showcasing its environmental, social and governance achievements. Highlights include:
Planet – Continued Momentum and Expansion of Climate Change Initiatives
Lumentum says that it made notable advances over the past fiscal year toward achieving net-zero Scope 1 and Scope 2 emissions by 2030. Additionally, it expanded its commitment to reduce Scope 3 emissions by submitting targets to the Science-Based Targets initiative (SBTi). Accomplishments in fiscal 2024 included:
- Reduced Scope 1 and Scope 2 greenhouse-gas emissions by 38% compared with fiscal 2023, despite a new company acquisition.
- Increased procurement of renewable electricity to 79%, up from 61% in fiscal 2023.
- Transitioned three more sites to 100% renewable electricity, bringing the total to 14 sites.
- Began solar power generation at two major sites: Navanakorn, Thailand and San Jose, California, USA.
- Expanded its ISO 14001 certification to three additional manufacturing sites, increasing the total number of certified sites to eight.
People – Focus on Career Development, Inclusion, and Health and Safety
Lumentum says that it is investing in its people by encouraging and supporting professional development, fostering an inclusive culture and ensuring a safe working environment. Fiscal 2024 highlights include:
- Engaged nearly 250 participants in its employee mentorship program.
- Awarded 20 scholarships to under-represented minority student interns in the USA and Canada.
- Supported more than 230 staff globally through leadership certificate programs.
- Expanded ISO 45001 certification to three additional manufacturing sites, increasing the total number of certified sites to eight.
Innovation – Efficiency and Performance Gains Across Products
Lumentum says that it is continually improving products and processes to deliver value to customers while upholding quality, safety and efficiency. Fiscal 2024 saw the implementation of new product innovations and processes, including:
- Integrated product design Kaizen events early in the new product introduction (NPI) cycle, improving product and process designs across multiple sites.
- Reduced power consumption (power per Terahertz) by 45% in the TrueFlex Twin 16X24 wavelength-selective switch (WSS) product, while still achieving double the switching capacity in optical networks.
- Reduced power consumption of 200G PAM4 externally modulated lasers (EMLs) by 77% per Gbps of optical bandwidth compared with the previous generation of 100G EMLs.
- Filed over 280 new patent applications.
“With ambitious targets recently submitted to the Science-Based Targets initiative, we are committed to continuously raising the bar and driving sustainable growth, which is important to our customers, employees, and communities,” says president & CEO Alan Lowe.
Lumentum awarded EcoVadis Platinum Medal for sustainability performance
