Press release
Analog Devices Releases 2022 Environment, Social and Governance Report
WILMINGTON, Mass.--(BUSINESS WIRE)-- Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today released its 2022 Environment, Social and
About this update from Analog Devices, Inc.
[{"type":"text","content":" WILMINGTON, Mass.--(BUSINESS WIRE)--\nAnalog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today released its 2022 Environment, Social and Governance (ESG) report. The publication highlights how ADI’s solutions benefit society and the planet, introduces a new total water withdrawn intensity goal, and continues the company’s commitment to transparent and accurate disclosures.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230713551597/en/ADI releases 2022 Environment, Social and Governance report. (Graphic: Business Wire)\n“ADI’s immensely talented, passionate, and dedicated workforce is tackling the world’s greatest challenges in partnership with our customers and partners, and we are confident there is no obstacle we can’t overcome together,” said Vincent Roche, ADI’s CEO and Chair. “We are pleased with our ESG accomplishments and how our efforts are helping our customers and partners meet their own ESG goals, however, the urgency of the issues we face means we are never satisfied. We remain thoroughly committed and optimistic about the positive impact our technologies can have for the health of humanity and the planet.”\n\n\nKey updates from the company in the 2022 report include:\n\n\n\nADI’s Solutions Benefit Society and the Planet: ADI has become a leader in designing the semiconductors and system solutions that bridge the physical and digital world for the benefit of society and the planet. ADI works with customers to co-create innovations that improve quality of life and solve pressing challenges across its end markets, which include industrial, automotive, communications, digital healthcare, and consumer. Green revenue represented about 30% of ADI’s total revenue in fiscal year 2022, increasing approximately 34% from fiscal year 2021. Roughly 30% of ADI’s R&D was green-focused, level with the company’s fiscal year 2021 green R&D.\n\n\n\nIntroduction of New 2027 Total Water Withdrawn Intensity Goal: ADI has set a new goal to achieve a 50% reduction in total water withdrawal normalized to fab production output by 2027. This goal is in addition to ADI’s progress of reaching a 25% water recycling rate in manufacturing facilities.\n\n\n\nEnhanced Transparency of Disclosures: In line with its commitment to transparent and accurate disclosures for a...