KLA Earns Third-Party Validation of Near-term, Science-based GHG Emissions Targets and Releases Annual Global Impact Report

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[{"type":"text","content":"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.\n\nIn 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.\nAfter 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.\n\"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.\"\nIn 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.\n\"In much the same way we approach problem-solving with our customers, our Scope 3 goal is p...

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