Press release
Microchip Releases Its 2023 Sustainability Report Highlighting Its Environmental Stewardship and Social Impact
CHANDLER, Ariz., June 26, 2024 (GLOBE NEWSWIRE) -- One of Microchip’s Guiding Values is “Professional Ethics and Social Responsibility Are Practiced,” which
About this update from Microchip Technology Incorporated
[{"type":"text","content":"CHANDLER, Ariz., June 26, 2024 (GLOBE NEWSWIRE) -- One of Microchip’s Guiding Values is “Professional Ethics and Social Responsibility Are Practiced,” which means that the company manages its business and treats its customers, employees, shareholders, investors, suppliers, channel partners, community and government in a manner that exemplifies honesty, ethics and integrity. To demonstrate its commitment to this value and to provide transparency to its employees, customers and all other stakeholders, Microchip Technology (Nasdaq: MCHP) has released its 2023 Sustainability Report which details its environmental and social impact programs. Microchip’s Environmental, Social and Governance (ESG) projects are aligned with its business objectives and are implemented to catalyze positive change throughout its value chain via strategic initiatives, strong collaboration with partners and ambitious goals. The company consistently invests in its global workforce and endeavors to drive economic growth, while preserving natural resources and paving the way for a sustainable tomorrow for future generations. “Our vision to be the leading supplier of smart, connected and secure embedded control and processing solutions includes a corporate commitment to acting in an ethical and responsible way. This permeates what we do, from day-to-day operations to ethical global supply chains to investing and developing new technologies and products to ensure a more sustainable world,” said Ganesh Moorthy, president and CEO of Microchip. “We have a dedicated Sustainability Megatrend team that is focused on empowering innovation for our customers through a wide range of products and solutions that help reduce power consumption, increase efficiency and reduce waste.” The company’s 2023 Sustainability Report outlines its ESG efforts and progress across five tenets, referred to as Microchip’s 360° Sustainability Approach. The five tenets include: Our Company, Our Planet, Our Supply Chain, Our Products and Our People. “To protect our planet, we seek innovative and meaningful ways to improve our environmental impact in four essential areas: greenhouse gas emissions, energy efficiency, water management and waste diversion,” said Ewa Rickey, associate director of Microchip’s ESG program. “Our 2023 Sustainability Report demonstrates our dedication to being a good corp...