Press release
Micron Releases 2021 ‘For All’ Report, Charting Significant Achievements Across Global Company Commitments to Diversity, Equality and Inclusion
Sharpened focus on accountability and transparency reflected in fourth-annual report and first-time disclosure of EEO-1 diversity and pay data BOISE, Idaho,
About this update from Micron Technology, Inc.
[{"type":"text","content":"Sharpened focus on accountability and transparency reflected in fourth-annual report and first-time disclosure of EEO-1 diversity and pay data\nBOISE, Idaho, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced the release of its fourth annual diversity, equality and inclusion (DEI) report, highlighting significant accomplishments and efforts across six DEI commitments that Micron introduced in last year’s report. The commitments hold the company accountable for diversifying Micron’s workforce, driving equitable pay and benefits, strengthening the culture of inclusion and creating an equal voice for all. Additionally, the company publicly disclosed its consolidated Equal Employment Opportunity (EEO-1) data for the first time.1 “We’re proud to have achieved nearly every goal we set and to have made significant progress across all our DEI commitments,” said Micron Chief People Officer April Arnzen. “This work is critically important to our company and stems from our firm belief that DEI spurs innovation, advances our corporate mission, drives market competitiveness and is the right thing to do for all.” Micron “For All: DEI Annual Report 2021” Highlights Micron increased female representation at all levels around the world. In India, Malaysia and Taiwan, the number of female employees now exceeds semiconductor industry benchmarks. The company also reached 50/50 gender parity on its board of directors. In March, Micron achieved comprehensive global pay equity for all underrepresented groups, eliminating statistically significant differences in base pay, cash bonuses and stock awards among veteran, Black or Hispanic/Latino employees in the United States, as well as for gender and for people with disabilities globally. Micron added DEI targets to our annual incentive plan goals for employees and executives. This change tied employee and executive compensation to Micron’s overall DEI goals and commitments for the first time. These goals encompassed our efforts to increase representation of underrepresented groups, achieve comprehensive pay equity and increase our inclusion index score in our engagement survey. Micron also doubled membership in our employee resource groups (ERGs), which are employee-led, volunteer-driven groups centered around shared identities or experiences. This growth results from...