Business
Nova Releases Its First ESG Insight Review
REHOVOT, Israel, April 4, 2023 /PRNewswire/ -- Nova (NASDAQ: NVMI), a leading innovator and a key provider of metrology solutions for advanced process control
About this update from Nova Ltd.
[{"type":"text","content":"REHOVOT, Israel, April 4, 2023 /PRNewswire/ -- Nova (NASDAQ: NVMI), a leading innovator and a key provider of metrology solutions for advanced process control used in semiconductor manufacturing, today announced that it has published the Company's first Environmental, Social, and Governance (ESG) Insight Review. The Review provides details on the Company's ESG strategy and its principles.\n\"Nova's sustainable growth over the years is based on our ability to combine a unique people-centric culture with a distinctive innovative technology and advanced social engagement programs for the benefit of societies around us,\" said Gaby Waisman, President and CEO of Nova. \"We are working towards embedding ESG principles into our operating model, business management and decision-making processes, leveraging our journey from 'Dream to Win', which are the core values of the Company.\"\n\"As a public company, Nova recognizes its corporate responsibility to achieve success while also creating a positive impact on society and the environment. Nova aspires to continue its growth trajectory by positively impacting the world around us, creating meaningful social impact, and exhibiting ethical and responsible behavior for the benefits of society and its stakeholders,\" said Eitan Oppenhaim, Executive Chairman of Nova's Board of Directors.\nThe review reflects a strategic process outcome that identified the significant ESG topics for Nova and sets clear goals and milestones for the next few years. It is also a major milestone on the Company's journey toward meeting the goals of the 'Nova 1B' strategic plan.\nNova's vision is to become a more active influencer in creating a sustainable and equitable future. The ESG strategy is built on four pillars that the Company aims to interlace across its daily operations and culture:\nGovernance – elevating ethical and corporate governance methods.People and Social Impact – with a focus on both the individual and the surrounding communities.Innovative Approach – connecting technical roadmap to unique culture for long-term impact.Environment and Supply Chain – managing efficiently footprint, energy and sustainable supply chain.The review was composed in accordance with the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) guidelines, and the United Nations Sustainable Deve...