Veeco Instruments Inc. unveiled its Environmental, Social, and Governance (ESG) goals for 2022 and beyond, showcasing the company’s on-going commitment to corporate social responsibility. The goals, based on feedback received from the company’s stakeholders and results of their 2021 materiality assessment, relate to climate change, product responsibility, diversity and inclusion and responsible corporate governance.

Environment

• Source 50% renewable energy for U.S. operations by 20301
• By 2025, reduce normalized emissions from heating and purchased electricity (scope 1 and 2) by 10% in the U.S. from a 2021 baseline2
• Introduce a comprehensive hazardous chemical management program focused on REACH, RoHS, and TSCA, partnering with a global leader to assist in compliance3

Social

• Increase the representation of women at Veeco in the U.S. to 20% by 2025
• Increase the number of women and underrepresented employees at Veeco
• Continue to support diversity in science, technology, engineering and math (STEM) education through our Veeco STEM Scholarship fund in partnership with the National Association for the Advancement of Colored People (NAACP)
• Make a material difference in our local communities through outreach and volunteerism

Governance

• Continue to expand and align our ESG disclosures with international frameworks and rating agencies

See related article: M.D.C. Holdings, Inc. Releases First Environmental, Social and Governance (ESG) Report

“These goals build on the progress Veeco has made since the release of our first Sustainability Report in 2020,” commented Bill Miller, Veeco’s Chief Executive Officer. “Our long-term ability to execute on our vision of enabling a future where technology improves the human experience is dependent on our corporate sustainability. We believe these goals demonstrate our commitment to sustainability by addressing the concerns of our stakeholders, improving our culture of inclusion, and minimizing our impact on the environment. I thank the entire Veeco United team for their continued dedication to our ESG efforts.”

Source: Veeco Instruments Inc.