Lumentum Releases 2023 Corporate Sustainability Report

Republished By Plato

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12 October 2023

Lumentum Holdings Inc of San Jose, CA, USA (which designs and makes optical and photonic products for optical networks and lasers for industrial and consumer markets) has issued its fiscal 2023 Corporate Sustainability Report, highlighting its environmental, social and governance progress and achievements.

“I am extremely proud of the significant progress made on many of the company’s sustainability goals, especially during a year with multiple acquisitions and new product introductions,” says president & CEO Alan Lowe.

Highlights include:

Planet – Lighter Impact: Progress on Climate Goals During an Acquisition Integration Year: Lumentum continues to make substantial progress on its goal of achieving net-zero Scope 1 and 2 emissions by 2030, and remains committed to aligning its emission reduction targets with the Science-Based Targets initiative (SBTi).

Achieved a 25% decrease in Scope 1 and 2 greenhouse-gas (GHG) emissions compared with fiscal 2022, despite the integration of two acquisitions and subsequent expansion in facility footprint.
Doubled the percentage of renewable energy sourced for global operations, from 31% to 61% in fiscal 2023.
Transitioned three additional sites to 100% renewable electricity, bringing the total to 11 sites.

People – Positive Impact: New Career Development and Diversity, Inclusion, Belonging (DIB) Programs: Lumentum says that it is committed to enabling its workforce to thrive, while fostering a diverse and inclusive culture where all employees feel welcomed and supported.
Among the new programs and initiatives established in fiscal 2023 to fulfill this commitment were:

The introduction of four new Employee Resource Groups (ERGs) to create a diverse and supportive working environment.
The launch of multiple new leadership development certificate programs in partnership with Duke University, including the Aspire Certificate Program that was completed by nearly 100 early career professionals around the world.
An expanded Lumentum mentorship program, encompassing over 330 participants, to advance employee growth and retention.

Innovation – Breakthrough Impact: Significant Power Reduction Realized across Multiple Product Lines: Lumentum says that technology innovation is core to its commitment to improving the energy efficiency and power consumption of its products, while still enabling high-speed connectivity for customers and end users.
Newly designed products in fiscal 2023 included significant advancements such as:

Wavelength-selective switch (WSS) TrueFlex products, which achieved 20-50% power reduction per switching capacity through innovative design improvements and functional integration.
High-speed digital coherent optical data transmission modules used in internet backbone applications, which achieved a 79% reduction in relative power (W/Gb) usage (Gen 3 800G versus 100G).
200G PAM4 externally modulated lasers (EMLs), which were recognized in the 2023 Lightwave Innovation Reviews for providing innovative and cost-effective solutions that lower power consumption for the industry. The Lightwave award marks the second industry win for the company’s EML products, following last year’s award from the European Conference on Optical Communication (ECOC 2022) for the ‘Data Center Innovation/Best Product of 2022’ award.

“It takes constant effort, over time, to enact lasting change when it comes to sustainability initiatives,” notes Lowe. “We remain committed to consistently monitoring our progress and improving our processes year over year to achieve our long-term goals,” he adds.

The report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards for sustainability impacts, applies the standards of the Sustainability Accounting Standards Board (SASB), and references the United Nations Sustainable Development Goals (UN SDGs).

See related items:

Lumentum appoints sustainability and innovation expert as independent board member

Lumentum releases 2022 Corporate Social Responsibility report

Lumentum joins CEO Action for Diversity & Inclusion

Tags: Optical communications

Visit: www.lumentum.com