SAN JOSE, Calif., Aug. 26, 2021 /PRNewswire/ -- Lumentum
Holdings Inc. ("Lumentum") today released its inaugural Corporate
Social Responsibility Report, covering the company's commitment to
a sustainable future and its performance against its sustainability
goals. Lumentum corporate social responsibility is built on three
main pillars: reducing its impact on the environment, having a
positive impact on people, and innovating for breakthrough impacts
for its business and the world.
Lumentum has committed to environmental, social, and governance
standards that are aligned with the U.N. Sustainable Development
Goals (SDGs) across its value chain. Lumentum is taking on a range
of challenges to create a more sustainable future including
committing to net-zero greenhouse gas emissions by 2030, building a
diverse and inclusive culture, responding to the COVID-19 pandemic
with flexibility and support for employees, driving continuous
improvement in all areas of its business, and driving breakthrough
innovation within the organization.
"Being responsible corporate citizens and being transparent and
accountable for our impact to society is very important to Lumentum
and its employees in our mission to create a brighter future," said
President and CEO, Alan Lowe. "This
report details our ingrained philosophy of doing what is right to
improve the world by measuring and managing our social and
environmental impacts with great care, transparency, and
dedication."
Net-Zero Greenhouse Gas Emissions by 2030
Lumentum recognizes the effort needed globally to address the
impact of climate change and has begun including climate change
goals and metrics in its business objectives. Lumentum has
committed to achieving a target of net-zero scope 1 and 2
greenhouse gas emissions by 2030. Moving toward achieving this
goal, Lumentum has transitioned its San
Jose headquarters, a new R&D facility in Milan, Italy, and a manufacturing site in
Škofljica, Slovenia to 100%
renewable electricity.
"This report marks a major milestone in Lumentum's
sustainability and compliance journey as it naturally couples our
zero-defect company culture with a laser focus to achieve net-zero
emissions, remove waste, and energize our people while delivering
value to all the stakeholders," said Senior Vice President Global
Operations and Chief Quality Officer Misha
Rozenberg.
Diversity, Inclusion, and Belonging: Embracing Our
Differences, Together
As a global, multicultural company driven by innovation,
Lumentum is building a diverse and inclusive culture where
differences are valued, and employees feel they belong. Lumentum's
focus on diversity, inclusion, and belonging is felt across the
entire organization. Lumentum believes that employee and thought
diversity delivers more innovation and ultimately better business
results.
In alignment with the U.N. SDGs, Lumentum is committed to
ensuring equal treatment and pay of employees regardless of gender.
The company analyzes pay equity quarterly as a standard practice in
the company's global compensation program. Additionally, Lumentum
has established goals to increase the representation of several
underrepresented populations in the company and has exceeded its
goal of 10% Black/African American representation of new hires and
increased the percentage of women in senior leadership positions to
nearly 21%. Lumentum also exceeded its early career hire goals with
48% of our new employees being within the first five years of their
career.
Rising to the Challenge: COVID-19 Response
Protecting the health and safety of its workforce while meeting
the needs of its customers has always been Lumentum's top priority.
Through the course of the COVID-19 pandemic, the company
proactively implemented new processes to protect employees and
their families. In advance of government lockdowns and national
requirements, employees who were able to perform their job
functions remotely were transitioned to working from home. Lumentum
also offered employee assistance programs, additional compensation
for essential workers, stipends for internet expenses and ergonomic
assessments, and "thank you" days off where all employees were
given the same day off worldwide to relax and recharge.
Zero-Defect Culture
In 2017, Lumentum began its journey to reinvent its culture by
implementing a zero-defect mindset throughout the organization. The
company focused on driving organizational excellence through
proactive, data-driven, quality-first systems and processes using
the fundamentals of Kaizen, or continuous improvement. A
demonstration of the company's successful quality culture is seen
at Lumentum's Navanakorn, Thailand
factory. This greenfield site, from its beginning, adopted a
zero-defect culture focused on continuous improvement. Within three
years of opening, the site received Thailand's Prime Minister's Industry Award for
Outstanding Achievement in Quality Management, faster than any
other factory in the history of the award.
Innovation for a Brighter Future
Innovation is central to Lumentum's business strategy and
company culture. The company's history of innovation is seen in its
product leadership positions and comprehensive intellectual
property portfolio, which includes nearly 1,000 US patents, over
850 foreign patents, and roughly 600 patent applications pending
around the world. Employees are recognized and rewarded for
discovering original and creative ways to address challenges.
Lumentum is creating a brighter future by accelerating photonic
innovation and placing a concerted effort to reduce its impact on
the environment and have a positive impact on people. In doing so,
Lumentum believes it will have stronger long-term economic
performance and help create a more sustainable future for its
employees, shareholders, customers, suppliers, and all of
society.
About Lumentum
Lumentum (NASDAQ: LITE) is a market-leading designer and
manufacturer of innovative optical and photonic products enabling
optical networking and laser applications worldwide. Lumentum
optical components and subsystems are part of virtually every type
of telecom, enterprise, and data center network. Lumentum lasers
enable advanced manufacturing techniques and diverse applications
including next-generation 3D sensing capabilities. Lumentum is
headquartered in San Jose,
California with R&D, manufacturing, and sales offices
worldwide. For more information, visit www.lumentum.com.
For its efforts in corporate social responsibility, Lumentum has
been recognized for two years in a row as one of Barron's Top 100
Most Sustainable Companies
Contact Information:
Investors: Jim Fanucchi,
408-404-5400; investor.relations@lumentum.com
Media: Sean Ogarrio, 408-546-5405;
media@lumentum.com
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