Microchip Releases Its 2023 Sustainability Report Highlighting Its Environmental Stewardship and Social Impact

Core Viewpoint - Microchip Technology emphasizes its commitment to professional ethics and social responsibility through its 2023 Sustainability Report, which outlines its environmental and social impact initiatives [1][2]. Group 1: Sustainability Initiatives - The 2023 Sustainability Report details Microchip's ESG efforts across five tenets: Our Company, Our Planet, Our Supply Chain, Our Products, and Our People [2]. - The company aims for a 50% reduction in Scope 1 and 2 Greenhouse Gas (GHG) emissions by 2030 and to achieve Net Zero by 2040 [3]. - Microchip has completed a 3.8 MW floating solar farm in Thailand and signed a 20-year Power Purchase Agreement (PPA) to source 16% of its electricity from this facility [3]. - The company applies a Supply Chain Management Approach to assess the practices and ethics of supply chain partners, ensuring transparency and minimizing risk [3]. - Microchip promotes a diverse and inclusive workplace, focusing on employee well-being and professional development [3]. - The company engages in community initiatives, including charitable donations, employee volunteer hours, and support for STEM education and the FIRST® Robotics program [3]. Group 2: Recognition and Commitment - Microchip has received recognition from various third-party publications, including being named one of "America's Most Responsible Companies" by Newsweek and a "World's Top Female-Friendly Companies" by Forbes/Statista [3]. - The company’s vision includes a commitment to ethical and responsible operations, which is reflected in its day-to-day activities and global supply chain practices [6]. - Microchip's Sustainability Megatrend team focuses on developing innovative solutions that contribute to sustainability in areas such as energy generation and sustainable urban development [11].