MKS Instruments Releases 2024 Environmental, Social, Governance Report

ESG Commitments and Progress - The company has committed to reducing its combined Scope 1 and 2 emissions by 42% by 2030 from its 2022 baseline, aligning with the Science Based Targets Initiative (SBTi) criteria [5] - The company is developing its consolidated Scope 3 emissions inventory with the goal of setting SBTi-aligned Scope 3 emissions targets, which will be submitted to SBTi for validation [5] - The company has expanded its sustainable product portfolio with innovative solutions and established a dedicated team to quantify the carbon footprints of its products and processes [5] Employee Engagement and Recognition - The company conducted its third annual global employee engagement survey, which included participation from Atotech employees post-acquisition [5] - The company launched its inaugural Employee Resource Group, Women@MKS, highlighting its focus on employee experience [5] - The company received external recognition for its sustainability efforts and responsible business practices from MSCI, Sustainalytics, and Newsweek and Statista [5] Business Overview and Technology Solutions - The company provides foundational technology solutions to leading-edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications [6] - The company's solutions improve process performance, optimize productivity, and enable unique innovations for many of the world's leading technology and industrial companies [6] - The company's solutions address challenges in advanced device manufacturing, such as miniaturization and complexity, by enabling increased power, speed, feature enhancement, and optimized connectivity [6] Reporting and Disclosures - The company's ESG Report includes relevant disclosures related to the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD) standards [7]