By: Susan Moore, AMD Corporate Vice President, Corporate Responsibility and International Government Affairs, and President, AMD Foundation
Submitted by AMD
For 27 years, AMD has been annually disclosing the steps we take to embed corporate responsibility (CR) across our business. In our latest CR Report, we look back on how we pushed the limits of innovation to help solve some of the world’s most important challenges, and we look forward to even bigger ambitions.
It is not just what our semiconductor technology can do that matters, but also how we develop and deliver it responsibly. To guide our efforts, we engage our stakeholders and periodically conduct materiality assessments on environmental, social and governance (ESG) issues. From this, we set long-term ESG goals spanning our operations, supply chain and products with oversight by our board of directors and executive team.
As complex developments unfolded worldwide in 2021, we continued customer collaborations, employee trainings and supplier engagements on topics related to climate change, labor and human rights. Additionally, during the year our company, employees and the AMD Foundation collectively donated more than US$2 million for scientific research, social services, environmental conservation and humanitarian aid.
We continue to implement measures that advance our ESG priorities while we focus on our financial performance. For instance, increased diversity hiring continues to be a strategic metric and milestone informing our 2021 and 2022 annual incentive plan, which is a compensation element of our Total Rewards Program. Starting in 2022, we are investing up to US$10 million in underserved U.S. communities through the CNote platform to increase economic mobility and financial inclusion. This year we also entered into a US$3 billion sustainability-linked credit facility, reinforcing our commitment to our ESG goals.
I invite you to read our new report, which has been prepared in accordance with the GRI Standards and aligns with the Sustainability Accounting Standards Board and the Task Force on Climate-related Financial Disclosures. We received external limited level assurance for 2021 data relating to our scope 1 and 2 greenhouse gas (GHG) emissions and related performance to goal, as well as scope 3 GHG emissions for business air travel.
The creativity, resiliency and collaboration of AMD employees distinguish our company’s culture. I thank my colleagues for embracing and contributing to our ESG priorities. Together with our customers and partners, we create possibilities for how our semiconductor technology can help advance an inclusive, sustainable future for our world.
For more information, please visit our CR website.
For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and Twitter pages.
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