Entegris Expands Impact Across Corporate Social Responsibility Priorities

Rhea-AI Summary

Entegris (Nasdaq: ENTG) released its 2021 Corporate Social Responsibility (CSR) report, titled Collaborative Innovation to Build a Better Tomorrow, detailing progress toward its 2030 goals. The report highlights advancements in four key areas: Innovation, achieving 100% alignment of new products with U.N. Sustainable Development Goals; Safety, reporting a record low total recordable incident rate of 0.51; Personal Development, investing over $8 million in diversity programs; and Sustainability, aiming for a 15% reduction in energy consumption. Entegris plans to update its CSR strategy following the acquisition of CMC Materials.

Positive

• Achieved 100% alignment of new product development with U.N. Sustainable Development Goals.
• Recorded a total recordable incident rate (TRIR) of 0.51, a 31% decrease from 2020.
• Invested over $8 million in scholarship and diversity initiatives since 2020.
• Completed energy audits leading to a planned 15% reduction in energy consumption.

Negative

• Future CSR strategy updates are contingent upon the evaluation following the CMC Materials acquisition.

2021 Report Outlines Progress Against 2030 Goals

BILLERICA, Mass.--(BUSINESS WIRE)-- Entegris (Nasdaq: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and other high-tech industries, today issued its latest Corporate Social Responsibility (CSR) report. The report, Collaborative Innovation to Build a Better Tomorrow, is available online. It provides a comprehensive overview of Entegris’ progress toward reaching its 2030 CSR goals and outlines the company’s continued progress across the four pillars of its CSR strategy: Innovation, Safety, Personal Development and Inclusion, and Sustainability.

Entegris publishes latest CSR Report -- Collaborative Innovation To Build A Better Tomorrow (Graphic: Entegris)

“For the second year in a row, the approach we brought to our CSR strategy is guided by our vision to use advanced science to enable technologies that transform the world,” said Bertrand Loy, president and CEO of Entegris. “The goals we set in 2020 for our 2030 commitment are achievable—especially when we consider our progress—but we’ll need to continue to work together as we confront a new set of global challenges and look to the future.”

Entegris’ products and solutions are key enablers in the production of semiconductors and help address a wide range of societal challenges—from the democratization of technology to the development of electric vehicles to help fight climate change to the advancement of AI in modern medicine. Collaborative Innovation to Build a Better Tomorrow demonstrates how Entegris has continued to approach forward-thinking innovation holistically in both its business strategy and operations.

Highlights within the report include:

Innovation:

• Aligned 100% of new product development portfolio with at least one of the United Nations Sustainable Development Goals (U.N. SDGs).
• Leveraged decades of experience in pure materials handling in the semiconductor industry to develop low-temperature Aramus™ storage bags that have enabled the distribution of roughly three billion COVID-19 vaccine doses around the world.

Safety:

• Reported a total recordable incident rate (TRIR) of 0.51, which is the lowest TRIR in Entegris’ history and represents a 31% decrease from 2020.
• In a recent survey, 90% of our colleagues said “Entegris is a safe place to work.”

Personal Development and Inclusion:

• Overall, Entegris has invested more than $8 million in its scholarship, internship, and co-op program since 2020.
• 42% new hires in engineering roles were women and/or individuals from underrepresented groups and 38% of our board of directors is now comprised of diverse members, moving us toward achieving 50% diversity by 2030 for both goals.

Sustainability:

• Completed energy and water use audits at the company’s largest manufacturing plants and created detailed plans for conservation projects. These projects have helped contribute to a 15% reduction in energy consumption from the 2020 baseline.
• Continued construction in Taiwan on Entegris’ newest global manufacturing facility that aims to conserve 63 million gallons of water annually, a reduction of more than 50% of water use (per Entegris revenue dollar) compared to equivalent operations at other Entegris locations.

Entegris’ CSR strategy is aligned with the UN Sustainable Development Goals (UN SDGs) and the Sustainability Accounting Standards Board (SASB) standards. More information about SASB metrics can be found at the end of the report.

With the completed acquisition of CMC Materials in 2022, Entegris will evaluate its CSR strategy and 2030 goals holistically to address the economic, environmental, and social impacts of the combined organization and will provide an update on these goals in the second half of 2023.

About Entegris: 
Entegris is a leading supplier of advanced materials and process solutions for the semiconductor and other high-tech industries. Entegris has approximately 10,000 employees throughout its global operations and is ISO 9001 certified. It has manufacturing, customer service and/or research facilities in the United States, Canada, China, France, Germany, Israel, Italy, Japan, Malaysia, Singapore, South Korea, Taiwan, and the United Kingdom. Additional information can be found at www.entegris.com.

Cautionary Note on Forward Looking Statements 
This news release contains “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would” or the negative thereof and similar expressions are intended to identify such forward-looking statements. These statements include those related to Entegris' 2030 CSR goals, plans to achieve such goals and reporting related thereto; the focus of Entegris' engineering, research, and development projects; Entegris' ability to execute on its business strategies, including with respect to Entegris' expansion of its presence globally; and other matters. Forward-looking statements address matters that are, to varying degrees, uncertain and subject to risks, uncertainties and assumptions, many of which that are beyond Entegris' control, that could cause actual results to differ materially from those expressed in any forward-looking statements. These risks and uncertainties include, but are not limited to, those that are described in Entegris' filings with the Securities and Exchange Commission, including under the heading “Risks Factors” in Item 1A of Entegris' Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the Securities and Exchange Commission on February 4, 2022, and in Entegris' other periodic filings. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, Entegris undertakes no obligation to update publicly any forward-looking statements or information contained herein, which speak as of their respective dates.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221208005184/en/

Media Contact:

Connie Chandler

Senior Director of Corporate Communications

T +1 978-436-6546

connie.chandler@entegris.com

Investor Contact:

Bill Seymour

VP of Investor Relations, Treasury and Communications

T +1 952-556-1844

bill.seymour@entegris.com

Source: Entegris

FAQ

What are the key highlights from Entegris' 2021 CSR report?

Entegris' 2021 CSR report highlights include 100% alignment of new products with U.N. SDGs, a record low TRIR of 0.51, over $8 million invested in diversity programs, and plans for a 15% reduction in energy consumption.

How did Entegris perform in safety metrics according to the 2021 CSR report?

Entegris achieved a total recordable incident rate (TRIR) of 0.51, marking a 31% decrease from the previous year.

What is Entegris' commitment to sustainability as per the 2021 CSR report?

Entegris aims for a 15% reduction in energy consumption and has completed energy and water audits for its major manufacturing plants.

What is the focus of Entegris' Personal Development and Inclusion initiatives?

Entegris has invested over $8 million in scholarship and internship programs since 2020, emphasizing diversity in hiring.

What changes can shareholders expect from Entegris following the CMC Materials acquisition?

Entegris plans to evaluate its CSR strategy and 2030 goals to address the combined organization's impacts and provide updates in the second half of 2023.