MKS Instruments Releases 2024 Environmental, Social, Governance Report

Rhea-AI Summary

MKS Instruments (NASDAQ: MKSI) has released its 2024 Environmental, Social, Governance (ESG) Report, highlighting the company's progress and commitment to sustainability. Key points include:

• A target to reduce Scope 1 and 2 emissions by 42% by 2030 from the 2022 baseline
• Development of a consolidated Scope 3 emissions inventory
• Expansion of the sustainable product portfolio
• Establishment of a team to quantify carbon footprints of products and processes
• Focus on employee experience, including a global engagement survey and launch of the Women@MKS Employee Resource Group
• External recognition from MSCI, Sustainalytics, and Newsweek and Statista

The report includes disclosures related to SASB and TCFD standards.

Positive

• Commitment to reduce Scope 1 and 2 emissions by 42% by 2030
• Development of Scope 3 emissions inventory
• Expansion of sustainable product portfolio
• Establishment of team to quantify carbon footprints of products and processes
• Launch of Women@MKS Employee Resource Group
• External recognition for sustainability efforts from MSCI, Sustainalytics, and Newsweek and Statista

Negative

• None.

ANDOVER, Mass., July 29, 2024 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI) (MKS), a global provider of enabling technologies that transform our world, today released its 2024 Environmental, Social, Governance (ESG) Report, which highlights MKS’ continued commitment to ESG issues.

“At MKS, we recognize the importance of operating our business in a responsible manner,” said John T.C. Lee, President and Chief Executive Officer of MKS. “This report serves as a testament to our progress, achievements, and ongoing efforts to integrate sustainability holistically into our business.”

The report details the progress MKS has made toward the achievement of its key ESG objectives. Highlights include:

• Our commitment to reducing our combined Scope 1 and 2 emissions by 42% by 2030 from our 2022 baseline, in alignment with criteria established by the Science Based Targets Initiative (SBTi), and our efforts to develop our consolidated Scope 3 emissions inventory with the goal of setting SBTi-aligned Scope 3 emissions targets. Once we determine our Scope 3 emissions targets, we will submit all of these climate goals to SBTi to be validated against SBTi guidance.
  
• The expansion of our sustainable product portfolio with new, innovative solutions and the establishment of a dedicated team to quantify the carbon footprints of our products and processes, underscoring our commitment to execute on our sustainability strategy.
  
• Our continued focus on our employees’ experience, highlighted by our third annual global employee engagement survey – the first to include participation from Atotech employees post-acquisition – and the launch of our inaugural Employee Resource Group, Women@MKS.
  
• External recognition for our sustainability efforts and responsible business practices by MSCI, Sustainalytics, and Newsweek and Statista.
  

The Report is available to view here and includes relevant disclosures related to The Sustainability Accounting Standards Board (SASB) and The Task Force on Climate-related Financial Disclosures (TCFD) standards.

About MKS Instruments
MKS Instruments, Inc. enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at www.mks.com.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding MKS’ environmental goals. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein as a result of various important factors, including the factors described in MKS’ Annual Report on Form 10-K for the year ended December 31, 2023 and any subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and Exchange Commission. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release.

Contacts:

Bill Casey 
Senior Director, Marketing Communications 
Telephone: +1 (630) 995-6384 
Email: press@mksinst.com

Kerry Kelly, Partner
Kekst CNC
Email: kerry.kelly@kekstcnc.com

FAQ

What are MKS Instruments' (MKSI) emission reduction targets for 2030?

MKS Instruments (MKSI) aims to reduce its combined Scope 1 and 2 emissions by 42% by 2030 from its 2022 baseline, in alignment with criteria established by the Science Based Targets Initiative (SBTi).

How is MKS Instruments (MKSI) expanding its sustainable product portfolio?

MKS Instruments (MKSI) is expanding its sustainable product portfolio by developing new, innovative solutions and establishing a dedicated team to quantify the carbon footprints of their products and processes.

What employee initiatives has MKS Instruments (MKSI) implemented in 2024?

In 2024, MKS Instruments (MKSI) conducted its third annual global employee engagement survey, which for the first time included Atotech employees post-acquisition. The company also launched its inaugural Employee Resource Group, Women@MKS.

Which organizations have recognized MKS Instruments (MKSI) for its sustainability efforts in 2024?

MKS Instruments (MKSI) received external recognition for its sustainability efforts and responsible business practices from MSCI, Sustainalytics, and Newsweek and Statista in 2024.