MKS Instruments Releases Inaugural Corporate Social Responsibility Report

Rhea-AI Summary

MKS Instruments, Inc. (NASDAQ: MKSI) has released its inaugural 2021 Corporate Social Responsibility (CSR) report, showcasing its commitment to environmental, social, and governance (ESG) initiatives. The report details various aspects, including a dedicated CSR management system, environmental metrics on greenhouse gas emissions, and efforts toward renewable energy.

Key highlights include diversity initiatives with pay equity for U.S. employees and community support initiatives related to COVID-19. The report aligns with the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-related Financial Disclosures (TCFD) standards.

Positive

• Publication of inaugural CSR report enhances transparency and commitment to ESG.
• Implementation of a CSR management system with Executive- and Board-level oversight.
• Achievement of pay equity for U.S. employees after adjustments.

Negative

• None.

ANDOVER, Mass., Oct. 05, 2021 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI) (“MKS”), a global provider of technologies that enable advanced processes and improve productivity, today released its 2021 Corporate Social Responsibility (CSR) report, which highlights the Company’s commitment to environmental, social, and governance (ESG) issues.

“We are proud to publish our inaugural CSR report, reflecting the important work we are accomplishing, from the safety and well-being of our global workforce to diversity, equity, and inclusion initiatives to environmental safety and compliance,” said John T.C. Lee, President and CEO of MKS.

“Our commitment is ongoing. We believe it is critical to create relationships with our stakeholders that support responsible and ethical business practices, conduct, and compliance, which in turn benefits our employees, our environment, and our business.”

The report demonstrates MKS’ progress toward and ongoing initiatives to achieve key ESG objectives.

Highlights include:

• CSR management system, providing Executive- and Board-level oversight of MKS’ CSR program.
• Environmental metrics, including greenhouse gas emissions, and energy and water usage.
• Unique portfolio of solutions that address renewable energy, health and safety, environmental compliance, and sustainable and ethical applications.
• Diversity and bias awareness trainings for employees as part of an ongoing diversity, equity, and inclusion (DEI) initiative.
• Recent analysis of U.S. employees’ compensation across diversity factors within comparable groups resulted in pay equity after minimal adjustments, and launch of an analysis for employees outside of the U.S.
• Community involvement and charitable giving, as well as several initiatives involving COVID-19 support.

The report is available to view here and has been prepared in accordance with the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-related Financial Disclosures (TCFD) standards.

About MKS Instruments  

MKS Instruments, Inc. is a global provider of instruments, systems, subsystems and process control solutions that measure, monitor, deliver, analyze, power and control critical parameters of advanced manufacturing processes to improve process performance and productivity for our customers. Our products are derived from our core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, vacuum technology, temperature sensing, lasers, photonics, optics, precision motion control, vibration control and laser-based manufacturing systems solutions. We also provide services relating to the maintenance and repair of our products, installation services and training. Our primary served markets include semiconductor, industrial technologies, life and health sciences, and research and defense. Additional information can be found at www.mksinst.com.  

MKS Contacts:  
Investor Relations:  
David Ryzhik  
Vice President, Investor Relations  
Telephone: (978) 557-5180  
Email: david.ryzhik@mksinst.com  

Press Relations:  
Bill Casey  
Senior Director, Marketing Communications  
Telephone: (630) 995-6384  
Email: bill.casey@mksinst.com  

Tom Davies / Jeremy Fielding  
Kekst CNC
Emails: tom.davies@kekstcnc.com / jeremy.fielding@kekstcnc.com 

 

FAQ

What does MKS Instruments' CSR report cover?

MKS Instruments' CSR report covers its commitments to environmental, social, and governance initiatives, including diversity and environmental safety.

When was MKS Instruments' CSR report released?

The CSR report was released on October 5, 2021.

How does MKS Instruments address environmental issues?

The report includes metrics on greenhouse gas emissions, energy, and water usage, along with initiatives for renewable energy.

What diversity initiatives are highlighted in the CSR report?

The report highlights employee diversity training and recent pay equity analysis for U.S. employees.

Where can I find MKS Instruments' CSR report?

The CSR report is available on MKS Instruments' website and was prepared according to SASB and TCFD standards.