Seagate Transitions More Operations to Renewable Energy and Ramps Circularity Program Returning Nearly One Million Drives to Service

Rhea-AI Summary

Seagate Technology (NASDAQ: STX) announced significant progress in its Sustainable Datasphere FY2022 ESG Performance Report. The company is over 50% towards its 2030 goal of powering its global operations with renewable energy. In FY2022, Seagate extended the life of 1.16 million HDDs and SSDs, preventing 540 metric tons of e-waste. Four of its seven manufacturing sites now operate fully on renewable energy, covering over half of its total energy use. The report also highlights initiatives like saving 21,000 MWh through efficiency programs and a 9.1% increase in patents with female inventors. Seagate aims for carbon neutrality by 2040 and is a founding member of the Circular Drive Initiative, focusing on sustainable practices in the tech industry.

Positive

• Over 50% progress towards 2030 renewable energy goal.
• 1.16 million HDDs and SSDs refurbished, diverting 540 metric tons of e-waste.
• Four manufacturing sites fully transitioned to renewable energy.
• 21,000 MWh of electricity saved through energy efficiency initiatives.

Negative

• None.

Company details progress towards driving a sustainable, inclusive, and ethical datasphere in its Sustainable Datasphere FY2022 ESG Performance Report

FREMONT, Calif.--(BUSINESS WIRE)-- Seagate^® Technology Holdings plc (NASDAQ: STX), a world leader in mass-data storage infrastructure solutions, today announced that it is over 50 percent towards its 2030 moonshot goal of powering 100% of its global footprint with renewable energy and that it has extended the life of over one million hard disk drives (HDD) and solid-state drives (SSD) through its refurbishment program in fiscal year 2022 (July 2021 – June 2022).

The achievements were announced in conjunction with the publication of Seagate’s Sustainable Datasphere: FY2022 ESG Performance Report (formerly entitled “Global Citizenship Annual Report”). The 17^th annual report is a comprehensive look at Seagate's environmental, social, and governance (ESG) progress. The report describes Seagate’s yearly progress towards meeting the company’s goals to power its global footprint with 100% renewable energy by 2030 and to achieve carbon neutrality by 2040. These goals were pledged last year in support of its commitment to a sustainable, inclusive, and ethical datasphere.

“At Seagate, we have always believed in data’s potential, which is why we are driven to help the world store and protect it,” said Dave Mosley, Seagate’s chief executive officer. “To be successful, however, we must lead the way in addressing the numerous environmental, social, and governance impacts and challenges our industry presents.”

Well on track towards achieving its pledge of powering its global footprint with 100% renewable energy by 2030, Seagate announced that four of its seven global manufacturing sites are now fully transitioned to using renewable energy through renewable energy purchasing contracts and solar system installations, accounting for more than half of the company’s total energy consumption.

Additionally, Seagate extended the life of 1.16 million HDDs and SSDs in FY2022. These drives were recovered through refurbishment and redeployment, preventing over 540 metric tons of e-waste¹ from going to the landfill.

Driving its impact on circularity, Seagate staked its environmental leadership in FY2022 by becoming a founding member of the Circular Drive Initiative (CDI), collaborating with global leaders in digital storage, sustainability, and blockchain focusing on reducing e-waste by enabling the secure reuse of storage hardware.

“Seagate leads with transparency and accountability, both by setting strong circularity goals across our global enterprise, and by working in coalition with our customers, industry peers and associations, supply chain partners, and governments to achieve these goals to reuse, refurbish, recover and recycle,” said KF Chong, senior vice president, operations and strategic planning at Seagate. “Given our scale, Seagate is a strong example of achieving our commitments to enable a more circular economy, reduce GHG emissions, preserve rare-earth minerals, reduce water and energy usage, and achieve financial savings."

Additionally underpinning the company’s sustainability ambitions, Seagate launched a new consumer external HDD that is manufactured from 30% post-consumer recycled materials by weight and features 100% recyclable packaging. The new Ultra Touch HDD adds to the company’s line of external backup storage drives as well as its previously released premium brand LaCie Mobile Drive, which is also manufactured with post-consumer recycled materials.

Other highlights of the Report include:

Planet

• ~21,000 MWh of electricity saved through energy conservation and efficiency initiatives in FY2022, exceeding our initial conservation goal of 10,000 MWh
• 87% (~27,000 metric tons) of non-hazardous waste diverted from landfills in FY2022
• 5.8% reduction of absolute market-based scope 2 operational emissions in CY2021 vs. CY2020
• 82% of hazardous waste generated in FY2022 was recycled
• ~1,000,000 drives returned to service through refurbishment and redeployment in CY2021
• 1,352 MWh of on-site solar energy generated in FY2022
• 17.5% increase in water recycling in CY2021 from CY2020
• 17.1% decrease in water intensity (megaliter per EB) in CY2021 from CY2020

People, Prosperity, Governance

• 9.1% increase in inventions with 1+ female inventors
• 281,051 hours of learning and development completed in FY2022 by our employees
• 3,600 global members representing nine employee resource groups (ERGs) and over 27 local chapters across all ERGs in FY2022
• 131 different engagements and partnerships conducted in local communities
• 20% increase in (U.S.) supplier diversity spend from FY2021 to FY2022
• Strengthened Data Governance by implementing encryption-based data protection tools and automating key compliance processes

To learn more about Seagate’s ESG efforts, visit our ESG page.

About Seagate

Seagate Technology crafts the sustainable datasphere, helping to maximize humanity’s potential by innovating world-class, precision-engineered mass-data storage and management solutions with a focus on deep-rooted partnerships. A global technology leader for nearly 45 years, the company has shipped over four billion terabytes of data capacity. Learn more about Seagate by visiting www.seagate.com or following us on Twitter, Facebook, LinkedIn, YouTube, and subscribing to our blog.

^1. Assuming each drive is an average weight of 465g

©2023 Seagate Technology LLC. All rights reserved. Seagate, Seagate Technology, and the Spiral logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. All other trademarks or registered trademarks are the property of their respective owners. When referring to drive capacity, one gigabyte, or GB, equals one billion bytes, one terabyte, or TB, equals one trillion bytes, and one exabyte, or EB, equals one quintillion bytes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230424005584/en/

Greg Belloni (415) 235-9092

gregory.belloni@seagate.com



Jan Jee Chong (65) 8922-9355

janjee.chong@seagate.com

Source: Seagate Technology Holdings plc

FAQ

What are Seagate's renewable energy goals for 2030?

Seagate aims to power 100% of its global operations with renewable energy by 2030.

How many HDDs and SSDs did Seagate refurbish in FY2022?

Seagate refurbished 1.16 million HDDs and SSDs in FY2022.

How does Seagate contribute to reducing e-waste?

By refurbishing and redeploying drives, Seagate prevented over 540 metric tons of e-waste from ending up in landfills.

What is the target year for Seagate to achieve carbon neutrality?

Seagate aims to achieve carbon neutrality by 2040.

What percentage of Seagate's manufacturing sites are powered by renewable energy?

Four out of seven manufacturing sites are fully powered by renewable energy, accounting for over half of its total energy consumption.