Lam Research

Semiconductors

LRCX

$ 619 (1)%

Share price

$ 82 bn

Market Cap

$ 83 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.04x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8% weighted average for S&P 500

FY2022

Lam Research aims to reduce Scope 1 + 2 by 25% by 2025 from a base year 2019

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.5% weighted average for S&P 500

FY2022

Lam Research aims to achieve carbon neutrality for all Scopes by 2050

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Lam Research reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 107 Kt (-6.3 /-5.5% y-o-y). Also positively, carbon intensity was down at 9.5 t (-2.9 /-23.4% y-o-y).

Lam Research's Scope 3 emissions skyrocketed to 6,700 Kt (+3,800/+131% y-o-y). The growth has slowed compared to the trend since 4Q'19 (CAGR +562%).

The company is committed to reducing Scope 1 + 2 by 25% by 2025 from a base year 2019, which translates into the estimated reduction of -4.6 Kt per annum over the period of FY2022 - FY2025. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving carbon neutrality for all Scopes by 2050, which translates into the estimated reduction of -235 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Lam Research aims to achive carbon neutrality across its entire value chain (all Scopes) in 2050. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	107	51	57	6,700
2020Q4	113	39	76	2,900	11,929	9.5
2019Q4	118	36	82	23	9,549	12
2018Q4	91	27	64	29	10,871	8.4
2017Q4	104	27	77	45	9,558	11
2016Q4	97	26	71	33	6,375	15