Our company-wide ESG strategy is centered on the three pillars of Environment, Social and Governance (ESG) and is core to how we do business. ESG is embedded in our business strategy, our global operations, product design and innovation, and engagement with our stakeholders, including our employees, customers, investors, suppliers, and local communities.
We recognize the important responsibility we have as stewards of our environment and active members of the communities in which we live and work.
Our approach to ESG is based upon the areas of greatest impact and opportunity for our company: integrating environmental and social considerations into our product design and responsibly managing the impacts of our supply chain.
Our ESG priorities are complemented by goals on each of our material ESG topics. Building upon our existing ESG program, our goals enable us to advance our actions and strategy as well as related commitments and initiatives.
As a global company, we believe we have a responsibility to do our part to reduce the environmental impacts of our operations and broader value chain. We are focused on reducing the climate, water and material impacts of our products, both upstream in the supply chain and downstream in their use by customers.
At Marvell, acting with integrity and treating everyone with respect is our operating framework. This is one of the core behaviors that guides how we empower employees through a culture of diversity and inclusion that embraces their professional and personal growth, as well as how we build relationships with our partners externally.
Sound governance starts with our leadership and reverberates throughout our company, guided by a rigorous Code of Conduct and a collective set of Core Behaviors embedded into our culture.
We develop our ESG Reports to be aligned with the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), Task Force on Climate-Related Financial Disclosures (TCFD) and the United Nations Sustainable Development Goals (UN SDGs).
Marvell is active, intentional and rigorous in upholding the highest ethical standards and business practices globally. As a guide, we have the following policies in place that clearly outline our company-wide commitment to accountability, oversight and ethical business practices for employees, people and local communities.