Our company-wide ESG strategy is centered on the three pillars of Environment, Social and Governance (ESG). 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.
Our ESG goals play a pivotal role in shaping our business strategy and decision making.
We are focused on how our company can best drive impact and opportunity - connecting the world through power-efficient solutions - in ways that are important to our financial performance and long-term value creation.
We have set goals to address our priority ESG topics. Our goals enable us to advance our actions and strategy as well as related commitments and initiatives, to drive impact and strengthen the business.
Acting to address environmental impacts is a business imperative for Marvell. Ensuring our business is resilient in the face of a changing climate is essential for our long-term success. Doing our part to reduce carbon, water and waste impacts in our direct operations and our value chain is also a key expectation of our customers and our investors.
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).