Our Approach to Sustainability

Marvell advances sustainability by setting clear goals, actively engaging stakeholders, embedding internal accountability and oversight and developing strategic plans to ensure operational resilience.

Marvell Approach to Sustainability
We embed sustainability into operations and drive impact across our value chain by focusing on material topics, collaborating with stakeholders, reinforcing governance structures and implementing resilience strategies.

Sustainability Priorities

 

We conducted a double materiality assessment in F24 to identify and evaluate key sustainability topics for Marvell, which remained relevant for FY25. The process considered both the actual and potential financial effects of the topics on the business’ ability to create long-term value. It also considered the company’s resulting impact on the environment, society and economy.

 

Sustainability Priorities

 

Stakeholder Engagement 

 

Engagement is important, as it enables us to understand the perspectives of internal and external stakeholders who are critical to our business. We aim to consider their needs and concerns across a wide range of regular touchpoints.

Sustainability Governance

We have embedded accountability and oversight for sustainability at all levels of our organization. Governance oversight starts at the very top of our organization, with the Marvell Board of Directors overseeing the company’s efforts to mitigate impacts, manage risks, identify opportunities and achieve our goals related to sustainability.

Sustainability Governance

 

Operational Resilience

 

Marvell actively manages sustainability risks as part of our broader corporate risk management efforts. This process starts during the Enterprise Risk Management (ERM) process. Our ERM program is led by the Chief Security Officer and the Executive Leadership Team (ELT), to identify, evaluate and manage risks across business functions. The ELT performs a risk assessment periodically and discusses the results with the Audit Committee. Risk mitigation strategies are also updated regularly, based on emerging threats and changes in the business environment, and feed into the Marvell Enterprise Resiliency Program to improve alignment and coordination within the company.