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March 21, 2023

New Goals Demonstrate Marvell’s Commitment to ESG

By Rebecca O'Neill, Global Head of ESG, Marvell

Marvell recently released its inaugural Environmental, Social and Governance (ESG) Report, detailing the company's goals, strategic approach, and commitment to building a sustainable future. Marvell's approach is based on 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, while focusing on strategic ESG initiatives that are material to our financial performance and long-term value creation.  

Part of our overarching commitment to address ESG topics involves continuous improvement. That’s why Marvell has set a range of goals that showcase key areas of focus for our business, now and in the future. 

Some highlights of the goals are: 

Maintain an annual employee engagement (eSat) score that is higher than Glint’s Technology Industry Benchmark (Annual) 

Why we set it: We believe the people who work here are our greatest resource, and we encourage and empower all individuals employed at Marvell to excel to their greatest potential. We created an environment that fuels collaboration and innovation, inspiring employees to give their best, and enabling our business to thrive. We work hard to attract the industry’s best talent; provide opportunities to learn and grow; and create an environment where our employees feel motivated, appreciated, and engaged and have a pathway to building a long-term career at Marvell. 

Reduce power consumption of products with each generation for set capabilities (Annual)

Why we set it: When we design our products, we focus on innovative features that deliver new capabilities while also improving performance, capacity and security to ultimately improve energy efficiency during product use. These innovations help make the world’s data infrastructure more efficient and, by extension, reduce our collective impact on climate change. We are committed to being at the forefront of our industry in this area, enabled by the innovation of our R&D teams. 

Pursue 100% Responsible Minerals Assurance Process (RMAP)-compliant tantalum, tin, tungsten, and gold processing facilities (By end of FY25) 

Why we set it:  As a fabless semiconductor company, we rely on suppliers to manufacture, assemble, and test our products. As a result, the most significant environmental and social impacts from product manufacturing take place within our suppliers’ operations. We recognize that the extraction, processing, and trade of certain minerals contained in electronics — and semiconductors — could be associated with human rights violations and armed conflicts in the global supply chain. We are working with our suppliers to transition to only using tin, tantalum, tungsten, gold, and cobalt processing facilities that have successfully completed an assessment against the applicable Responsible Minerals Initiative Responsible Minerals Assurance Process (RMAP) standard or an equivalent cross-recognized assessment.  

Learn more in Marvell’s first Environmental, Social, and Governance Report. 

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