Seagate Drives Progress on its Renewable Energy and Circularity Programs
Company¡¯s FY2023 ESG Performance Report details progress towards a sustainable, inclusive, and ethical datasphere
FREMONT, CA – Apr 22, 2024 —Seagate Technology Holdings plc (NASDAQ: STX), a leading innovator of mass-capacity data storage solutions, today issued its annual environment, social, and governance (ESG) report — ¡°Sustainable Datasphere: FY2023 ESG Performance Report.¡± The 18th annual edition highlights the company¡¯s continued progress over the past fiscal year towards creating a sustainable, inclusive, and ethical datasphere, including updates on Seagate¡¯s renewable energy and carbon neutrality goals.
Seagate has made strides in powering its manufacturing and Research and Development (R&D) facilities with 100% renewable energy by 2030. In FY2023, over 50% of the company¡¯s energy consumption was sourced from renewable energy. Our facilities in China, Thailand, and Northern Ireland draw 100% of their power from renewable sources. The company also remains committed to achieving carbon neutrality by 2040.
¡°Seagate is leading the charge in sustainable innovation in data storage, driving a circular economy and addressing key environmental challenges of our time,¡± said Dave Mosley, chief executive officer. ¡°By collaborating with industry peers, customers, partners, and governments, we can collectively enable circularity and drive positive change.¡±
Additionally, in FY2023, Seagate extended the life of approximately 1.19 million hard drives and solid-state drives (SSD) through its circularity program. By refurbishing and redeploying these drives, the company prevented more than 553 metric tons of e-waste from entering landfills1.
Other highlights of our ESG Report include:
- Planet:
¤ý~33,600 megawatt hours of energy conserved by enhancing operational efficiencies.
¤ýScope 2 market-based emissions decreased to ~288,000 metric tons of carbon dioxide equivalent (CO2e) in CY2022, down from ~749,000 metric tons of Co2e in CY2021, attributed to the retirement of renewable energy credits to the company.
¤ý~3,700 megaliters of water recycled through efficient processes and using recycling water.
People and Governance
¤ýExemplified diversity and inclusion by earning consecutive recognitions as a Leader in LGBTQ inclusion, Best Technology Company for Women, and a Military Friendly Employer, while expanding employee resource groups (ERG) to 29 local chapters with 3,700 members, including veterans, LGBTQ+, professionals of color, women¡¯s leadership network, and young professionals.
¤ýAchieved an FY2023 Total Recordable Incident Rate that is 14% of the industry average demonstrating Seagate's commitment to workplace safety.
¤ýOver 2.5 million learning hours completed by Seagate employees as part of the company¡¯s continued commitment to employee growth, fostering a culture of learning and innovation.
¤ýParticipated in more than 150 community engagements in local communities characterized by youth STEM programs, academic innovation with higher education institutions, and community volunteer opportunities.