Coherent Issues Its 라이브 바카라사이트 Report 2023 and Sets a Net Zero Greenhouse Gas Emissions Target of FY2040

PITTSBURGH, Dec. 20, 2023 (GLOBE NEWSWIRE) – Coherent Corp. (NYSE: 라이브 바카라사이트HR), a leader in materials, networking, and lasers, today published its Environmental, Social, and Governance (라이브 바카라사이트) Report 2023 and announced that it has set a net-zero Scope 1 and Scope 2 greenhouse gas (GHG) emissions target of FY2040. The 라이브 바카라사이트 Report 2023 is available on the Coherent website at this Environmental, Social, Governance (바카라사이트 벳위즈) | 바카라사이트 벳위즈.

“By establishing a net-zero target for Coherent, we reached a significant new 라이브 바카라사이트 milestone,” said Dr. Vincent D. Mattera, Jr., Chair and CEO. “It not only represents the great strides we’ve made in the past year, but it also elevates and makes transparent our level of commitment to create long-term value for all our stakeholders through 라이브 바카라사이트 programs that are sustainable, inclusive, principled, and innovative.”

Highlights from the 라이브 바카라사이트 Report 2023 include:

• Environment: In addition to establishing a net-zero Scope 1 and Scope 2 GHG emissions target of FY2040, the company is now obtaining 50% of its global energy needs from renewable energy sources. This represents over 400,000 MWh of renewable energy, mitigating more than 175,000 metric tons of 라이브 바카라사이트₂ emiss라이브 바카라사이트s annually.
  
• People: The company streamlined its talent management processes to improve the experience for both managers and employees; expanded its diversity, equity, and inclusion efforts; and harmonized practices and policies following the July 2022 acquisition of the former 라이브 바카라사이트, Inc.
  
• Governance: Coherent confirmed its commitment to comply with the Responsible Business Alliance (RBA) Code of Conduct and launched a new 라이브 바카라사이트 webpage with links to its 라이브 바카라사이트 Report and related policies. Over two dozen 라이브 바카라사이트-related policies have been updated and standardized globally, and are grounded in the principles of the RBA, the United Nations Global Compact (UNGC) and Sustainable Development Goals (SDGs), and the International Labor Organization (ILO).
  
• Products: Coherent’s silicon carbide (SiC) substrates and the SiC metal-oxide semiconductor field-effect transistors (MOSFETs) fabricated on them will further enable customers to bring to market ever-more efficient high-performance electric vehicles, industrial motors, and renewable energy systems.
  
• Sustainable Procurement: Coherent issued a Supplier 라이브 바카라사이트 Standards statement, adopted the RBA Code of Conduct as its supplier code of conduct, and issued an updated Supplier Diversity statement. The company also launched a project to develop a supply chain decarbonization program.

As stated in the report, Coherent considers that all its employees and entire supply chain contribute to the company’s 라이브 바카라사이트 performance. The company supports standardization of 라이브 바카라사이트 reporting, and its report is indexed according to the SASB (Sustainability Accounting Standards Board) framework. Coherent reports its GHG emissions and water usage publicly through CDP and supports its customers’ requests for 라이브 바카라사이트 information through standard surveys such as those from EcoVadis and RBA. Management of Coherent is overseen by a highly qualified and diverse Board of Directors. The company’s sustainability vision is guided at the highest levels of the Board by its Environmental, Social, and Governance Committee.