Micron Reinforces Commitment to Advance Equal Opportunity for All in Annual Diversity, Equality and Inclusion Report
November 16 2020 - 9:00AM
Micron Technology, Inc. (Nasdaq: MU), today announced the release
of its third annual diversity, equality and inclusion (DEI) report,
demonstrating advances with regionalized commitments and
initiatives across the U.S., Asia and Europe. The report measures
progress to create a positive, diverse culture for the company’s
stakeholders and examines various facets, including race and
ethnicity, gender job roles, compensation and giving.
Micron’s efforts, including the appointment of Lynn Dugle to its
board of directors, drove steady growth in the number of women in
top leadership roles in fiscal 2020. Dugle’s appointment increased
representation on Micron’s board to more than one-third. In
addition, the company doubled the number of team members
self-identifying as living with disabilities and increased
membership in its employee resource groups (ERGs) by 84%, creating
25 new chapters worldwide. Micron also expanded its pay equity
mandate this year to include stock awards and achieved full parity
for these awards for all underrepresented groups, including U.S.
veterans and people with disabilities globally.
“Micron’s commitments further reinforce our strong support
toward building a more inclusive workplace and society grounded in
equality where underrepresented groups have ample opportunity to
advance at all levels,” said Micron Vice President of Diversity,
Equality and Inclusion Sharawn Connors. “We value the diverse
voices of our team members around the world, and they play an
important role in influencing meaningful change in Micron’s
business and the communities in which we operate.”
In addition to making powerful commitments to adopt new hiring
practices and to engage in targeted programs to strengthen DEI
within Micron globally, the company identified key areas outside
its business that it deems essential to creating deep and lasting
gains toward a more inclusive economy. Micron announced plans to
partner with RBC Global Asset Management to provide $50 million in
an impact investment strategy that seeks to positively support
underserved communities nationally, including those in the San
Francisco Bay Area, Washington, D.C., northern Virginia and
Maryland. The $50 million allocation brings Micron’s total support
for firms owned and managed by members of underrepresented groups
to $250 million in calendar 2020. Micron has extended its focus to
the supply chain and aims to double its annual spending with
diverse-owned suppliers by fiscal 2023.
Micron’s annual report also details its efforts throughout the
year to address underserved communities’ needs. These include
prioritizing Micron Foundation’s funding to help underrepresented
groups during the pandemic, especially families disproportionately
affected by COVID-19, and contributing $1 million to the NAACP
Legal Defense and Education Fund. Micron has also formed a social
justice council to facilitate conversations with leaders in the
communities where it operates and work toward identifying
actionable solutions to drive significant change.
The full Micron For All: 2020 Annual Report can be found at
micron.com/dei.
About Micron Technology, Inc. We are
an industry leader in innovative memory and storage solutions.
Through our global brands — Micron® and Crucial® — our broad
portfolio of high-performance memory and storage technologies,
including DRAM, NAND, 3D XPoint™ memory, and NOR, is transforming
how the world uses information to enrich life for all. Backed by
more than 40 years of technology leadership, our memory and storage
solutions enable disruptive trends, including artificial
intelligence, 5G, machine learning, and autonomous vehicles, in key
market segments like mobile, data center, client, consumer,
industrial, graphics, automotive, and networking. Our common stock
is traded on Nasdaq under the MU symbol. To learn more about Micron
Technology, Inc., visit micron.com.
© 2020 Micron Technology, Inc. All rights reserved. Information,
products, and/or specifications are subject to change without
notice. Micron, the Micron logo, and all other Micron trademarks
are the property of Micron Technology, Inc. All other trademarks
are the property of their respective owners.
Micron Media Relations Contact Erica
Pompen Micron Technology, Inc. +1 (408)
834-1873 epompen@micron.com Micron Investor
Relations Contact Farhan Ahmad Micron
Technology, Inc. +1 (408)
834-1927 farhanahmad@micron.com
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