Energy Efficiency, GHG Emissions, Industrial  -  November 4, 2024

Lumentum Submits Targets to SBTi

Lumentum Holdings Inc., a designer and manufacturer of optical and photonic products, expanded its commitment to reduce Scope 3 emissions by submitting targets to the Science-Based Targets initiative (SBTi).

The company achieved net zero Scope 1 and Scope 2 emissions by 2030. In addition, Lumentum also reached these goals in fiscal 2024:

• Reduced Scope 1 and Scope 2 GHG emissions by 38% compared to fiscal 2023, despite a new company acquisition
• Increased procurement of renewable electricity to 79%, up from 61% in the previous fiscal year
• Transitioned three more sites to 100% renewable electricity, bringing the total to 14 sites
• Began solar power generation at two major sites: Navanakorn, Thailand, and San Jose, California

In fiscal 2024, the company saw the implementation of new product innovations and processes, including:

• Reduced power consumption (power per Terahertz) by 45% in the TrueFlex® Twin 16X24 wavelength selective switch (WSS) product, while still achieving double the switching capacity in optical networks
• Lowered power consumption of 200G PAM4 externally modulated lasers (EMLs) by 77% per Gbps of optical bandwidth compared to the previous generation of 100G EMLs

The company also published its fourth annual Fiscal 2024 Corporate Sustainability Report, showcasing the company's environmental, social and governance achievements. The report was prepared in accordance with the Global Reporting Initiative (GRI) Standards for sustainability impacts, applies the standards of the Sustainability Accounting Standards Board (SASB), and references the United Nations Sustainable Development Goals (UN SDGs).

“I am proud of the sustainability progress we have made this past year — from achieving a 38% reduction in emissions to adding solar power generation at two major sites and improving the efficiency of our product and process designs through Kaizen activities,” said Alan Lowe, president and CEO at Lumentum, in a statement. “These milestones reflect the dedication of our global team, who continually push boundaries to meet the highest standards of environmental stewardship. But our journey is far from over. With ambitious targets recently submitted to the Science-Based Targets initiative, we are committed to continuously raising the bar and driving sustainable growth, which is important to our customers, employees, and communities. Together, we are creating a brighter, more sustainable future.”

Additional highlights can be found in the Fiscal 2024 Corporate Sustainability Report, along with detailed data and activities from the company's fiscal year, which ended June 29, 2024. 

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• Lumentum Decreases Emissions by 25%, Doubles RE Use

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