AMD's 2023-24 Corporate Responsibility Report Highlights
![AMD's 2023-24 Corporate Responsibility Report Highlights](https://investorshangout.com/images/blog/investors-hangout-newswire.jpg)
AMD's Commitment to Corporate Responsibility
Today, AMD (NASDAQ: AMD) published its annual Corporate Responsibility (CR) Report, detailing progress toward its strategic Corporate Responsibility goals for the year. AMD focuses its efforts on key issues that impact its business and society, including environmental sustainability, digital impact, diversity, belonging, inclusion, and supply chain responsibility.
Key Highlights from 2023
Advancing Environmental Sustainability
AMD has implemented a holistic approach to chip design that emphasizes performance and energy efficiency. The company has pioneered chiplet architecture that addresses sustainability challenges during product use and in the manufacturing process. The production of 4th Gen AMD EPYC™ CPUs, using up to 12 separate compute chiplets, resulted in significant CO2 savings—specifically, avoiding approximately 132,000 metric tons of CO2e in 2023, which exceeds AMD's annual operational CO2e footprint by 2.8 times.
Additionally, AMD is focused on achieving a 30x energy efficiency improvement for processors and accelerators by 2025, and its solutions are used by more than half of the top 50 most energy-efficient supercomputers.
Accelerating Scientific Research and STEM Education
Since 2020, AMD has donated technology to over 150 universities and institutions, aiding approximately 61 million individuals through its STEM initiatives. In 2023, the company enriched its support for AI and Machine Learning research, highlighting its commitment to education in these fields.
Through the AMD Learning Labs program, AMD continues to expand STEM education, recently establishing a new lab at Maynooth University in Dublin.
Empowering People and Communities
AMD is dedicated to creating an impactful work environment, supported by development opportunities and a culture of belonging. According to the 2023 AMDer Survey, 92% of employees feel that AMD fosters an environment where diverse backgrounds can thrive.
This year, AMD launched the Advancing Women in Tech initiative to support women in technical careers, completing its inaugural cohort with over 230 participants.
Collaborating Across the Value Chain
AMD maintains strong partnerships across its value chain, ensuring responsibly sourced materials and promoting human rights. In 2023, a substantial percentage of AMD Manufacturing Suppliers underwent Responsible Business Alliance audits to strengthen adherence to ethical practices.
About AMD
For more than 50 years, AMD has been at the forefront of innovation in high-performance computing, graphics, and visualization technologies. The company's products are relied upon globally, making a significant difference in various fields.
Contact Information
Sarah Feller
AMD Communications
(512) 574-5583
sarah.feller@amd.com
Suresh Bhaskaran
AMD Investor Relations
408-749-2845
suresh.bhaskaran@amd.com
Frequently Asked Questions
What is the main focus of AMD's 2023-24 CR Report?
The report emphasizes AMD's progress in sustainability, social impact, STEM education, diversity, and responsible supply chain practices.
How has AMD contributed to environmental sustainability?
AMD has achieved significant CO2 savings through its innovative chip design and aims for 30x energy efficiency in its products.
What initiatives does AMD have for STEM education?
AMD supports STEM education through donations to universities and initiatives like the AMD Learning Labs program.
How does AMD promote diversity and inclusion within the company?
AMD fosters an inclusive work environment with programs aimed at supporting diverse backgrounds and initiatives like Advancing Women in Tech.
What partnerships does AMD engage in to promote sustainability?
AMD collaborates with manufacturing partners to ensure responsible sourcing and has made strides in supporting human rights across its supply chain.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Pender Growth Fund Reports Robust Financial Performance
- Ebang International Holdings Reports First Half Results
- EnWave Corporation Q3 2024 Financial Highlights
- OKYO Pharma CEO Interview Highlights Innovative Ocular Therapies
- Endeavour Mining Reports Major Stakeholder Changes
- BULGOLD Inc. Reports Q2 Financial Results and Exploration Plans
- Montana Technologies Reports Strong Q2 Performance and Growth
- High Wire Networks Reports Strong Q2 2024 Revenue Growth
- ELFA Reports Record Equipment Financing Growth
- Alliance Trust PLC Reports Current Net Asset Value