Micron Technology Inc

Lobbying Governance

AI Extracted Evidence Snippet Source

(4.11.8) Describe the process your organization has in place to ensure that your external engagement activities are consistent with your environmental commitments and/or transition plan

We review policy and industry association stances internally with relevant sustainability and executive leadership as needed, taking into account consistency with our climate commitments.

https://www.micron.com/content/dam/micron/global/public/documents/about/misc/2024/mu-2024-cdp-response.pdf

Governments & Policymakers Engagement in the political process is vital to Micron's success. Public policy decisions can directly affect Micron's strategies, investments, operations, team members and communities. Micron promotes policies that enhance our ability to innovate and advocates at all levels of government to ensure that our voice is heard on the issues most important to Micron's business interests and values. We also participate in the political process through lobbying, public engagement, political contributions and membership in various industry and trade associations. Micron complies with all applicable laws and regulations that oversee interactions with government officials and adheres to our own high standards of ethical conduct.

https://www.micron.com/content/dam/micron/global/public/documents/about/sustainability/micron-sustainability-report-fy21-final.pdf

Micron's political activities are managed by the Executive Vice President of Global Operations, who reports directly to the Chief Executive Officer, as well as the Global Head of Government and Public Affairs who is part of the Global Operations function. In addition, the Governance and Sustainability Committee of the Micron Board of Directors, comprised entirely of outside directors, has oversight of the company's political activities, strategy, and policies, including political and campaign (PAC and corporate) contributions, lobbying activities, the employee political action committee. The Governance and Sustainability Committee receives reports on company's political spending and lobbying activities at least twice a year. [...] On an annual basis, Government and Public Affairs analyzes the alignment and effectiveness of the external partners that Micron engages. This process ensures routine reviews that maximize resource allocation, maintain focus on business priorities, and protect brand reputation in a constantly evolving environment. [...] All political contributions are reviewed and approved by the PAC Board and the Compliance & Ethics team. The PAC Board consists of a set of senior eligible employees who represent the various teams, site locations, and diverse employee base of Micron. The PAC Board members serve a two-year term concurrent and may serve consecutive terms without limit.

https://www.micron.com/content/dam/micron/global/public/documents/about/policies/micron-political-engagement-principles-governance-and-transparency.pdf

Engaging with governments and policymakers

Engaging with stakeholders around the world is vital for our global business. Micron works with policymakers at various levels of government to contribute to policy discussions and initiatives focusing on workforce development, renewable energy, water resource management and other sustainability priorities. In 2023, we signed a memorandum of understanding with Taiwan's Bureau of Water Resources, as part of a broader private-public collaboration to address climate change and implement strategies for more sustainable local water use. We also engaged with governments and policymakers in several other ways:

· Partnered with the city of Boise to operate an advanced water treatment plant on the Micron campus as a component of a local initiative to improve water resource resilience
· Collaborated with the Singapore government to introduce a central abatement system for capture and destruction of greenhouse gases
· Worked with Higashi-Hiroshima City Hall in Japan to advance a five-year restoration project that removes hydrogen sulfide sediments and improves the water quality in tidal flats
· Supported policies proposed by Malaysia's government to incentivize renewable energy use in manufacturing, leading to the industrial sector's first renewable energy zone

As Micron presses forward with these and similar efforts, we remain committed to our values, high standards of ethical conduct and adherence to all applicable laws and regulations.

https://www.micron.com/content/dam/micron/educatorhub/sustainability/2024-micron-sustainability-report.pdf

**(4.11.8) Describe the process your organization has in place to ensure that your external engagement activities are consistent with your environmental commitments and/or transition plan**

_We review policy and industry association stances internally with relevant sustainability and executive leadership as needed, taking into account consistency_
_with our climate commitments._

https://www.micron.com/content/dam/micron/global/public/documents/about/misc/2024/mu-2024-cdp-response.pdf

The purpose of the Governance and Sustainability Committee (the "Committee") of the Board of Directors (the "Board") of Micron Technology, Inc. (the "Company") shall be to: [...] **1.10. Political Activity**. Assist the Board in discharging its responsibilities relating to the oversight and monitoring of the manner in which the Company conducts its public policy and government affairs activities, including policies and guidelines regarding political contributions by the Company, lobbying activities, the employee political action committee, contributions to trade associations and other similar organizations that engage in political activity. [...] **4.16. Political Activities**. The Committee shall review, at least annually, the Company's strategy, policies and practices related to the manner in which the Company conducts its public policy and government affairs activities, including political and campaign contributions, lobbying activities, the employee political action committee, and contributions to trade associations and other similar organizations that may engage in political activity; and review, on a semi-annual basis, reports on the Company's political spending and lobbying activities.

https://in.micron.com/about/global-impact/corporate-governance/governance-and-sustainability-committee

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years

CDP Questionnaire Response 2023