VEECO INSTRUMENTS INC. Veeco Instruments Inc.
Corporate Sustainability Report
Fifth Edition
Issued March 2024
Veeco Sustainability Report | 2 |
About this Report
Veeco ESG Resources
- Veeco ESG Landing Page
- 2023 Sustainability Report
- Environmental & Social Responsibility Statement
- Code of Conduct (updated in '23)
The fifth issue of Veeco's Sustainability Report represents our continued commitment to building and improving our sustainability strategy. It contains information about the company's activities across our global operations during calendar year 2023. This report was prepared in accordance with the GRI Standards: Core Option and builds on our most recent 2023 Sustainability Report disclosures by further expanding upon specific ESG practices, quantitative metrics, and our aspirations.
The Company has no current plan to seek third- party validation for the information in this report. However, we may pursue third-party validation for subsequent sustainability reports, as either required or appropriate. This report and its material topics have been reviewed with and approved by the Veeco ESG leadership team and by Veeco's Chief Executive Officer and Chief Financial Officer.
This report contains forward-looking statements, including our plans, goals, targets, commitments, and other statements that are not historical facts.
These statements are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements are set forth in the "Risk Factors" of our SEC filings, including our recent Forms 10-K,10-Q, and 8-K. All forward- looking statements are based on management's current estimates, projections, and assumptions, and we assume no obligation to update them.
For any questions, please contact investorrelations@veeco.com.
Veeco United Team
Governance & Ethics
Product Responsibility
Supply Chain Responsibility
Environment
Veeco Sustainability Report | 3 |
Table of Contents
Veeco United Team | 15 |
Governance & Ethics | 30 |
Product Responsibility | 37 |
Supply Chain Responsibility | 47 |
Environment | 52 |
Veeco United Team
Governance & Ethics
Product Responsibility
Supply Chain Responsibility
Environment
About Veeco
- Letter from Our CEO
- Veeco Fast Facts
- Market Update
Veeco United Team
Governance & Ethics
Product Responsibility
Supply Chain Responsibility
Environment
Veeco Sustainability Report | 5 |
Message from our CEO
I am very pleased to offer my thoughts for this, our Fifth Sustainability Report. Veeco continues to build on our plan to develop and deliver exceptional technologies, to enable global technology trends and to be a vital partner to our customers and I'm very proud of the significant progress made in the past year. Among our many accomplishments, we delivered two new platforms to our customers that will enable advances in semiconductor device manufacturing while we continue throughout the Company to solve difficult material challenges through exceptional customer collaboration.
The Veeco United team accomplishes these actions through a shared vision of a future where technology improves the human experience and by living our six Core Values. I am confident you will see evidence of that shared purpose throughout this Sustainability Report.
Our commitment to environment, society and governance - "ESG" - is as strong as ever. We believe in the importance of reducing our carbon footprint, building a diverse and inclusive team, leveraging renewable energy sources, and being a responsible neighbor and corporate citizen. With these objectives in mind, we set aggressive ESG goals for Veeco even as incremental improvements may be increasingly difficult.
Highlights you'll see in this report include:
- Increased focus on hazardous substances through policies and guidelines for both suppliers and employees
- Expanded engagement and philanthropy in our local communities
- College scholarships to student members of the National Society of Black Engineers
- Partnership with local Habit for Humanity organizations in many Veeco locations
- Prioritized employee health through our Veeco United Health Pledge
- Our continuing commitment to culture through our third Employee Culture Survey
- Strong relationships with the majority of suppliers to mitigate supply chain interruptions
I am very proud of the Veeco United team for all they have contributed to ESG, to our customers, to suppliers, to investors and to ourselves as we continue to execute our mission.
Bill Miller
Chief Executive Officer, Veeco
Veeco United Team
Governance & Ethics
Product Responsibility
Supply Chain Responsibility
Environment
Veeco Sustainability Report | 6 |
About Veeco
Established in 1945, Veeco is an innovative manufacturer of semiconductor process equipment. Our proven ion beam, laser annealing, lithography, MOCVD, single-wafer etch and clean technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. As we enter the next decade of technology development, there is a magnitude of growing applications that combine electronics into game-changing artificial intelligence systems (AI), virtual and augmented reality (VR/AR), and automated driving assistance systems (ADAS). This new "Experience Age" will make it possible for humans to interact with the world as never before. Veeco's technologies are already making a material difference in these emerging megatrends, and we see amazing potential to grow in new areas where our unique core competencies in deposition, etch and laser processing systems will make the Experience Age possible. With equipment designed to optimize performance, yield, and cost of ownership, Veeco holds leading technology positions in the markets we serve. Veeco is a public company, listed on the NASDAQ exchange (VECO), incorporated in the State of Delaware.
Veeco United Team
Governance & Ethics
Product Responsibility
Supply Chain Responsibility
Environment
Veeco Fast Facts
Veeco United
1215 | 12 |
Countries of Operation | |
Team Members | |
75+
Years of
Experience
7
End-Market Breakdown of Revenue 2023
Compound | |
Semiconductor | |
13% | |
Semiconductor | Data Storage |
62% | 13% |
Scientific & Other | |
12% |
#1 Priority
Safety of our customers and employees
Economic Performance
>900
Unique Suppliers
Laser
Annealing
~350
Patents
Geographic Breakdown of Revenue 2023
United States
Rest of APAC24%
31%
$666M
Annual Revenue | ||
in 2023 | Ion | |
Lithography | Beam | |
VECO
NASDAQ Listing
EMEA
12%
China 33%
Global Presence
Epitaxy
Plainview, NY
Headquarters
Veeco United Team | Governance & Ethics | Product Responsibility |
Supply Chain | Environment |
Responsibility | |
Market Update
Semiconductor strength driven by LSA share gains.
Mask blank business aligned with EUV industry's roadmap.
Expect LSA, NSA, and IBD300 to enable SAM expansion.
Compound Semiconductor opportunity driven by Power Electronics and Photonics markets. Expecting several evaluation shipments in 2024.
Data Storage well-positioned to capitalize on long-term growth in cloud data.
Veeco Sustainability Report | 8 |
Core Technologies
LaserWet
Annealing Ion Beam Processing Lithography
Wet
Epitaxy Processing
Ion Beam
NSA - Nanosecond Annealing | IBD - Ion Beam Deposition |
LSA - Laser Spike Annealing | SAM - Served Available Market |
Veeco United Team
Governance & Ethics
Product Responsibility
Supply Chain Responsibility
Environment
Making a Material Difference
- Mission, Vision & Core Values
- Stakeholder Engagement
- Materiality Assessment
- Material Topics
Veeco United Team
Governance & Ethics
Product Responsibility
Supply Chain Responsibility
Environment
Core Values, Vision & Mission
We will always put our CUSTOMERS first
We strive to truly listen to our customers by working hard to understand their needs and questions. Diverse perspectives
and expertise unlock the best solutions for both our customers and Veeco. Patience, respect, and honesty drive all our interactions, especially those with our customers.
We will never compromise on SAFETY
When it comes to safety for our employees, customers and suppliers, there is no competing priority. Safety is at the forefront
of what we do and designed into our tools and processes. We thank the Veeco United team for living by our commitment to safety by properly identifying and correcting concerns both proactively and as they arise.
We will always demonstrate RESPECT
Everyone is entitled to respect and dignity. A culture of openness and inclusion is necessary to building a better company and empowering our employees.
We will never stop IMPROVING
Our employees are committed to progress. Lifelong learning drives our non-stop improvement both professionally and personally. We pride ourselves on finding innovative solutions to difficult problems and making our operations more efficient.
We will always be ACCOUNTABLE
Accountability means that we are responsible for our actions, behaviors, performance, and decisions. When problems arise, accountability means that we don't point fingers and we don't place blame. Instead, we communicate and take ownership.
We will never forget that DIVERSITY and INCLUSION makes us stronger
We honor and value the richness and diversity of all colleagues, their contributions to improving the human experience, and to living the Veeco United Core Values. Diverse perspectives allow us to better understand our global market, empower innovation, and create a dynamic culture of inclusion.
10
VISION
To ENABLE a future where technology improves the HUMAN experience
MISSION
We COLLABORATE with the world's leading technology companies to unlock the VALUE of challenging material applications
Veeco United Team
Governance & Ethics
Product Responsibility
Supply Chain Responsibility
Environment
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Disclaimer
Veeco Instruments Inc. published this content on 19 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2024 13:10:09 UTC.
