Our Approach to Sustainability

We are committed to integrating sustainability into our organization. This includes designing energy-efficient products, responsibly managing our supply chain, investing in the wellbeing of our people and actively supporting host communities in which we operate.  

To operationalize sustainability and drive action across our value chain, we foster an environment of ethical and responsible behavior through a strong governance model, company-wide policies and effective practices. Our actions are guided by our sustainability goals, which enable us to focus on the issues that are most important to our business success and long-term value creation.

Sustainability Priorities

 

Our sustainability priorities are grounded in the priorities of our stakeholders. In FY24, we conducted a double materiality assessment to identify and evaluate key sustainability topics for Marvell. Building on our previous assessment, we took a more comprehensive approach that includes evaluating the impact of sustainability issues on Marvell business, as well as the impact of our direct and value chain activities on society and the environment.

The assessment results enhance our sustainability strategy and reporting and inform our business decision-making. We are focusing our efforts on those issues that are high impact on Marvell, society and the environment. Our work in those areas helps to mitigate risks and drive competitive opportunities for the business. 
 

Sustainability Priorities

 

Stakeholder Engagement 

 

Stakeholder engagement is fundamental to our business success and influences the decisions we make. Marvell approaches it by engaging a wide range of internal and external stakeholders to deeply understand their priorities and key concerns. Stakeholder inputs, in turn, help inform our sustainability strategy.

Sustainability Governance

Marvell strong governance model provides oversight, accountability and risk management for our sustainability priorities, including climate change and human capital. We recognize the importance of strong governance to manage and uphold accountability for sustainability, and as a result, we have established governance oversight that starts with the Board of Directors and reverberates through our leadership at executive and management levels. 

 

Operational Resilience

 

Sustainability risks that may have a potential impact on Marvell business are evaluated during our annual Enterprise Risk Management (ERM) process. This process enables us to identify short-, medium- and long-term risks impacting our business, better understand the likelihood of risk occurrence and the magnitude of its potential impact and ultimately manage and timely respond to any identified risks. The ERM process is led by the Chief Security Officer and the Executive Leadership Team (ELT), and it includes a review of risks across various business categories, including Financial, Operational, Strategic, Sales, Engineering, Information, Organizational and Legal & Regulatory.