Lam Research Corp

Our nominating and governance committee oversees risks related to corporate governance, board effectiveness, director independence, Board and committee composition, political activities, and ESG matters not assigned to other committees. [...] In 2022, we expanded the role of our nominating and governance committee to include oversight of the Company's political activities. The committee's responsibilities include ensuring that the Company's political activities align with Company policy. The committee is also responsible for reviewing the Company's policy regarding political activities and spending at least annually, and for reviewing payments to trade associations and other third parties that may be used for political purposes. Our political activities are led by our Vice President of Global Government Affairs, who reports to the nominating and governance committee at least annually. For more details regarding our political activities, please refer to our public policy engagement and political activity statement located on the Investors section of our website at investor.lamresearch.com/corporate-governance.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Lam helps lead the SEMI Equipment Suppliers group to address new product regulations impacting the industry. For over 20 years, Lam has worked with stakeholders to develop, implement, and continuously improve the SEMI EHS Guidelines for Semiconductor Manufacturing Equipment. These standards are broadly used across the semiconductor industry and other industries to minimize hazards related to equipment, facilities, and work environments.

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

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Lam participates in the SEMI industry association to address new product regulations impacting the industry. For over 20 years, Lam has worked with stakeholders to develop, implement, and continuously improve the SEMI EHS Guidelines for Semiconductor Manufacturing Equipment. These standards are broadly used across the semiconductor industry and other industries to minimize hazards related to equipment, facilities, and work environments. In 2022, we were founding members of SEMI's Semiconductor Climate Consortium, the first global, ecosystem-wide collaborative of semiconductor companies dedicated to reducing industry-based emissions. Through collaboration, transparency, and ambitious goal setting, we aim to advance our industry's response to climate change.