Better Health for All

The provided articles do not contain specific, concrete data points that directly address the KPIs for the 'Better Health for All' value. Information regarding workplace safety, general environmental efforts, or STEM scholarships is not considered relevant to this value, which focuses on the health impact of products/services, health accessibility, and direct health initiatives. There is no evidence on the health impact of Veeco's products

, revenue from harmful products , user safety records , pricing of health products , reach to vulnerable populations for health needs , health-related R&D investment , health externalities , health equity programs , healthcare workforce support , preventative health measures , healthcare data responsibility , global health crisis response , mental health initiatives , pharma patent flexibility , nutrition and food safety , healthcare education , addiction mitigation , or clinical trial ethics .

Fair Money & Economic Opportunity

Veeco Instruments Inc. designs, develops, manufactures, and markets process equipment solutions. The company's core business is manufacturing, not financial services.

The provided articles do not contain any evidence that Veeco offers lending, deposit services, or other financial products to consumers or businesses. Therefore, the KPIs related to financial inclusion, pricing fairness, exploitative fees, wealth-building outcomes, or financial literacy initiatives are not applicable to its operations.

Fair Pay & Worker Respect

In 2024, the CEO-to-median employee pay ratio was 55:1, with the median employee pay at $124,704.

The company's employees are not represented by, or subject to, a collective bargaining agreement or union. The Total Case Incident Rate (TCIR) for work-related injuries was 0.70 in 2024, 0.45 in 2023, 0.77 in 2022, 0.81 in 2021, and 0.53 in 2020. There were no work-related fatalities reported from 2020 to 2024. The annual voluntary employee turnover rate was approximately 9.2% as of December 31, 2021. Veeco was not fined for any health and safety violations in 2024, and reported no fines or non-monetary sanctions for non-compliance with environmental laws or regulations during the reporting period. The company offers comprehensive benefits, including medical, dental, and vision coverage, short and long-term disability, life insurance, and retirement plans with company matching contributions, paying the majority or all costs for many of these benefits to full-time U.S. employees and their eligible dependents.

Fair Trade & Ethical Sourcing

Since June 2021, all of Veeco's purchase order terms and conditions include a clause requiring the supplier and their sub-tier suppliers to comply with Veeco's Supplier Code of Conduct.

This covers 100% of purchase order terms and conditions. In 2024, 87% of the procurement budget was directed to local suppliers operating within the United States, where Veeco's manufacturing locations are based. In 2022, this figure was approximately 78% for local suppliers in the US. Veeco actively seeks to provide opportunities for diverse suppliers and has begun tracking and working to improve its supplier diversity metrics.

Honest & Fair Business

Veeco has a formal whistleblower protection policy that includes a 24/7 employee concern hotline available in multiple languages, and a commitment to non-retaliation.

However, there is no evidence of specific training frequency or public measurement of program effectiveness. The Corporate Governance Guidelines state that at least two-thirds of the Board should consist of independent directors. Veeco's Human Rights Policy and Supplier Code of Conduct explicitly address FCPA compliance and prohibit bribery of government officials, but there is no evidence of training frequency or effectiveness metrics. For third-party verification, the Supplier Code of Conduct requires annual independent security audit reports (e.g., SOC-2 or ISO 27001) for suppliers accessing Veeco's information system, which covers a portion of ethical claims related to cybersecurity for suppliers, but not a broader scope of ethical claims.

Kind to Animals

Veeco Instruments Inc. has a stated policy of 'No Animal Exploitation', as reported by crueltyfreeinvesting.org.

This indicates a comprehensive no-testing policy, which aligns with the company's business of manufacturing equipment for electronics devices, a sector not typically associated with animal testing.

No War, No Weapons

Veeco's Laser Annealing systems, a product of its semiconductor process equipment technology, are currently held for review by U.S. Customs and the Bureau of Industry and Security (BIS) for export to customers in China, indicating dual-use potential.

The company screens suppliers for debarment from exporting privileges and states that suppliers must comply with all international and local trade regulations, controls on technology transfers, exports, re-exports, and imports, and must not participate in international boycotts not sanctioned by the U.S. government. Veeco has a Conflict Minerals Policy in accordance with the Dodd-Frank Act, requiring disclosure of conflict minerals sourced from the Democratic Republic of the Congo (DRC) and adjoining countries, and expects suppliers to engage in due diligence per the Responsible Minerals Initiative (RMI) protocol. The company's Human Rights Policy, last revised on June 4, 2025, states that operations are regularly evaluated against human rights standards. All employees are required to confirm and certify their understanding and compliance with the Code of Conduct on an annual basis. Veeco supports the Responsible Business Alliance (RBA) Code of Conduct and expects suppliers to adhere to its principles, as well as its own Code of Conduct, Human Rights Policy, and Conflict Minerals Policy. Veeco awarded eight academic scholarships to STEM students and donated over 200 hours in employee volunteer time in 2022, but no specific proportion of revenue is allocated to peacebuilding. The company conducts periodic onsite audits for critical suppliers to review process and quality controls, management accountability, and compliance with environmental and social regulations. Veeco prohibits paying bribes or other prohibited payments to government officials and private individuals.

Planet-Friendly Business

In 2023, Veeco's total Scope 1, 2, and 3 greenhouse gas emissions were 13,799 tCO₂e, with full Scope 1-3 published annually.

The company sourced 37.7% of its electricity consumption from renewable energy in 2023. In the same year, 10.1% of its water withdrawal came from high or extremely high water stress regions. Veeco reported zero regulatory compliance incidents for environmental issues in 2023.

Respect for Cultures & Communities

A third-party Employee Concern Hotline is available 24/7 in all languages where Veeco does business, accessible by phone and online.

Safety training is provided in a language easily understood by workers, and the Employee Concern Hotline is available in all languages where Veeco does business. In 2024, 87% of the procurement budget was spent on local suppliers in the United States. In 2021, Veeco awarded $11,000 in academic scholarships through the NAACP STEM Scholarship Fund. In 2022, Veeco donated $2,250 to support the Happy Hope Foundation.

Safe & Smart Tech

Veeco has not experienced any known data breaches since November 1, 2018, and has not incurred any penalties or settlement agreements related to information security breaches.

As of February 2026, the company is not aware of any current incidents materially affecting it. Veeco requires employees to undergo annual information security awareness training and conducts quarterly phishing exercises. The company aligns its security controls with the NIST Cybersecurity Framework and periodically retains external services for maturity assessments and risk identification. Veeco's Somerset, NJ, Plainview, NY, Horsham, PA, and San Jose, CA locations are ISO 9001:2015 certified. The company's privacy policy states that personal information is retained for as long as a commercial relationship exists and for 2 years after the last interaction, with EU job applicant data retained for 1 year and log/cookie data for generally no more than 13 months. Users can opt-out of marketing emails and request access or changes to their personal information.

Zero Waste & Sustainable Products

Veeco has not received any significant fines or non-monetary sanctions for non-compliance with environmental laws or regulations from 2018 to 2024.

The company engages with certified and licensed contractors for hazardous waste disposal and ensures staff responsible for managing hazardous waste are properly trained. A new waste reduction goal was established in July 2024 to reduce total waste (hazardous and non-hazardous) by 5% by the end of 2025, using 2023 as a baseline. Veeco has an Environmental & Social Responsibility Statement that applies to its suppliers to improve environmental conditions. The company offers services and support to increase the lifespan of its products, having upgraded, repaired, and refurbished tools in the field that have been up to 20 years old, and reutilizes chambers, frames, and electronic cores. Veeco has implemented several waste reduction initiatives, including a 25% reduction in hazardous waste at its San Jose facility by the end of 2020, exceeding a 2% target, and a 10% reduction at its Horsham facility from 2018 to 2019. Engineers consider chemical, water, and material inputs and efficiency throughout the product development process, following SEMI™S23 guidelines to baseline usage of key products.