Micron plans to spend $1 billion by 2028 to meet its environmental targets, which also include 75% water conservation and 95% waste diversion globally in 2030. In 2021, Micron announced the closing of a $1 billion green bond in which net proceeds from issuance will be allocated to eligible projects that the company believes can drive its sustainability priorities, including renewable energy, green buildings, energy efficiency, water management, pollution control and a circular economy in line with the company's Green Bond Framework. Micron will continue to be transparent about its progress towards these goals with regular updates to stakeholders in its annual sustainability report and other outlets.