Infineon Technologies Sets Bold Emission Reduction Goals
Infineon Technologies Achieves Milestone in CO2 Reduction
Infineon Technologies AG has made a significant leap in its journey towards sustainability by obtaining approval from the Science Based Targets initiative (SBTi). This recognition verifies the company's ambitious targets to reduce greenhouse gas emissions across its operations and supply chain. The journey is marked by a commitment to reduce both Scope 1 and Scope 2 emissions, as well as clear goals for Scope 3 emissions.
Understanding Scope 1, 2, and 3 Emissions
Scope 1 and 2 emissions are those generated directly from a company's activities, while Scope 3 accounts for emissions across the entire supply chain. Infineon has established stringent targets to lower its absolute Scope 1 and 2 greenhouse gas emissions by a remarkable 72.5% by 2030, using 2019 as the baseline year. This aligns well with the Paris Agreement's objective to maintain global average temperature increase well below 2°C, ideally aiming for 1.5°C.
Collaborative Efforts with Suppliers
In addition to aggressive internal targets, Infineon is actively engaging with over one hundred suppliers to identify and implement solutions that also lower CO2 emissions. This initiative underlines the company’s commitment to sustainability and fostering collaborative relationships that benefit all parties involved.
Steady Progress Towards Carbon Neutrality
Infineon's commitment to decarbonization extends beyond the approved targets. The company is dedicated to achieving CO2 neutrality for Scope 1 and 2 emissions by the year 2030. This goal emphasizes various strategies, including voluntary greenhouse gas reduction initiatives, energy efficiency upgrades, and sourcing renewable energy.
The Role of the Science Based Targets Initiative
The Science Based Targets initiative is a collaborative effort involving several organizations including the Carbon Disclosure Project (CDP) and the United Nations Global Compact. It provides companies with a standardized approach towards establishing targets that are consistent with climate science. These targets serve as vital components for global efforts to combat climate change.
Infineon's Ongoing Commitment and Future Directions
Looking ahead, Infineon is set on a path that integrates sustainability into its core operations. Beyond current emissions reduction targets, the company aims to ensure that a significant percentage of its suppliers have science-based targets by 2029. This approach not only promotes accountability but also enhances the overall sustainability of the supply chain.
Innovation and Sustainable Practices
Infineon's technological offerings play a vital role in supporting the transition towards sustainability. By focusing on creating power systems that are efficient and provide substantial energy savings, the company paves the way for a greener future. This innovation in technology is designed to aid various industries in achieving their own sustainability goals.
Company Overview and Contact Information
Infineon Technologies AG, a trailblazer in the semiconductor industry, specializes in power systems and Internet of Things (IoT) solutions. With a workforce of approximately 58,060 employees worldwide, the company generated revenues of around €15 billion in the most recent fiscal year. Infineon is publicly traded on the Frankfurt Stock Exchange under the ticker IFX and also available on the OTCQX market in the USA under IFNNY.
For inquiries related to this initiative or further information about the company, you can reach out to the following contacts:
Diana Kaaserer (Headquarters): +49 89 234 36571
Agnes Toan (Americas): +1 408 250 1814
Lin Zhu (Greater China): +86 21 6101 9199
Yasuyuki Kamiseki (Japan): +81 3 4595 7079
Frequently Asked Questions
What are the Scope 1 and 2 targets set by Infineon?
Infineon aims to reduce Scope 1 and 2 greenhouse gas emissions by 72.5% by 2030 from a 2019 baseline.
What does Scope 3 emissions entail?
Scope 3 emissions encompass all indirect emissions associated with a company’s supply chain, including those related to purchased goods, services, and upstream transportation.
How is Infineon engaging with its suppliers on emissions reduction?
Infineon collaborates with over a hundred suppliers to devise effective strategies that help mitigate CO2 emissions within the supply chain.
What is the main goal Infineon has set for itself by 2030?
Infineon aspires to achieve CO2 neutrality for its Scope 1 and 2 emissions by 2030, reinforcing its commitment to climate action.
What are the benefits of the Science Based Targets initiative?
SBTi provides companies with a framework to set science-based targets aligned with global climate goals, aiding them in lowering greenhouse gas emissions effectively.
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