Energy Efficiency, GHG Emissions, Industrial - December 1, 2023
Applied Materials’ Goals Approved by SBTi
Semiconductor company Applied Materials, Inc. announced that its science-based Scope 1, 2 and 3 emissions reduction targets were validated by the Science Based Targets initiative (SBTi).
“Semiconductors are the foundation of technology advancements that are transforming the global economy and can improve peoples’ lives in so many ways. As demand for semiconductors increases, we must grow responsibly by collaborating broadly to reduce the industry’s environmental impact,” said Gary Dickerson, President and CEO of Applied Materials, in a statement. “SBTi’s validation of our emissions reduction targets reflects Applied Materials’ commitment to minimize our own carbon footprint and to work closely with our suppliers and customers to help them achieve their climate goals.”
Applied’s Scope 1 and Scope 2 GHG emissions are those produced directly by the company and by the energy it purchases. Its Scope 3 emissions, which make up more than 99% of Applied’s carbon footprint, consist of the upstream emissions from the company’s supply chain and the downstream emissions from the use of its products by customers.
These are Applied’s near-term science-based targets that have received SBTi 's validation:
- Reduce absolute Scope 1 and 2 GHG emissions 50% by FY2030 from a FY2019 base year,
- Increase active annual sourcing of renewable electricity from 36% in FY2019 to 100% by FY2030 and
- Lower Scope 3 GHG emissions from the use of sold products 55% per million USD of value added by FY2030 from a FY2019 base year.
Applied will collaborate closely with its customers, suppliers and industry partners to lower its Scope 3 emissions by furthering the company’s “3x30” program, which defines goals for improving energy efficiency and reducing the chemical impacts of its semiconductor manufacturing equipment.
The company will also engage and support customers to transition to clean energy to power their chip manufacturing facilities where Applied’s equipment is used and also support grid decarbonization efforts in key markets through advocacy and industry initiatives
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