Energy Efficiency, GHG Emissions, Industrial - June 28, 2024
Amkor’s Net-Zero Targets Approved by SBTi
Amkor Technology, Inc., a provider of semiconductor packaging and test services, announced that the Science Based Targets initiative (SBTi) verified the company’s near- and long-term science-based emissions reduction targets.
The company’s science-based net-zero targets include:
- Amkor commits to reach net-zero GHG emissions across the value chain by 2050.
- Amkor commits to reduce absolute Scope 1 and 2 GHG emissions 55% by 2033 from a 2022 base year. Amkor also commits that 80% of its suppliers by emissions covering purchased goods and services and capital goods will have science-based targets by 2028.
- Amkor commits to reduce absolute Scope 1 and 2 GHG emissions 90% by 2050 from a 2022 base year. Amkor also commits to reduce Scope 3 GHG emissions 97% per million USD value added within the same timeframe.
“The SBTi verification represents a significant milestone and demonstrates Amkor’s commitment to ambitious environmental stewardship and aligns with the global effort,” said Giel Rutten, Amkor’s president and CEO, in a statement. “It is incumbent upon Amkor to aggressively pursue climate action as the semiconductor industry continues to expand production of advanced technologies. As Amkor’s manufacturing footprint expands—in the US, Europe and in Vietnam—and our business grows, we anticipate increasing energy use in our operations. Consequently, decarbonization will become increasingly crucial for Amkor.”
Amkor’s focus now shifts to execution, and this includes increasing use of renewable energy sources in its operations over the next decade and prioritizing collective work across the value chain toward the goal of Scope 3 GHG reduction.
As part of SBTi’s approval, Amkor will regularly report progress towards its near- and long-term goals, reinforcing its commitment to transparency and a more sustainable future.
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