STMicroelectronics Sets Target to Become Carbon Neutral by 2027

The company will also source 100 per cent renewable energy by 2027 through a combination of on-site solar installations, green-power purchase agreements and green certificates. The target compares to a baseline of 26 per cent in 2019.

December 10, 2020. By Manu Tayal

Geneva-headquartered semiconductor specialist STMicroelectronics (ST) has set a target to become carbon neutral by 2027, with two specific targets i.e. compliance with 1.5°C scenario defined at the Paris COP21 by 2025, which implies 50 per cent reduction of direct and indirect emissions compared to 2018, and the sourcing of 100 per cent renewable energy by 2027.

The company’s action plan will reduce:

  • Its direct emissions of greenhouse gases, mainly through investment in equipment to burn the gases remaining after manufacturing;
  • Its overall energy consumption;
  • Its emissions from product transportation, business travel, and employee commuting;
  • Remaining emissions through the identification and implementation of the most credible and relevant carbon avoidance and sequestration programs.

The company will also source 100 per cent renewable energy by 2027 through a combination of on-site solar installations, green-power purchase agreements and green certificates. The target compares to a baseline of 26 per cent in 2019.

Further, it will also implement collaborative programs and partnerships in all its ecosystems to promote carbon neutrality among all stakeholders and to encourage environmental innovations.

Commenting on the development, Jean-Marc Chery, President & CEO of STMicroelectronics said that “sustainability is part of our DNA, values, and business model, and we have achieved strong results across all key metrics throughout the last 25 years. The innovative technologies we develop play a key role in helping to solve our customers’ challenges, and we believe they also bring an important contribution to overcome global environmental, social, and societal challenges. We have obtained solid results with our previous plans, but we will do more.”

“ST is stepping up its ambition and plans for the sustainability of its operations. We will become carbon neutral by 2027, for the 40th anniversary of ST’s creation. We have built a comprehensive program with very ambitious targets for a company with such a large, global manufacturing footprint, and we will be working with key partners and stakeholders in a collaborative approach,” Chery added.

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