- Infineon Technologies (IFNNY, Financial) has received SBTi approval for ambitious CO2 emission reduction targets.
- The company aims to reduce scope 1 and 2 emissions by 72.5% by 2030, based on 2019 levels, aligning with the Paris Agreement.
- Infineon collaborates with over 100 suppliers to achieve CO2 neutrality for scope 1 and 2 emissions by 2030.
Infineon Technologies AG (IFNNY), a leading global semiconductor company, has achieved a significant milestone in its sustainability journey. The Science Based Targets initiative (SBTi) has approved Infineon's targets to significantly reduce greenhouse gas emissions. Specifically, Infineon commits to reducing its absolute scope 1 and 2 emissions by 72.5% by 2030 compared to 2019 levels. This aligns with the ambitious goals of the Paris Agreement to limit global temperature rise to 1.5°C.
The company also addresses scope 3 emissions by targeting that 72.5% of its suppliers implement science-based targets by 2029. This initiative includes emissions from purchased goods, services, capital goods, and upstream transportation. Infineon's proactive collaboration with over 100 suppliers plays a crucial role in this strategy, as it works towards CO2 emission reductions throughout its supply chain.
Infineon's ongoing commitment to environmental sustainability includes its target to achieve carbon neutrality for scope 1 and 2 emissions by 2030. The company emphasizes voluntary abatement strategies, energy efficiency improvements, and the use of green electricity to meet these objectives. By receiving SBTi approval, Infineon's emission targets are validated as science-based, ensuring they help achieve global climate goals.
