Infineon Sets Bold CO2 Reduction Targets Approved by Science Based Targets Initiative

Infineon Technologies Achieves Major Sustainability Milestone

Infineon Technologies AG has taken a significant step in its journey towards sustainability by gaining approval from the Science Based Targets initiative (SBTi) for its ambitious greenhouse gas emissions reduction targets. This recognition represents a crucial milestone in the company's decarbonization efforts and highlights its commitment to addressing climate change.

The approval encompasses Infineon's operational emissions, specifically categorized as Scope 1 and 2 emissions, while also extending to emissions from the supply chain, classified as Scope 3. Infineon's ambitions align with the goals set forth in the Paris Agreement, aiming to limit global temperature increase to 1.5 degrees Celsius. For near-term CO2 reduction, the company's goals fall under the most rigorous standards defined by the SBTi.

The Paris Agreement demands urgent action to combat climate change, and Infineon's recent endorsement amplifies its commitment. The SBTi serves as a collaborative platform established by several organizations, including the Carbon Disclosure Project and the World Resources Institute, to help companies develop science-based strategies for reducing greenhouse gas emissions.

To meet its objectives, Infineon has pledged to reduce its absolute Scope 1 and 2 greenhouse gas emissions by an impressive 72.5 percent by 2030, using 2019 as the baseline year. Scope 1 and 2 targets pertain to emissions directly resulting from the company's own operations. In parallel, Infineon has set a proactive Scope 3 target to engage its supply chain in carbon reduction, committing to ensure that 72.5 percent of its suppliers will achieve science-based targets related to emissions by 2029.

This partnership with suppliers plays a pivotal role in Infineon's overall sustainability strategy. The procurement team has already started actively collaborating with over a hundred suppliers, focusing on innovative solutions to reduce CO2 emissions across the supply chain. Elke Reichart, a member of the Management Board and Chief Digital and Sustainability Officer at Infineon, emphasized the importance of this validation, stating, "It underscores our commitment to reducing greenhouse gas emissions across our entire value chain."

The importance of addressing climate change cannot be overstated. It poses one of the most significant threats to society, and Infineon's proactive measures demonstrate a responsible approach to mitigate its impacts. The company's efforts extend beyond just reducing operational emissions; they encompass a comprehensive strategy that requires engaging with all stakeholders in its value chain.

In addition to its newly approved targets, Infineon reaffirms its earlier commitment to achieving CO2 neutrality in its direct operations by 2030 (Scope 1 and 2), a goal announced in 2020. This ongoing dedication to reducing greenhouse gas emissions remains a top priority for the company.

Key levers for achieving these reductions include voluntary greenhouse gas abatement initiatives, energy-efficient practices, and the utilization of green electricity, reflecting a holistic approach to sustainability.

With this recent endorsement from the SBTi, Infineon underscores its role as a leader in the semiconductor industry, leveraging technology to drive both decarbonization and digitalization. Boasting a workforce of approximately 58,060 globally and generating around €15 billion in revenue for the fiscal year ending September 30, 2024, Infineon stands at the forefront of the push toward a more sustainable future.

In conclusion, Infineon's approval from the Science Based Targets initiative represents an important recognition of its ambitious goals. By addressing both direct operations and supply chain emissions, the company strategically positions itself as a transformative player committed to combating climate change through proactive measures and collaborative partnerships.