#Germany #Munich #SBTi #Infineon Technologies #CO₂ Reduction

Infineon Technologies Achieves Major Sustainability Milestone

Infineon Technologies AG, a prominent player in the semiconductor industry, has recently received approval from the Science Based Targets initiative (SBTi) for its ambitious greenhouse gas emission reduction targets. This significant milestone marks an advancement in Infineon’s commitment to sustainability and climate action.

The SBTi is a global body that helps companies set science-based emissions reduction targets aligned with climate science. Infineon's emission reduction goals encompass both its direct operations, referred to as scope 1 and 2 emissions, and emissions throughout its supply chain, categorized as scope 3 emissions. Notably, the approved scope 1 and 2 targets are aligned with the Paris Agreement, which aims to limit global temperature rise to 1.5 degrees Celsius. Infineon is dedicated to achieving a 72.5% reduction in absolute scope 1 and 2 greenhouse gas emissions by 2030, using 2019 as the base year.

Committing to Scope 3 Reductions

In a groundbreaking move, Infineon has introduced an official scope 3 target, that further emphasizes its proactive approach to sustainability by targeting emissions attributed to the entire supply chain. The company plans to ensure that 72.5% of its suppliers will have set science-based targets for emissions reductions by 2029. This collaborative effort highlights Infineon’s recognition that reducing emissions is not solely about internal measures, but also about engaging and working alongside suppliers to facilitate broader decarbonization across its value chain.

Elke Reichart, member of the Management Board and Chief Digital and Sustainability Officer at Infineon, expressed the significance of the certification: "The validation of our decarbonization targets by the Science Based Targets initiative is an important milestone in Infineon's sustainability efforts. It underscores our commitment to reducing greenhouse gas emissions along our entire value chain."

Climate change is perceived as one of the most pressing challenges facing society today, and businesses worldwide are increasingly called upon to play their part in mitigating its impacts. Infineon's establishment of both scope 1, 2, and now scope 3 targets underscores its proactive stance and accountability in addressing environmental issues.

Long-term Goals and Strategies

In addition to meeting its science-based targets, Infineon remains steadfast in pursuing its goal of achieving CO2 neutrality for its direct emissions by 2030. Initiatives such as voluntary greenhouse gas abatement, enhancing energy efficiency, and a focus on renewable energy sources, specifically green electricity, are integral components of Infineon’s strategies to minimize its carbon footprint.

The SBTi operates as a collaboration among major organizations including the Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI), and the World Wildlife Fund (WWF). Their framework provides companies with clarity in designing effective pathways for reducing greenhouse gas emissions while aligning corporate objectives with the latest climate science.

Infineon Technologies AG epitomizes the blend of industrial innovation and environmental responsibility, driving forward not only the technology sector but also sustainable practices within it. As a global leader in semiconductors for power systems and the Internet of Things (IoT), Infineon's initiatives serve as a benchmark for other companies in their respective industries. With the approval of their ambitious targets, they set a clear precedent and encourage others to prioritize sustainability in their long-term business strategies.

In conclusion, Infineon’s recent achievement with SBTi stands as a testament to the company’s dedication to creating a sustainable future. It reflects a larger movement within the technological industry, where the emphasis on sustainability is increasingly pivotal, fostering an enduring commitment to combat climate change. Stakeholders and consumers alike will be watching closely as Infineon progresses on its journey towards significant carbon reduction, and their ongoing efforts to engage suppliers creatively and collaboratively will be critical in achieving these ambitious goals.