Infineon Technologies Gains SBTi Approval for Ambitious CO2 Emission Reduction Targets
Infineon Technologies AG has received approval from the Science Based Targets initiative (SBTi) for its CO2 emission reduction targets. The company aims to reduce absolute scope 1 and 2 greenhouse gas emissions by 72.5% by 2030, compared to 2019 levels, in line with the Paris Agreement. Infineon also targets 72.5% of its suppliers to adopt science-based targets by 2029, emphasizing its commitment to decarbonization and CO2 neutrality in scope 1 and 2 emissions by 2030.
Infineon Technologies AG has received approval from the Science Based Targets initiative (SBTi) for its ambitious CO2 emission reduction targets, marking a significant milestone in its sustainability efforts. The company aims to reduce absolute scope 1 and 2 greenhouse gas emissions by 72.5% by 2030, compared to 2019 levels, aligning with the Paris Agreement to limit global temperature rise to 1.5°C. Additionally, Infineon has committed to a scope 3 target, where 72.5% of its suppliers, measured by emissions related to purchased goods and services, capital goods, and upstream transportation, will adopt science-based targets by 2029. This initiative underscores Infineon's dedication to decarbonization throughout its value chain, as it actively collaborates with over one hundred suppliers to further reduce emissions. The company also remains committed to achieving CO2 neutrality in scope 1 and 2 emissions by 2030, leveraging voluntary emission abatement, energy efficiency measures, and green electricity.
