Applied Materials Receives SBTi Validation of its Science-based Scope 1, 2 and 3 Emissions Reductions Targets
December 01 2023 - 7:30AM
Applied Materials, Inc. today announced that its science-based
Scope 1, 2 and 3 emissions reduction targets have received
validation from the Science Based Targets initiative (SBTi). By
setting a 1.5°C-aligned target, currently the most ambitious
designation available through the SBTi process, Applied is aligning
its emissions reduction program to the latest climate science,
validated by a third party, and will report its progress annually.
“Semiconductors are the foundation of technology advancements
that are transforming the global economy and can improve peoples’
lives in so many ways. As demand for semiconductors increases, we
must grow responsibly by collaborating broadly to reduce the
industry’s environmental impact,” said Gary Dickerson, President
and CEO of Applied Materials. “SBTi’s validation of our emissions
reduction targets reflects Applied Materials’ commitment to
minimize our own carbon footprint and to work closely with our
suppliers and customers to help them achieve their climate
goals.”
Applied’s Scope 1 and Scope 2 greenhouse gas emissions are those
produced directly by the company and by the energy it purchases.
Its Scope 3 emissions, which make up more than 99 percent of
Applied’s carbon footprint, consist of the upstream emissions from
the company’s supply chain and the downstream emissions from the
use of its products by customers. Following are Applied’s near-term
science-based targets that have received SBTi validation:
- Applied Materials, Inc. commits to reduce absolute scope 1 and
2 GHG emissions 50% by FY2030 from a FY2019 base year.
- Applied Materials, Inc. also commits to increase active annual
sourcing of renewable electricity from 36% in FY2019 to 100% by
FY2030.
- Applied Materials, Inc. further commits to reduce scope 3 GHG
emissions from use of sold products 55% per million USD of value
added by FY2030 from a FY2019 base year.
In order to achieve its ambitious emissions reduction targets,
particularly Scope 3, Applied will collaborate closely with its
customers, suppliers and industry partners, as outlined in the
company’s Net Zero 2040 Playbook unveiled earlier this year. Areas
of focus include:
- Furthering Applied’s “3x30” program, which defines goals for
improving the energy efficiency and reducing the chemical impacts
of its semiconductor manufacturing equipment
- Engaging and supporting customers to transition to clean energy
to power their chip manufacturing facilities where Applied’s
equipment is used
- Supporting grid decarbonization efforts in key markets through
advocacy and industry initiatives
In July, Applied joined with Intel as the inaugural corporate
sponsors of Schneider Electric’s Catalyze program, which aims to
accelerate access to renewable energy across the global
semiconductor value chain. Applied is also a founder and Governing
Council member of the Semiconductor Climate Consortium, a global,
ecosystem-wide effort to accelerate the semiconductor industry’s
greenhouse gas-reduction efforts.
Applied Materials has been reporting on social responsibility
and environmental matters since 2005. The company’s latest
Sustainability Report and Annex reflect activities and results
through the end of fiscal year 2022. To access the full reports and
learn more about Applied’s environmental actions as well as the
company’s efforts to advance its culture of inclusion and human
rights initiatives, please visit the Reports and Policies page of
our website.
Forward-Looking Statements and Reporting
UncertaintiesThis release contains forward-looking
statements, including our sustainability strategies and targets and
other statements that are not historical facts. These statements,
and their underlying assumptions and projections, are subject to
risks and uncertainties, and are not guarantees of future
performance. Factors that could cause actual results to differ
materially from those expressed or implied by such statements
include, without limitation: our and the industry’s ability to
achieve sustainability strategies and goals; failure to realize the
anticipated benefits of planned investments and technology
innovations related to sustainability; the level of demand for
semiconductors and our products; customers’ technology and capacity
requirements; the introduction of new and innovative technologies,
and the timing of technology transitions; our ability to develop,
deliver and support new products and technologies; market
acceptance of existing and newly developed products; and other
risks and uncertainties included in the “Risk Factors” section of
our SEC filings, including our recent Forms 10-K, 10-Q and 8-K. All
forward-looking statements are based on management’s current
estimates, projections and assumptions, and we assume no obligation
to update them.
Non-financial information is subject to measurement
uncertainties resulting from limitations inherent in the nature and
methods used for determining such data. The selection of different
but acceptable measurement techniques can result in materially
different measurements.
About Applied MaterialsApplied Materials, Inc.
(Nasdaq: AMAT) is the leader in materials engineering solutions
used to produce virtually every new chip and advanced display in
the world. Our expertise in modifying materials at atomic levels
and on an industrial scale enables customers to transform
possibilities into reality. At Applied Materials, our innovations
make possible a better future. Learn more at
www.appliedmaterials.com.
Contact:Ricky Gradwohl (editorial/media)
408.235.4676Michael Sullivan (financial community) 408.986.7977
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