logo
  

Qualcomm Plans To Achieve Net-zero Global Emissions For Scopes 1, 2 And 3 By 2040 - Quick Facts

Wireless technology innovator Qualcomm Inc. (QCOM) announced Monday plans to achieve net-zero global emissions for Scopes 1, 2 and 3 by 2040 and committed to the Science Based Targets initiative's (SBTi) Business Ambition for 1.5°C.

This builds on the Company's existing greenhouse gas (GHG) emissions reduction goal and includes interim 2030 science-based emissions reduction targets across Scopes 1, 2 and 3.

Qualcomm has set three long-term GHG reduction goals, which supplement the Company's existing 2025 GHG reduction strategy.

The company intends to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030 from 2020 base year. It will also reduce absolute Scope 3 GHG emissions by 25% by 2030 from 2020 base year and expects to reach net-zero global emissions for Scopes 1, 2 and 3 by 2040.

Qualcomm is already working towards achieving these long-term goals by purchasing 100% renewable energy for its San Diego headquarters.

The Company's strategy includes transitioning to renewable energy via long-term Power Purchase Agreements (PPAs), decarbonizing its operations and using a minimal amount of Renewable Energy Credits (RECs) and carbon offsets for residual emissions.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert for Plumrose USA's ready-to-eat or RTE ham product citing that it may not be fully cooked due to underprocessing. The product subject to the public health alert is 1-lb resealable plastic packages containing "Great Value Black Forest Ham Water Added" with a "BEST IF USED BY 07/15/22". America New York Ri Wang Food Group Co., Ltd. is recalling around 14,635 pounds of ready-to-eat or RTE pork sausage products due to possible contamination with extraneous materials, specifically metal, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS said. The TJX Companies, Inc. (TJX) said its first-quarter pretax profit margin and earnings per share, each on an adjusted basis, exceeded its plans even though sales were slightly below planned range. Adjusted pretax margin was 9.4%, excluding a 1.9 percentage point charge related to a write-down of the...
Follow RTT