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
Twitter Inc. said it is expanding engineering center in Singapore, its Asia Pacific headquarters. The number of engineers there will be doubled to over 100 staff in 2023. Focused on product innovations and improvements, the new hires will work from Singapore on global initiatives for Twitter. These new technical hires will span roles in engineering, data science, machine learning and product... The U.S. Food and Drug Administration (FDA) has granted approval and reissued the revised Emergency Use Authorization (EUA) to Gilead Sciences Inc. for antiviral drug Veklury (remdesivir) to treat certain non-hospitalized adults and pediatric patients with mild-to-moderate COVID-19 disease. Shares of Philips Electronics NV were losing more than 4 percent in the morning trading in Amsterdam as well as in pre- market activity on the NYSE, after the Dutch consumer electronics giant reported lower profit and sales in its fourth quarter. Comparable sales declined, while comparable order intake increased. Further, the company maintained its dividend, and said it expects to start the year
Follow RTT