GlobalData offers a comprehensive analysis of Qualcomm, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Qualcomm‘s ESG performance. GlobalData’s company profile on Qualcomm offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Qualcomm world’s leading wireless technology innovator has set a net-zero target and aims to achieve it by 2040. Qualcomm has expanded its reporting of Scope 3 emissions to include all relevant sources, including purchased goods and services, capital goods, fuel and energy-related activities, upstream and downstream transportation and distribution, waste generated in operations, business travel, employee commuting, use of sold products, and end-of-life treatment of sold products. The company's three-part emissions mitigation strategy includes transitioning to renewable energy in top operational footprint regions via long-term Power Purchase Agreements (PPAs), decarbonizing operations through the replacement of high global warming potential gases in manufacturing processes, and transitioning cogeneration plants at the San Diego, California headquarters to back-up power. Qualcomm is on track to meet its 2025 GHG goal and achieved a reduction of approximately 28% compared to a 2014 base year. The company has reported, total gross Scope 1 emissions is 104,850 tCO2e globally and total emissions from per-fluorinated compounds are 28,082 tCO2e.
Qualcomm has committed to and joined the Science-Based Targets Initiative to reduce absolute Scope 1 and 2 GHG emissions by 50% and Scope 3 GHG emissions by 25% by 2030 from a 2020 base year, and reach net-zero global operational GHG emissions for Scopes 1, 2, and 3 by 2040. The company maintains its 2025 GHG reduction goal to reduce absolute Scope 1 and 2 GHG emissions by 30% compared to a 2014 base year.
Qualcomm's manufacturing facilities' total hazardous waste is 779 metric tons, with 51% recycled, and total energy consumed is 731,262 GJ, including 87% of grid electricity and 34% from renewable energy sources. The company signed a 10-year structured renewable energy agreement with Shell Energy North America (US), L.P. (Shell Energy) in 2021, securing approximately 115,000 megawatt-hours of 100% renewable energy annually to power its headquarters campus in San Diego, reducing its Scope 2 emissions. The project conducted at the German manufacturing facility replaces high global warming potential gases used in processes, such as SF6 and NF3, with a Fluorine-based gas mixture that has a global warming potential of zero, greatly reducing direct Scope 1 emissions.
In conclusion, company believes that climate change is a serious environmental, social, and economic threat that calls for immediate and concerted action among all sectors of society. The company intends to continue to opt, where possible, for the generation of clean energy and the deployment of new technologies to reduce its environmental impact, among other measures. The company's Governance Committee of the Board reports at least annually on its ESG policies, programs, initiatives, and reporting, including climate change and water-related issues.