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 climate change 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, a leading technology company, has set a target for net-zero by 2040. The company aims to achieve net-zero emissions for Scopes 1, 2, and 3 by 2040 and pledged adherence to the Science Based Targets initiative's (SBTi) Business Ambition for 1.5°C. In terms of emissions data, Qualcomm disclosed 104,850 mtCO2e for Scope 1 emissions, 160,417 mtCO2e for Scope 2, and 6,394,094 mtCO2e for Scope 3 in 2022. The company has demonstrated advancement by achieving an estimated 28% reduction in greenhouse gas emissions compared to the 2014 baseline.

Qualcomm has implemented a three-part emissions mitigation strategy. This strategy includes transitioning to renewable energy through long-term power purchase agreements (PPAs), decarbonizing operations by replacing high global warming potential gases, and utilizing renewable energy credits (RECs) and carbon offsets for residual emissions. The company is also investing in clean energy projects, such as a 10-year renewable energy agreement with Shell Energy North America.

In addition to its net-zero targets, Qualcomm has joined the Science-Based Targets Initiative to align its emissions reduction goals with the latest climate science. The company aims to reduce absolute Scope 1 and 2 GHG emissions by 50% and Scope 3 emissions by 25% by 2030 from a 2020 base year. Qualcomm remains committed to its 2025 GHG reduction goal, which is in line with the necessary reductions to limit global warming to below 2°C.

Overall, Qualcomm is taking significant steps to reduce its GHG emissions and achieve its net-zero targets. The company's efforts include transitioning to renewable energy, decarbonizing operations, and setting science-based emissions reduction goals. By prioritizing sustainability and investing in clean technologies, Qualcomm is making a positive contribution in the fight against climate change.

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