GlobalData offers a comprehensive analysis of Silicon Laboratories, 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 Silicon Laboratories‘ ESG performance. GlobalData’s company profile on Silicon Laboratories 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.
Silicon Laboratories, a semiconductor company, is committed to reducing its GHG emissions. The company is committed to a substantial reduction in scope 1 and 2 greenhouse gas (GHG) emissions, targeting a 50% decrease at its Austin headquarters by 2025. As of 2022, significant strides have been made, with a noteworthy 46% reduction in GHG emissions compared to 2018 levels. Setting ambitious goals for renewable energy usage, the company aims for 100% reliance on renewable energy at its Austin headquarters by 2025. Furthermore, it aspires to achieve 100% renewable energy utilization in all applicable facilities by the same year. As of 2022, the company has made commendable progress, achieving a 65% utilization of renewable energy at its Austin headquarters. In terms of emissions in 2022, the company reported total emissions of 107,732 mtCO2e. Of this, Scope 1 emissions of 33 mtCO2e, Scope 2 emissions of 1,587 mtCO2e, and Scope 3 emissions of 106,112 mtCO2e.
Trinity Consultants, an independent assurance provider, conducted verification activities to ensure the accuracy and fairness of Silicon Laboratories' GHG emissions data. Trinity reviewed the company's corporate consolidation of data for GHG emissions and compared it to data from individual facilities. They also reviewed Silicon Laboratories' GHG inventory quantification approach, including calculations and emission factors. Trinity's verification activities were conducted in accordance with standard assurance methodology.
Silicon Laboratories, in its commitment to sustainability, has initiated measures to curb emissions and implemented comprehensive programs and management systems. The company is actively engaged in promoting the manufacturing of low-carbon technologies and products, contributing to efforts aimed at mitigating climate change. Additionally, Silicon Laboratories has made substantial investments in renewable energy, resulting in a noteworthy increase in renewable energy consumption compared to prior years. Acknowledging the importance of water usage and waste management, the company places emphasis on these aspects as part of its sustainability initiatives. Furthermore, Silicon Laboratories is steadfast in its commitment to transitioning towards a lower-carbon economy, with climate change oversight by the board.
In conclusion, Silicon Laboratories actively commits to a substantial reduction in greenhouse gas emissions, prioritizing renewable energy and sustainability initiatives. The company has established specific targets and demonstrated considerable progress toward achieving a lower-carbon future. This commitment is underscored by investments and rigorous verification activities, showcasing Silicon Laboratories' dedication to environmental responsibility and fostering a more sustainable approach to business operations.