GlobalData offers a comprehensive analysis of STMicroelectronics, 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 STMicroelectronics‘s ESG performance. GlobalData’s company profile on STMicroelectronics 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.

STMicroelectronics, a global semiconductor company, is committed to reducing its carbon emissions. The company aims to achieve carbon neutrality by 2027 in all direct and indirect emissions from scope 1 and 2, with a specific focus on reducing emissions from product transportation, business travel, and employee commuting for scope 3. This commitment highlights the importance of emission reduction for STMicroelectronics and its dedication to environmental sustainability.

In terms of current carbon emissions, STMicroelectronics reported 972KT net CO2 equivalent emissions and the company's commitment to adopting 100% renewable energy sources by 2027 through energy procurement and green energy installations indicates a proactive approach to reducing its carbon footprint. In 2022, the company’s emissions reported for scope 1 was 504 KTons CO2 eq, scope 2 was 358 KTons CO2 eq and scope 3 was 111 KTons CO2 eq.

STMicroelectronics has already taken steps towards emission reduction and has set specific goals for waste management and water recycling. The company aims to reuse or recycle 95% of its waste by 2025 and recycle at least 50% of the water used each year. These initiatives demonstrate the company's commitment to sustainable practices beyond carbon emissions reduction.

STMicroelectronics is expected to make further investments in emission reduction. The company plans to adopt 100% renewable energy sources, which will contribute significantly to reducing its carbon footprint. By procuring renewable energy and implementing green energy installations, STMicroelectronics aims to transition to a more sustainable energy mix.

In conclusion, STMicroelectronics is dedicated to achieve carbon neutrality by 2027. The company has set specific goals for waste management, water recycling, and renewable energy adoption. By focusing on scope 1, scope 2, and scope 3 emissions, STMicroelectronics aims to address its direct and indirect environmental impact. Through these efforts, the company demonstrates its dedication to protecting the planet and contributing to a more sustainable future.

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