Qualcomm’s 2023 Corporate Responsibility Report: Our Approach to Operating Sustainably

Originally published in Qualcomm's 2023 Corporate Responsibility Report

NORTHAMPTON, MA / ACCESSWIRE / April 2, 2024 / We work to be a positive force in protecting the environment by continually looking for ways to develop our ESG programs. We take actions that conserve water, lower emissions, minimize energy consumption and strive to reduce the impact of our waste disposal practices. We believe that environmental sustainability is extremely important, with significant social and economic benefits that require collective action and leadership from our Company and other corporate citizens.

Our operations are designed to provide and maintain safe, healthy and productive working conditions that meet relevant and applicable requirements. We strive to conserve natural resources and improve our resilience and our environmental, health and safety performance.

2025 Goal
Reduce absolute Scope 1 and Scope 2 GHG emissions 30 percent from a 2014 base year.¹⁸

2030 Goals
(SBTi Validated) Reduce absolute Scope 1 and Scope 2 GHG emissions 50 percent from a 2020 base year.¹⁸

Reduce absolute Scope 3 GHG emissions 25 percent from a 2020 base year.¹⁸

2040 Goal
(SBTi Validated) Reach net-zero global GHG emissions across our value chain.

Sustainability Goals

The best breakthroughs are sustainable.

Addressing the Climate Challenge

We are committed to achieving net-zero GHG emissions across our value chain by 2040. As of 2023, our corporate GHG reduction targets have been approved by the SBTi. The steps we have taken reflect our belief in the urgency of action to limit global temperature rise to 1.5°C and our commitment to emission cuts aligned with the latest climate science. We act in a manner consistent with the notion that climate change is a serious environmental, social and economic issue that calls for immediate and concerted action among all sectors of society.

In line with our commitments, in 2023, we conducted our second CSA, including a quantitative analysis of climate-related physical risks, a quantitative analysis of climate-related transition risks and opportunities and a qualitative analysis of climate-related transition risks and opportunities. These analyses were used to estimate potential financial impacts on our Company, our key suppliers and customers and our value chain. The timeframes considered included the short term (presentday), medium term (2030) and long term (2040). We identified several potential impacts and opportunities to monitor over the time periods assessed. For more information, please see our TCFD Index.

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