Soitec engages to set new global climate and sustainability targets

Soitec engages to set new global climate and sustainability targets

Environmental, Social and Governance (ESG): Soitec cooperates with Science Based Targets initiative and enters Gaïa Index

Bernin (Grenoble), France, January 11, 2021. – Soitec, a key player in semiconductors, engages to set itself new and ambitious mid- and long-term targets to cut its greenhouse gas (GHG) emissions and increase its support to reach the objectives of the COP21 Paris Agreement on climate change. 

Soitec’s objectives and achievements in environmental sustainability will be monitored, validated and disclosed in cooperation with the globally recognized Science Based Targets initiative (SBTi).

Soitec designs and manufactures innovative semiconductor materials that are cut into chips to make circuits for electronic components. It offers technologies to miniaturize chips, improve their performance and reduce their energy consumption; it significantly contributes – in its long-term programs and engagements as well as in its production and products – to lower GHG emissions and improve sustainability in microelectronics, in particular in strategic end markets like 5G applications, automotive, Internet of Things, Artificial Intelligence, cloud and edge computing.

The SBTi is an alliance of the Carbon Disclosure Project (CDP), a global non-profit organization that drives companies and governments to reduce their GHG emissions, the UN Global Compact program, the World Resources Institute and the World Wide Fund for Nature (WWF). The SBTi provides companies with a path to reduce GHG emissions, in line with the Paris Agreement on climate change signed on November 2016.

Soitec engaged with the SBTi to work on setting ambitious and measurable mid- and long-term targets to reduce its carbon footprint and communicate its objectives within the next months. In 2020, the company performed its first voluntary global scope 3 analysis of its GHG emissions. Soitec was also awarded the Grand Prix of Digital Acceleration in the category “Impact for Good” by the French BFM Business channel; the award acknowledged a reduction of the energy consumption of each wafer produced by Soitec on its French main site by 63 per cent over the last six years.