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Soitec engages to set new world local weather and sustainability targets
Environmental, Social and Governance (ESG): Soitec cooperates with Science Primarily based Targets initiative and enters Gaïa Index
Bernin (Grenoble), France, January 11, 2021. – Soitec, a key participant in semiconductors, engages to set itself new and bold mid- and long-term targets to chop its greenhouse gasoline (GHG) emissions and enhance its help to succeed in the targets of the COP21 Paris Settlement on local weather change.
Soitec’s targets and achievements in environmental sustainability will probably be monitored, validated and disclosed in cooperation with the globally acknowledged Science Primarily based Targets initiative (SBTi).
Soitec designs and manufactures modern semiconductor supplies which might be minimize into chips to make circuits for digital elements. It provides applied sciences to miniaturize chips, enhance their efficiency and scale back their vitality consumption; it considerably contributes – in its long-term applications and engagements in addition to in its manufacturing and merchandise – to decrease GHG emissions and enhance sustainability in microelectronics, specifically in strategic finish markets like 5G purposes, automotive, Web of Issues, Synthetic Intelligence, cloud and edge computing.
The SBTi is an alliance of the Carbon Disclosure Challenge (CDP), a world non-profit group that drives firms and governments to cut back their GHG emissions, the UN World Compact program, the World Assets Institute and the World Vast Fund for Nature (WWF). The SBTi gives firms with a path to cut back GHG emissions, according to the Paris Settlement on local weather change signed on November 2016.
Soitec engaged with the SBTi to work on setting bold and measurable mid- and long-term targets to cut back its carbon footprint and talk its targets inside the subsequent months. In 2020, the corporate carried out its first voluntary world scope 3 evaluation of its GHG emissions. Soitec was additionally awarded the Grand Prix of Digital Acceleration within the class “Impression for Good” by the French BFM Enterprise channel; the award acknowledged a discount of the vitality consumption of every wafer produced by Soitec on its French important web site by 63 per cent over the past six years.
Because of its first efforts to observe and report these knowledge, Soitec achieved an improve within the CDP score from class F to class C in December 2020.
Final week, Soitec obtained an 82/100 rating in Gaïa Ranking’s 2020 ESG survey, rating 16th amongst 230 rated firms. As a consequence, Soitec joined the Gaïa Index, which teams the 70 top-rated firms and was revealed yearly for the 12th time.
“Soitec is dedicated to help the Paris local weather targets and has been actively engaged in slicing world greenhouse gasoline emissions for a few years,” says Paul Boudre, CEO of Soitec. “Sustainability is in our DNA. We’re engaged and dedicated not solely to ship essential contributions to the discount of emissions in our personal manufacturing amenities; however we additionally help our clients in enhancing their carbon footprints. Our applied sciences drive the vitality effectivity of a giant vary of microelectronics, spanning from 5G smartphones and infrastructures, client electronics, automobiles, sensors, energy provide and batteries to radar, robotics, imaging, cloud and edge computing in addition to area purposes. Working with SBTi will permit us to proceed our efforts, set ourselves much more bold targets, and thus set new benchmarks for environmental sustainability.”
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Agenda
Q3’21 gross sales are on account of be revealed on January 21st, 2021 after market shut.
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About Soitec
Soitec (Euronext, Tech 40 Paris) is a world chief in designing and manufacturing modern semiconductor supplies. The corporate makes use of its distinctive applied sciences and semiconductor experience to serve the electronics markets. With greater than 3,300 patents worldwide, Soitec’s technique relies on disruptive innovation to reply its clients’ wants for top efficiency, vitality effectivity and value competitiveness. Soitec has manufacturing amenities, R&D facilities and workplaces in Europe, the U.S. and Asia.
Soitec and Sensible Lower are registered emblems of Soitec.
For extra data, please go to www.soitec.com and comply with us on Twitter: @Soitec_EN
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Soitec is a French joint-stock company with a Board of Administrators (Société Anonyme à Conseil d’administration) with a share capital of € 66,557,802.00, having its registered workplace situated at Parc Technologique des Fontaines – Chemin des Franques – 38190 Bernin (France), and registered with the Grenoble Commerce and Corporations Register beneath quantity 384 711 909.
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