Press release
Qualcomm Announces Goal to Achieve Net-Zero Emissions by 2040
- Commits to Science Based Targets Initiative - SAN DIEGO, Nov. 1, 2021 /PRNewswire/ -- Qualcomm Incorporated today announced plans to achieve net-zero
About this update from Qualcomm Incorporated
[{"type":"text","content":"- Commits to Science Based Targets Initiative -\n\n\nSAN DIEGO, Nov. 1, 2021 /PRNewswire/ -- Qualcomm Incorporated today announced plans to achieve net-zero global emissions for Scopes 1, 2 and 3 by 2040 and committed to the Science Based Targets initiative's (SBTi) Business Ambition for 1.5°C. This builds on the Company's existing greenhouse gas (GHG) emissions reduction goal and includes interim 2030 science-based emissions reduction targets across Scopes 1, 2 and 3. \n\"Our net-zero goal and commitment to SBTi reflects our belief that environmental sustainability is absolutely imperative, with significant social and economic benefits that require collective action and leadership from Qualcomm and other corporate citizens,\" said Cristiano Amon, president and chief executive officer, Qualcomm Incorporated.\nQualcomm has set three long-term GHG reduction goals, which supplement the Company's existing 2025 GHG reduction strategy: \nTo reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030 from 2020 base year. To reduce absolute Scope 3 GHG emissions by 25% by 2030 from 2020 base year. To reach net-zero global emissions for Scopes 1, 2 and 3 by 2040. Qualcomm is already working towards achieving these long-term goals by purchasing 100% renewable energy for its San Diego headquarters. The Company's strategy includes transitioning to renewable energy via long-term Power Purchase Agreements (PPAs), decarbonizing its operations and using a minimal amount of Renewable Energy Credits (RECs) and carbon offsets for residual emissions. \nThe wireless industry and cellular connectivity are connecting everyone and everything which is creating efficiencies, reducing power consumption of computing and consumer electronics and helping close the digital divide. At Qualcomm our technologies, seek to offer innovative ways to maximize the performance of devices, while reducing the amount of energy they use. For example, Snapdragon platforms, which power a wide range of devices, are industry-leading in their power consumption optimization, enabling longer battery life and increasing the time the device can be in use before recharging. \n\"5G technologies and products will be instrumental in driving an environmentally sustainable future. We're working with our partners and customers to reduce emissions footprints, conserve resources and harness...