Raw: [
Global semiconductor equipment and services company KLA today announced that its near-term targets to reduce […]]
KLA Sets New 2030 Scope 3 Goal to Reduce Emissions from Use of Products – ESG Today
ESG Investing, sustainable finance & business sustainability news
ESG investing news, analysis, research and information
Top Stories ESG News
Companies
Government
Investors
Regulators
Sustainable Finance
ESG Solutions ESG Tools, Services
Companies Companies
Investors Investors
ESG Disclosure ESG Reporting
Analysis
Regulators
Reports, Studies
Newsfeed
Whitepapers
Events
About About us
Our Team
Advertise With Us
Companies/ Environment
KLA Sets New 2030 Scope 3 Goal to Reduce Emissions from Use of Products
Susan Lahey
August 15, 2024
Global semiconductor equipment and services company KLA today announced that its near-term targets to reduce greenhouse gas (GHG) emissions have been approved by the Science Based Targets initiative (SBTi) including its new Scope 3 goal targeting emissions from the use of its products by customers.
In 2022, the company announced its commitment to reduce Scope 1 and 2 GHG emissions by 50% by 2030 from a 2021 baseline. At that time the company announced also a goal to use 100% renewable electricity across global operations by 2030, in addition to pledging to work towards a Scope 3 emissions reduction target.
Scope 3 emissions represent the overwhelming majority (more than 98%) of the company’s GHG footprint, and use of sold products accounts for roughly three-quarters of Scope 3.
The company’s new Scope 3 goal is to achieve an emissions reduction of 52% per billion transistors inspected, measured, or processed by customers operating KLA products at their manufacturing sites by 2030 from a 2021 baseline. The company said that the target was set after modelling efficiency metrics and product roadmaps in order to plan a reduction of Scope 3.
Ahmad Khan, President, Semiconductor Process Control, Electronics, Packaging and Components, and KLA Instruments, said:
“Our intimate customer collaboration gives KLA unique insights into the challenges facing the industry, and this extends to how we think about measuring ourselves and our collective impact on the environment. The SBTi acceptance of KLA’s proposed science-based targets is exciting for us, and we believe it also helps establish a clear benchmark for others in our industry so that we might accelerate our work toward reduced emissions and better performance.”
The SBTi approval and new Scope 3 goal were announced alongside the release by KLA of its annual Global Impact Report for 2023, which provides stakeholder groups with a more detailed look at the company’s overall performance against stated ESG goals over the last calendar year.
John McLaughlin, Global ESG Leader at KLA, said:
“In much the same way we approach problem-solving with our customers, our Scope 3 goal is powered by the advances in technology to increase our efficiency, building on KLA’s 48-year heritage of offering leading solutions that can improve product yield and reduce waste across the semiconductor industry. With our near-term targets validated by SBTi, we have a clear metric to guide our sustainability journey, and we look forward to continuing to provide customers with solutions that help them meet their climate goals.”
Susan Lahey
Susan Lahey started her career as a business reporter for The Kansas City Star and has worked as a freelancer covering business, investment, technology, sustainability and science for numerous publications. She has also worked as a writer and editor for publicly funded projects mandating environmental cleanup of a molybdenum mine in Northern New Mexico; and recovery and resiliency measures following Hurricane Maria in Puerto Rico. Recently she worked as Director of Communications for a European wave energy company.
Related Posts
Companies /
Meta Signs PPAs with RWE to Power Data Centers, Offices from New U.S. Solar Farms
Environment /
Honeywell Launches New Tool to Help Mid-Market Hotels Cut Carbon Emissions
Companies /
Ambercycle Raises $10 Million for Circular Materials Plant from Shinkong
‹ Meta Signs PPAs with RWE to Power Data Centers, Offices from New U.S. Solar Farms
ESG Today Newsletter – Subscribe
Subscribe to the ESG Today NewsletterJoin our mailing list for the latest breaking ESG investment news!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsR & DProcurement & ContractingSupply Chain & DistributionSustainabilityStrategyTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Sustainable Finance
World Bank Issues $225 Million Bond with Interest Tied to Carbon Removals from Amazon Reforestation
Standard Chartered Rolls Out ESG-Linked Cash Accounts for Corporate Clients
Iberdrola Raises $525 Million in Green Bond Offering to Invest in U.S. Network
BBVA Achieves Record $28 Billion Sustainable Finance Activity in Q2 2024
Government
SEC Defends its Climate Disclosure Rule in Court
UK to Introduce Law to Regulate ESG Ratings Providers
EU Commission Publishes CSRD FAQ to Help Companies Implement New Sustainability Reporting Rules
UK Sets Largest-Ever £1.5 Billion Budget for Renewable Energy Auction, Largely Targeting Offshore Wind
Categories
Select Category
Business Wire
ESG News
Welcome
Back to Top
Home
About us
Disclosure, cookies & privacy policy
© ESG Today 2024
Don’t miss the top ESG stories!Join the ESG Today daily newsletter and get all the top ESG stories, like this one.
Subscribe now below!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Never miss the latest breaking ESG investment news. Get ESG Today’s newsletter today!
Subscribe Now
c
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy