Tech firm Intel has set out a new goal to reach net zero upstream scope 3 emissions by 2030, with plans to reach the target set out in its latest Climate Transition Action Plan.
It also plans to reach net zero Scope 1 and 2 emissions by 2040 and to achieve 100% renewable energy by 2030.
The business aims to reduce scope 3 supply chain emissions by 30% from what they would have been in the absence of action.
The firm will reduce scope 1 emissions by installing electric facilities equipment at new offices and factories, and implementing energy conservation projects focused on efficiency.
It will also carry out reductions by installing novel abatement technologies at new factories for GHGs and N2Os (nitrogen dioxide).
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In addition, to reduce scope 2 emissions Intel will build all new factories in line with US Green Building Council standards.
To further reduce scope 3 emissions it will partner with others in the value chain to support supplier action and will use more grid renewable energy by offering smart grid technology to partners and customers.
Intel has already invested more than £300 million of its green bond funding into areas including pollution prevention and control as part of its sustainability plans.
In the report Intel CEO Pat Gelsinger wrote: “As one of the world’s leading semiconductor design and manufacturing companies, Intel is championing collective action to achieve more sustainable computing.”
“This is demonstrated by our founding membership of the Semiconductor Climate Consortium and founding sponsorship of the Catalyze programme, a renewable electricity accelerator for the semiconductor supply chain.”