Infineon Gains Approval of SBTi Initiative

Infineon Technologies AG has reached another milestone in its decarbonization efforts: The Science Based Targets initiative (SBTi) has approved the company’s ambitious greenhouse gas emission reduction targets. The approval spans the company’s own emissions (scope 1 and 2) as well as emissions along the supply chain (scope 3).

The scope 1 and 2 goals are in line with the Paris Agreement to limit global temperature increase to 1.5 ° Celsius, meeting the most ambitious SBTi category for near-term CO 2 reduction targets. In addition, Infineon has now set itself an official scope 3 target addressing the supply chain. Collaboration with suppliers is a fundamental part of Infineon’s sustainability strategy; the Infineon procurement team is already actively working together with more than a hundred suppliers on solutions that reduce CO2 emissions.

“The validation of our decarbonization targets by the Science Based Targets initiative is an important milestone in Infineon’s sustainability efforts. It underscores our commitment to reducing greenhouse gas emissions along our entire value chain,” said Elke Reichart, member of the Management Board and chief digital and sustainability officer at Infineon. “Climate change and its consequences remain one of the biggest threats facing society and need our continued action. A dedicated scope 3 target underlines our commitment to drive decarbonization even further.”

Specifically, Infineon has made a commitment to SBTi to reduce absolute scope 1 and 2 greenhouse gas emissions by 72.5% by 2030 compared to the base year 2019. Scope 1 and 2 targets refer to the company’s direct operations.

Moreover, Infineon has now included a scope 3 emission target commitment: 72.5% of its suppliers measured by emissions related to purchased goods and services, capital goods and upstream transportation and distribution will have a science-based target by 2029.

In addition to the certified science-based targets, Infineon remains committed to its 2030 CO2 neutrality goal (scope 1, 2) as formulated by the company in 2020.