onsemi Achieves Validation of Near-Term SBTi Emissions Reduction Targets

The Science Based Targets initiative (SBTi) has approved onsemi’s near-term science-based emissions reduction targets. The validation of these targets attests that the planned decrease of onsemi’s greenhouse gas (GHG) emissions is aligned to the ambition of limiting global temperature rise to 1.5°C.

With the validation by SBTi, onsemi commits to:
• Reduce absolute scope 1 and 2 GHG emissions 58.8% by 2034 from a 2022 base year.
• Reduce absolute scope 3 GHG emissions from fuel- and energy-related activities 35% within the same timeframe.
• 71.3% of its suppliers by emissions, covering purchased goods and services, capital goods and upstream transportation and distribution, will have science-based targets by 2029.

“At onsemi, our industry-leading intelligent power and sensing solutions for the automotive, industrial and AI data center markets, contribute directly to mitigating global warming catastrophes and creating a more sustainable future,” said Hassane El-Khoury, president and CEO, onsemi. “Achieving validation of our near-term science-based emission reduction targets by SBTi highlights our commitment to delivering the latest energy efficient semiconductor technologies in the most sustainable way.”

Achieving onsemi’s targets would mean a reduction of scope 1 and 2 GHG emissions by 58.8%, resulting in about one million metric tons of CO2 equivalent (MTCO2e) fewer emissions by 2034 compared to the baseline year 2022.

Similarly, the reduction of scope 3 fuel- and energy-related activities (i.e., scope 3 category 3) GHG emissions by 35.0% in the same timeframe would result in approximately 80,000 MTCO2e fewer emissions.

“As a company that is purpose-driven, innovative and committed to excellence, we have set ambitious climate-related targets for ourselves and our supply chain,” said Kim Luu, VP of sustainability & environmental, social and governance (ESG). “We remain focused on prioritizing sustainability at every opportunity and on continuous improvement in our decarbonization initiatives to achieve these targets.”