Infineon intensifies collaboration on CO2 discount targets with suppliers and honors high performers with Inexperienced Awards

• Infineon hosts first-ever Provider Sustainability Summit to accentuate collaboration for sustainable motion and discount of CO2 emissions consistent with the Science Primarily based Goal initiative (SBTi)
• Infineon is working with greater than 100 suppliers partaking them to outline their very own science-based targets and implement acceptable discount measures
• Utilized Supplies Inc., Sumco Company, and iwis are acknowledged forexcellent environmental developments with Infineon’s Inexperienced Award

Infineon Applied sciences AG, is intensifying its collaboration with suppliers to additional scale back CO2 emissions alongside the entire provide chain. Infineon hosted its first ever Provider Sustainability Summit to additional stimulate collaboration and incentivize and assist suppliers to speed up their decarbonization journeys. The digital occasion introduced collectively about 100 high semiconductor business suppliers.

“In an effort to meet our bold targets, we want you, our suppliers,” stated Elke Reichart, Member of the Board and Chief Digital and Sustainability Officer at Infineon, throughout her welcome message. “Infineon’s scope 3 emissions make up the lion’s share of our footprint, particularly the supplies we supply from our suppliers. Due to this fact, we very a lot sit up for becoming a member of forces with you. Collectively, we will stimulate and implement decarbonization methods even higher.”

Collaboration with suppliers is a elementary a part of Infineon’s total sustainability technique. The corporate has already made important progress on its method to reaching local weather neutrality by 2030; since 2019 Infineon has halved its CO2 emissions (scope 1 and a couple of) whereas doubling income on the identical time. In December 2023, Infineon added a dedication to setting a science-based goal that features the provision chain (scope 3). The procurement staff is actively working with over 100 suppliers, partaking them to outline their very own science- primarily based targets and implement acceptable discount measures.

The Provider Sustainability Summit was a wonderful alternative for Infineon to share learnings from its personal local weather technique and journey and to facilitate change of finest practices amongst suppliers. For example, consultants from the Infineon electrical energy procurement staff gave insights from their hands-on expertise in attaining one hundred pc renewable electrical energy by 2025; whereas two suppliers shared their experience in successfully setting science-based targets. The subject was deepened in a panel dialogue with Infineon leaders and an professional from the CDP (previously the Carbon Disclosure Challenge) that provided additional sensible recommendation to attendees.

Infineon’s Inexperienced Award acknowledges and honors suppliers who demonstrated excellent environmental dedication and developments all through the previous yr. The “Greatest Efficiency Award” went to Utilized Supplies Inc. for its bold local weather technique, together with a 1.5°C science-based goal and the corporate’s progressive “Xchange” program. As a part of this system Infineon is straight collaborating with Utilized Supplies to extend useful resource effectivity and scale back emissions. This system permits take-back and refurbishment of spare components for complicated semiconductor tools, thereby constructing on the round financial system to create environmental and enterprise advantages for each events.

The “Greatest Enchancment Award” winner is Sumco Company, that has made exceptional progress in environmental sustainability all through the previous yr. The Japan-based firm is the primary silicon wafer provider to make a public dedication to setting a science- primarily based goal. Following discussions on the high management stage, Sumco acted at a formidable pace, accelerating present carbon discount targets and increasing renewable electrical energy sourcing.

Within the class of firms with lower than one billion euros income, the “Greatest Enchancment Award” went to iwis SE & Co. KG. The Munich-based, family-owned firm serves as a fantastic instance to many with its bold “Zero Carbon 2040 program” and science-based goal dedication. Infineon acknowledges the proactive method in the direction of enhancing the environmental affect of operations and provide chain and the mixing of local weather targets within the environmental administration system on the websites.

“We wish to applaud the winners of our Inexperienced Awards: Utilized Supplies, Sumco and iwis for stepping up and taking duty for environmental sustainability and efficiency,” stated Angelique van der Burg, Chief Procurement Officer at Infineon and host of the day. “We consider that this efficiency will encourage our entire provider base to lift the bar increased and observe their instance. Now let’s make the very best follow a normal follow.”