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GlobalFoundries (Nasdaq: GFS) commits to achieving net-zero greenhouse gas emissions and 100% carbon-neutral power by 2050, aligning with the Paris Agreement goals. The company aims to reduce emissions by 25% from 2020 to 2030 and has already initiated energy efficiency improvements and alternative chemistry projects. Dr. Thomas Caulfield, GF's president and CEO, emphasizes the importance of taking action against climate change. GF plans to achieve its goals by implementing state-of-the-art emissions controls, utilizing alternative chemistries, and working with partners to reduce emissions throughout its value chain.
GlobalFoundries (Nasdaq: GFS) si impegna a raggiungere emissioni zero di gas serra e un'alimentazione completamente carbonio-neutrale entro il 2050, in linea con gli obiettivi dell'Accordo di Parigi. L'azienda ha l'obiettivo di ridurre le emissioni del 25% dal 2020 al 2030 ed ha già avviato miglioramenti nell'efficienza energetica e progetti di chimica alternativa. Il Dott. Thomas Caulfield, presidente e CEO di GF, sottolinea l'importanza di agire contro il cambiamento climatico. GF prevede di raggiungere i suoi obiettivi attuando controlli avanzati sulle emissioni, utilizzando chimiche alternative e collaborando con partner per ridurre le emissioni lungo tutta la sua catena del valore.
GlobalFoundries (Nasdaq: GFS) se compromete a alcanzar cero emisiones netas de gases de efecto invernadero y un poder totalmente neutro en carbono para el año 2050, alineándose con los objetivos del Acuerdo de París. La compañía planea reducir sus emisiones en un 25% desde 2020 hasta 2030 y ya ha iniciado mejoras en la eficiencia energética y proyectos de química alternativa. Dr. Thomas Caulfield, presidente y CEO de GF, enfatiza la importancia de actuar contra el cambio climático. GF planea alcanzar sus metas implementando controles de emisiones de última generación, utilizando químicas alternativas y trabajando con socios para reducir emisiones a lo largo de su cadena de valor.
GlobalFoundries (Nasdaq: GFS)는 2050년까지 온실가스 제로 배출 및 100% 탄소 중립 에너지를 달성하겠다는 목표를 세우고 파리 협약의 목표와 일치하도록 노력합니다. 회사는 2020년부터 2030년까지 배출량을 25% 줄이는 것을 목표로 하며 이미 에너지 효율 개선과 대체 화학 프로젝트를 시작했습니다. GF의 회장이자 CEO인 토마스 카울필드 박사는 기후 변화에 대응하는 것의 중요성을 강조합니다. GF는 최신 배출 제어 장치를 구현하고, 대체 화학물질을 사용하며, 파트너와 협력하여 가치 사슬 전반에서 배출을 줄이는 방법으로 목표를 달성할 계획입니다.
GlobalFoundries (Nasdaq : GFS) s'engage à atteindre zéro émission nette de gaz à effet de serre et une énergie 100% neutre en carbone d'ici 2050, conformément aux objectifs de l'Accord de Paris. L'entreprise vise à réduire ses émissions de 25% de 2020 à 2030 et a déjà entamé des améliorations de l'efficacité énergétique et des projets de chimie alternative. Dr Thomas Caulfield, président et PDG de GF, souligne l'importance d'agir contre le changement climatique. GF prévoit d'atteindre ses objectifs en mettant en œuvre des contrôles d'émissions de pointe, en utilisant des chimies alternatives et en collaborant avec des partenaires pour réduire les émissions tout au long de sa chaîne de valeur.
GlobalFoundries (Nasdaq: GFS) verpflichtet sich dazu, bis 2050 netto-null Treibhausgasemissionen und 100% kohlenstoffneutrale Energie zu erreichen, im Einklang mit den Zielen des Pariser Abkommens. Das Unternehmen strebt an, seine Emissionen von 2020 bis 2030 um 25% zu reduzieren und hat bereits Projekte zur Steigerung der Energieeffizienz und alternative Chemieprojekte eingeleitet. Dr. Thomas Caulfield, GFs Präsident und CEO, betont die Wichtigkeit, gegen den Klimawandel vorzugehen. GF plant, seine Ziele durch die Implementierung von modernsten Emissionskontrollen, die Nutzung alternativer Chemikalien und die Zusammenarbeit mit Partnern zur Reduzierung von Emissionen entlang seiner Wertschöpfungskette zu erreichen.
Positive
GlobalFoundries commits to achieving net-zero greenhouse gas emissions and 100% carbon-neutral power by 2050.
The company aims to reduce emissions by 25% from 2020 to 2030 and has already initiated energy efficiency improvements and alternative chemistry projects.
Dr. Thomas Caulfield, GF's president and CEO, emphasizes the importance of taking action against climate change.
GF plans to achieve its goals by implementing state-of-the-art emissions controls, utilizing alternative chemistries, and working with partners to reduce emissions throughout its value chain.
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New goals target additional reductions and removal of greenhouse gas emissions to help fight climate change
MALTA, N.Y., April 22, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) is furthering its commitment to sustainable operations and fighting climate change with the announcement of two new long-term goals to achieve net-zero greenhouse gas (GHG) emissions and 100% carbon-neutral power by 2050.
The new 2050 goals are aligned with Paris Agreement goals, and build upon GF’s Journey to Zero Carbon pledge in 2021 to reduce its greenhouse gas emissions by 25% from 2020 to 2030, even as the company continues to expand its global manufacturing capacity. Net-zero is the widely accepted international goal for mitigating global warming in the second half of the century, and calls for companies to reduce GHG emissions to keep the global rise in temperature below 2°C above pre-industrial times.
Since 2021, GF has initiated energy efficiency improvements and implemented multiple projects employing alternative chemistries and abatement controls across its global semiconductor manufacturing operations. GF has also signed multiple agreements to improve the energy efficiency of onsite systems and reduce carbon emissions from electricity production. GF is on track to meet its 25% reduction goal by 2030, and is now taking the next step by setting a net zero goal for 2050.
“Climate change is a universal concern for every nation, company and person on this planet, and there are no do-overs when it comes to global warming. It is incumbent upon all of us to take meaningful action to fight against this risk,” said Dr. Thomas Caulfield, president and CEO of GF. “With our net zero 2050 goal, GF is pledging to continue our sustainability journey and innovate new ways of reducing our emissions and our overall impact on the environment. Not only does this make sense and drive value from a business perspective, it’s the right thing to do for our planet and the future of humanity.”
To achieve its net zero 2050 goal, GF will further reduce emissions through the continued use of state-of-the-art emissions controls when expanding its manufacturing footprint, installation of new controls on existing sites where appropriate, expanded use of alternative chemistries, and achieving 100% carbon-neutral power. The company is also working with suppliers and partners to further reduce and remove emissions across GF’s value chain.
GF’s net zero 2050 goal is the latest example of the company’s longstanding commitment to sustainable operations. Recent recognitions of these efforts include being named to Morningstar Sustainalytics’ “2024 Top-Rated ESG Companies,” maintaining a “Prime” corporate ESG performance rating in 2023 from ISS, and being named to Newsweek’s 2023 and 2024 lists of “America’s Most Responsible Companies.”
GlobalFoundries (GF) is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development, and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. For more information, visit www.gf.com.
This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.
Media Contact:
Michael Mullaney michael.mullaney@gf.com
FAQ
What are GlobalFoundries' (Nasdaq: GFS) new long-term goals related to greenhouse gas emissions and carbon-neutral power?
GlobalFoundries aims to achieve net-zero greenhouse gas emissions and 100% carbon-neutral power by 2050.
How does GlobalFoundries plan to reduce its emissions by 2030?
GlobalFoundries plans to reduce its emissions by 25% from 2020 to 2030 through energy efficiency improvements and alternative chemistry projects.
Who is the president and CEO of GlobalFoundries?
Dr. Thomas Caulfield is the president and CEO of GlobalFoundries.
What recognition has GlobalFoundries received for its sustainability efforts?
GlobalFoundries has been named to Morningstar Sustainalytics' '2024 Top-Rated ESG Companies,' maintained a 'Prime' corporate ESG performance rating in 2023 from ISS, and been named to Newsweek's 2023 and 2024 lists of 'America’s Most Responsible Companies.'
How does GlobalFoundries plan to achieve its net-zero 2050 goal?
GlobalFoundries plans to achieve its net-zero 2050 goal by implementing state-of-the-art emissions controls, utilizing alternative chemistries, and working with partners to reduce emissions throughout its value chain.
