Analog Devices Advances Climate Strategy and Commits to Net Zero Emissions by 2050
12 Abril 2021 - 9:00AM
Business Wire
Commits to Science-Based Targets and Carbon
Neutrality by 2030
Joins United Nations Global Compact
Analog Devices, Inc. (Nasdaq: ADI) today announced new
commitments that advance the Company’s climate strategy, including
pledging to achieve carbon neutrality by 2030 and net zero
emissions by 2050. As part of the Company’s roadmap towards net
zero, ADI signed the United Nations’ Business Ambition for 1.5°C
pledge and has committed to setting targets to be verified by the
Science Based Targets initiative (SBTi).
“Climate change poses one of the greatest threats to our
society, and this decade will be pivotal in determining our
collective success in turning the tide. Limiting global warming to
1.5°C will require a collective global effort – and the time for
action is now,” said Vincent Roche, President and CEO of Analog
Devices. “At ADI, we are dedicated to putting our great engineering
minds and resources behind this challenge and accelerating our
sustainability ambitions with even greater urgency. The commitments
we are making today represent bold steps forward in our climate
strategy and we will continue to identify new and innovative ways
to make meaningful progress against our goals.”
Key elements of the company’s climate strategy include:
Carbon Neutral by 2030 and Net Zero Carbon Emissions by
2050
ADI is continuing to focus on reducing its impact on the
environment and has set goals to achieve carbon neutrality by 2030
and net zero emissions by 2050. ADI will release a roadmap that
outlines the strategies and actions to achieve these goals later in
the year. Among these actions, the Company will transition to one
hundred percent renewable energy across the Company’s operations by
2025 and addressing emissions across the full value chain,
including Scope 3, by 2030.
United Nations Global Compact, Business Ambition for 1.5°C
and Science-Based Targets initiative (SBTi)
ADI has recently joined the UN Global Compact (UNGC), which is
the world’s largest corporate sustainability initiative for
companies and consists of more than 12,000 companies and 3,000
non-business signatories based in over 160 countries. Through the
UNGC, ADI is focused on advancing universal practices for business
strategies and operations.
The company also signed the Business Ambition for 1.5°C pledge
and is setting science-based targets aligned with limiting global
temperature rise to 1.5°C above pre-industrial levels and reaching
net zero emissions by 2050. ADI’s targets will be verified by the
Science Based Targets initiative (SBTi).
Maximizing the Sustainability Impact of Technologies and
Solutions
As the bedrock of the modern digital economy, semiconductors
have a major role to play in improving standards of living while
protecting planetary health. ADI is uniquely positioned to drive
positive impact with a comprehensive portfolio of technologies that
sit at the intersection of our customers and society's most
pressing challenges. This ranges from Battery Management Solutions
that power electric vehicles to precision sensing technologies that
enable industrial automation at increased efficiency as well as
power protection and conversion solutions that drive energy
efficiency enhancements at data centers.
ADI invests more than $1 billion in research and development
each year, and in 2020, announced the industry’s first green bond
of $400 million, enabling ADI to continue to invest in innovation
that solves the world’s most difficult problems. Going forward, the
company will put even greater focus on maximizing the
sustainability impact of its technologies and solutions leveraging
enhanced measurement and reporting structures.
Transparency and Disclosure
The Company will provide stakeholders regular updates on its
progress against its sustainability agenda including in its annual
“Engineering Good” report. ADI’s sustainability report aligns with
the GRI framework and the company will also disclose to both the
Sustainability Accounting Standards Board (SASB) and Taskforce on
Climate-Related Financial Disclosures (TCFD) reporting standards
going forward.
About Analog Devices, Inc.
Analog Devices (Nasdaq: ADI) is a leading global
high-performance semiconductor company dedicated to solving the
toughest engineering challenges. We enable our customers to
interpret the world around us by intelligently bridging the
physical and digital with unmatched technologies that sense,
measure, power, connect and interpret. Visit:
http://www.analog.com
(ADI-WEB)
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version on businesswire.com: https://www.businesswire.com/news/home/20210412005057/en/
Linda Kincaid Analog Devices, Inc. linda.kincaid@analog.com
Michael Lucarelli Senior Director of Investor Relations Analog
Devices, Inc. 781-461-3282 investor.relations@analog.com
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