Micron Technology, a key player in the semiconductor business, has announced on Wednesday its new greenhouse gas emission reduction targets in its annual sustainability report.
The company pledged to achieving net-zero emissions from global operations (known as Scope 1) and purchased energy use (known as Scope 2) by 2050, which underlines Micron’s efforts to address the growing problem of climate change.
Micron has set new short-term and time-bound aims in addition to its long-term commitments. The chip manufacturer plans to cut Scope 1 greenhouse gas emissions from its own activities by 42% by 2030, compared to the baseline of 2020. Through this combination of short-term targets and long-term commitments, the company intends to align its ambitions to the goal of international climate change accords to limit global warming under 1.5 degrees Celsius.
Furthermore, the corporation focuses on acquiring renewable energy globally to achieve its net-zero goal, and it continues to aim for 100% renewable energy in the United States by the end of 2025.
Micron has recently announced progress toward these goals, including achieving 100% renewable energy in Malaysia and cooperating with Idaho Power to improve solar-powered renewable energy in Idaho.
The company plans to meet its net-zero operating commitments through multifaced approach, including investment in advanced abatement systems, prioritizing the use of gases with reduced global warming potential in manufacturing process, sourcing energy-efficient equipment, and purchasing renewable energy rather than fossil fuel-generated energy.
Micron intends to invest US$1 billion by 2028 to accomplish its environmental goals, which include 75% water conservation and 95% waste diversion globally by 2030.
Last year, it issued US$1 billion green bond, with the net proceeds going to eligible projects that can drive its sustainability priorities, such as renewable energy, green buildings, energy efficiency, water management, pollution control, and a circular economy, in accordance with the company’s Green Bond Framework.
