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SBTi Approves Amkor’s Science-based Net-Zero Targets

Wednesday, July 3, 2024

The Science Based Targets initiative (SBTi) has verified Amkor Technology Inc.’s near- and long-term science-based emissions reduction targets.

Amkor’s science-based net-zero targets include commitment to: (1) reach net-zero greenhouse gas (GHG) emissions across the value chain by 2050; (2) reduce absolute scope 1 and 2 GHG emissions 55% by 2033 from a 2022 base year; and reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2022 base year.

Amkor also commits that 80% of its suppliers by emissions covering purchased goods and services and capital goods will have science-based targets by 2028, and that it will reduce scope 3 GHG emissions 97% per million USD value added within the same timeframe.

The SBTi is a corporate climate action organization that develops standards, tools, and guidance which allow companies to set GHG emissions reduction targets in line with what is needed to limit global temperature rise and reach net-zero by 2050.

“The SBTi verification represents a significant milestone and demonstrates Amkor’s commitment to ambitious environmental stewardship and aligns with the global effort. It is incumbent upon Amkor to aggressively pursue climate action as the semiconductor industry continues to expand production of advanced technologies. As Amkor’s manufacturing footprint expands—in the US, Europe and in Vietnam—and our business grows, we anticipate increasing energy use in our operations. Consequently, decarbonization will become increasingly crucial for Amkor,” said Giel Rutten, Amkor’s President and CEO.

With targets successfully approved by SBTi, Amkor’s focus now shifts to execution. This includes increasing use of renewable energy sources in our operations over the next decade and prioritizing collective work across the value chain toward the goal of scope 3 GHG reduction.

As part of SBTi’s approval, Amkor will regularly report progress towards its near- and long-term goals, reinforcing its commitment to transparency and a more sustainable future.

By: DocMemory
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