With these targets, Siltronic is making a contribution to the climate agreement adopted in Paris in 2015 to limit global warming to a maximum of 1.5 degrees Celsius. For Siltronic, the 1.5-degree target is the central reference point for the target years 2030 and 2045. To this end, the CO2 intensity, measured by CO2 emissions in relation to sales, is to be reduced by an average of at least 5 percent per year between 2021 and 2030.
“Increasing energy efficiency and thus also reducing emissions has always been a core element of our corporate strategy. Our goal is to make as positive a contribution as possible to combating climate change and at the same time to promote global decarbonization through our products,” says Claudia Schmitt, CFO of Siltronic AG and responsible for the company’s sustainability activities.
Joining the RE100 initiative underlines our focus on renewable energy
To achieve the updated climate targets, Siltronic is committed to gradually increasing the share of renewable energy to 60 percent by 2030 and 100 percent by 2045. To underpin its commitment to renewable energy, Siltronic joined the RE100 initiative in November 2023. RE100 is a global corporate initiative that promotes the exclusive use of renewable energy. With its membership, Siltronic wants to contribute to removing one of the biggest obstacles to global decarbonization: the still insufficient amount of green electricity available in many energy markets.
This is particularly noticeable for Siltronic at its largest site in Singapore, especially as this site will see the strongest growth in the coming years due to the gradual ramp-up of the new factory that has just started test operations. With the updated climate targets, Siltronic is committed to improving the availability of renewable energy in Singapore by 2030 and beyond – to this end, the company is in continuous dialog with decision-makers in Singapore.
Siltronic is also committed to greater climate protection in the supply chain and the reduction of so-called Scope 3 emissions – i.e. greenhouse gas emissions that arise outside of Siltronic. The company will therefore intensify its cooperation with suppliers in this area in the future.
SBTi targets remain a guide, validation not pursued for the time being
In 2021, Siltronic set itself targets in line with the Science Based Target Initiative (SBTi), which, however, changed its criteria for purchasing renewable energies in the second quarter of 2023. In light of these updated requirements, the company has decided not to pursue its plan to submit the SBTi targets. At the same time, the SBTi criteria remain an important guide for Siltronic.
The company continues to have its sustainability performance assessed by independent third parties.
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Further links
👉 www.siltronic.com
Photo: pixabay
