UMC’s 1.5°C Net-Zero targets validated by Science Based Targets initiative (SBTi)
HSINCHU,
SC Chien, Co-President and Chief Sustainability Officer of UMC, said: “UMC has been committed to climate action for more than two decades, laying a solid foundation for a net-zero future. In 2021, we joined the RE100 initiative and pledged to reach net-zero emissions by 2050. We’ve taken a multifaceted approach to reducing emissions, from expanding the use of renewable energy and improving energy efficiency to implementing low-carbon manufacturing processes. SBTi’s validation of our targets affirms UMC’s unwavering commitment to decarbonization and reflects our alignment with global efforts to address climate change. We will continue working closely with our value chain partners to build a sustainable future that balances environmental, social, and economic value.”
Launched by organizations including the United Nations Global Compact and CDP, the SBTi provides companies with a clearly defined path to reduce emissions in line with the goals of the Paris Agreement. UMC set its targets based on a 2020 baseline year and underwent SBTi’s rigorous review and validation process, resulting in the following approved targets:
• Net-Zero Target:
Achieve net-zero GHG emissions by 2050
• Long-Term Targets:
Reduce Scope 1 and 2 emissions by 95% by 2050
Reduce Scope 3 emissions by 90% by 2050
• Near-Term Targets:
Reduce Scope 1 and 2 emissions by 42% by 2030
Reduce Scope 3 emissions by 25% by 2030
To support these goals, UMC has outlined specific reduction strategies for each emissions category, ensuring effective allocation of resources and maximizing emissions reduction outcomes. For Scope 3 emissions in particular, UMC launched its
About UMC
UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high-quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC’s comprehensive IC processing technologies and manufacturing solutions include Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI, BCD etc. Most of UMC's 12-in and 8-in fabs with its core R&D are located in
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Some of the statements in the foregoing announcement are forward-looking within the meaning of the
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