Amkor Technology Achieves Science-Based Net-Zero Targets Approved by SBTi: A Milestone in Environmental Stewardship and Climate Action
Amkor Technology, a top provider of semiconductor packaging and testing services, has had its science-based targets for reducing emissions approved by the Science Based Targets initiative (SBTi). The company's goals for reducing emissions in the near and long term have been verified by SBTi.
Amkor has set science-based goals to achieve net-zero emissions.
The Science Based Targets initiative (SBTi) is an organization focused on corporate climate action. It creates criteria, resources, and advice to help companies establish goals for reducing greenhouse gas emissions that align with the necessary measures to restrict global temperature increase and achieve carbon neutrality by 2050.
Giel Rutten, the president and CEO of Amkor, stated that achieving SBTi verification is a significant accomplishment for the company and showcases their dedication to environmental responsibility in line with global initiatives. With the semiconductor industry growing and Amkor expanding its manufacturing presence in the US, Europe, and Vietnam, there will be a rise in energy consumption. Therefore, the focus on decarbonization is becoming more important for Amkor as they continue to grow their business.
Having received approval from SBTi for their targets, Amkor is now turning their attention towards implementation. Their plans involve a gradual increase in the use of renewable energy in their operations over the next ten years, as well as collaborating with partners in the value chain to reduce Scope 3 greenhouse gas emissions.
Amkor has been approved by SBTi and will provide regular updates on its progress towards reaching its short- and long-term objectives. This demonstrates Amkor's dedication to being transparent and working towards a more sustainable future.
For additional information on Amkor's ESG efforts, you can visit their website at amkor.com/esg/.
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