"Intel is committing to reach net-zero greenhouse gas emissions across its operations, otherwise known as its Scope 1 and 2 emissions, by 2040," the company said in a statement.
Intel’s priority is to actively reduce its emissions, in line with international standards and climate science. It will use credible carbon offsets to achieve its goal only if other options are exhausted, it said.
To realize this ambitious goal, Intel has set interim milestones for 2030 which includes: achieving 100 percent renewable electricity use across its global operations, investing USD 300 million in energy conservation at its facilities to achieve 4 billion cumulative kilowatt hours of energy savings.
Build new factories and facilities to meet US Green Building Council LEED program standards, including recently announced investments in the US, Europe and Asia.
The company said it will launch a cross-industry research and development initiative to identify greener chemicals with lower global warming potential and to develop new abatement equipment.
Besides this, Intel committed to lower the carbon footprint of its products and platforms with specific goals, and collaborate to create solutions that lower the greenhouse gas footprint of the entire technology ecosystem.
These targets strengthen Intel’s commitment to sustainable business practices, like its RISE strategy.
Intel’s cumulative greenhouse gas emissions over the past decade were nearly 75 per cent lower than they would have been in the absence of investments and action.
Stating that the impact of climate change is an urgent global threat, Intel CEO Pat Gelsinger said protecting the planet demands immediate action and fresh thinking about how the world operates.
"As one of the world's leading semiconductor design and manufacturing companies, Intel is in a unique position to make a difference not only in our own operations, but in a way that makes it easier for customers, partners and our whole value chain to take meaningful action too," he said.
