Tokyo Electron Receives SBT Validation for its Net Zero Greenhouse Gas Emission Reduction Targets for 2040
Tokyo Electron (TEL) has received validation from the Science Based Targets initiative (SBTi) *1that its value chain-wide scope 1*2,2*3,3*4 net zero greenhouse gas (GHG) emission reduction targets for FY2041 are based on scientific evidence. TEL’s near-term GHG emission reduction targets for FY2031 were previously SBT*5-validated in October 2023, and the latest assessment validates its longer-term targets.
Targets for FY2041
- Balance scope 1, 2, and 3 GHG emissions with reductions (net zero).
Targets for FY2031
- Reduce absolute scope 1 and 2 CO2 emissions by 70% by FY2031 from a FY2019 baseline.
- Increase the use of renewable electricity from 2% in FY2019 to 100% by FY2031.
- Reduce scope 3 GHG emissions from the use of products sold per wafer processed by 55% by FY2031 from a FY2022 baseline.
The TEL Group will continue to pursue sustainability-driven management and practice the corporate philosophy: "We strive to contribute to the development of a dream-inspiring society through our leading-edge technologies and reliable service and support."
※e.g., FY2041 is from April1,2040 to March 31,2041
1. SBTi: An international initiative that assesses and validates corporate GHG emission reduction targets.
2. Scope 1: Direct GHG emissions from using fuels and gases owned or controlled by the company.
3. Scope 2: Indirect GHG emissions from the use of purchased electricity, steam, and heat.
4. Scope 3: Emissions from corporate value chains (excluding scope 1 and 2 emissions), such as product transportation, employee business travel, and major outsourced production processes. Scope 3 is divided into upstream activities, which including emissions associated with purchased or sourced products and services, and downstream activities, which include those associated with sold products and services.
5. SBT (Science Based Targets): GHG emission reduction targets set by companies for the next five to 15 years, consistent with the levels required by the Paris Agreement.
