by Sydney Price

SOURCE: Qualcomm

DESCRIPTION:

Chipmakers require tremendous amounts of energy and water, but U.S. chip producer QUALCOMM Inc. aims to reach net-zero emissions within the next 20 years.

Qualcomm intends to achieve net-zero global emissions for Scopes 1, 2 and 3 by 2040. The process will be somewhat staggered, with Qualcomm aiming to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030 from 2020. Scope 1 emissions are direct greenhouse emissions that occur from sources controlled or owned by an organization. Scope 2 emissions are indirect greenhouse gas emissions associated with the purchase of electricity, steam, heat or cooling.

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Tweet me: .@Qualcomm leads other major US chipmakers in setting net-zero goal, aiming to reach net-zero emissions within the next 20 years. https://bit.ly/3ENs41J via @SPGMarketIntel

KEYWORDS: NASDAQ: QCOM, Qualcomm