Qualcomm targets net zero emissions by 2040

The firm plans to meet its sustainability target through three long-term goals

Qualcomm has announced plans to achieve net zero Scope 1, 2, and 3 emissions by 2040.

The company also pledged to support Business Ambition for 1.5°C, a campaign led by Science Based Targets Initiative (SBTi) in partnership with the UN Global Compact and We Mean Business coalition.

Qualcomm’s ambitious sustainability plans complement its existing greenhouse gas (GHG) emissions reduction goal, including interim 2030 science-based emissions reduction targets across Scopes 1, 2, and 3.

"Our net zero goal and commitment to SBTi reflects our belief that environmental sustainability is absolutely imperative, with significant social and economic benefits that require collective action and leadership from Qualcomm and other corporate citizens," said Cristiano Amon, president and chief executive officer at Qualcomm Incorporated.

Qualcomm has set three long-term goals to reduce GHG emissions: reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030; cut absolute Scope 3 GHG emissions by 25% by 2030; and reach net-zero global emissions for Scopes 1, 2, and 3 by 2040.

The firm has already taken steps to meet these long-term goals by opting for 100% renewable energy at its San Diego headquarters.

In line with its strategy, Qualcomm will transition to renewable energy via long-term power purchase agreements (PPAs), decarbonize its operations, and use a minimum amount of renewable energy credits (RECs) and carbon offsets for residual emissions.

Related Resource

The future of productivity

Driving your business forward with Microsoft Office 365

Woman with glasses typing on a laptop at a deskFree download

Qualcomm also underscored the economic and sustainability benefits of 5G, stating its increased adoption could reduce GHG emissions by 374 million metric tons, which is equivalent to taking 81 million passenger vehicles off US roads for a year.

“5G technologies and products will be instrumental in driving an environmentally sustainable future. We're working with our partners and customers to reduce emissions footprints, conserve resources and harness the sustainability benefits of 5G globally," added Amon.

Featured Resources

2021 Thales cloud security study

The challenges of cloud data protection and access management in a hybrid and multi cloud world

Free download

IDC agility assessment

The competitive advantage in adaptability

Free Download

Digital transformation insights from CIOs for CIOs

Transformation pilotes, co-pilots, and engineers

Free download

What ITDMs did next - and what they should be doing now

Enable continued collaboration and communication for hybrid workers

Recommended

Qualcomm's latest chip promises 85% faster Windows-on-ARM machines
system on chip (SoC)

Qualcomm's latest chip promises 85% faster Windows-on-ARM machines

2 Dec 2021
IBM launches Environmental Intelligence Suite
artificial intelligence (AI)

IBM launches Environmental Intelligence Suite

13 Oct 2021
How the cloud is helping Currensea create a more sustainable future
startups

How the cloud is helping Currensea create a more sustainable future

6 Sep 2021
Microsoft helps protect Amazon rainforest with AI project
Microsoft Azure

Microsoft helps protect Amazon rainforest with AI project

2 Sep 2021

Most Popular

What should you really be asking about your remote access software?
Sponsored

What should you really be asking about your remote access software?

17 Nov 2021
What are the pros and cons of AI?
machine learning

What are the pros and cons of AI?

30 Nov 2021
How to move Microsoft's Windows 11 from a hard drive to an SSD
Microsoft Windows

How to move Microsoft's Windows 11 from a hard drive to an SSD

24 Nov 2021