Analog Devices
Carbon footprint
Primary Climate Goal
Analog Devices aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019
Secondary Climate Goal
Analog Devices aims to achieve net zero for all Scopes by 2050
GHG emissions and Carbon intensity
Analog Devices reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 141 Kt (+3.3/+2.4% y-o-y). Carbon intensity also increased marginally to 24 t (+0.1/+0.4% y-o-y).
Analog Devices's Scope 3 emissions plunged to 1.6 Kt (
The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -7.2 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.
Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -4.7 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Analog Devices aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.