STMicroelectronics

Semiconductors
STM.PA
€ 36 (1.1)%
Share price
$ 35 bn
Market Cap
$ 34 bn
Enterprise Value

Carbon footprint

28 Ton
GHG emissions per $ 1 mln investment
0.76x the weighted average for S&P 500
FY2021
How is this calculated?
-9.1%
YOY change in GHG emissions
Weaker than the +4.2% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-6.2%
Proj. YOY change in GHG emissions (Scope 1 + 2)
In line with the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

STMicroelectronics aims to reduce Scope 1 + 2 by 50% by 2025 from a base year 2018


1.5°C
STMicroelectronics's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-17%
Proj. YOY change in GHG emissions (all Scopes)
Stronger than the -6.9% weighted average for S&P 500
FY2022
How is this calculated?

STMicroelectronics aims to achieve carbon neutrality for all Scopes by 2027


This target has not been verified as science based according to SBTi
STMicroelectronics's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

STMicroelectronics's GHG emissions (market-based) (Kt of CO2e)
STMicroelectronics's Carbon intensity (Tons per 1 USDm)

STMicroelectronics's carbon footprint

STMicroelectronics reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 954 Kt (-96 /-9.1% y-o-y). Also positively, carbon intensity was down at 75 t (-28 /-27.2% y-o-y).

STMicroelectronics's Scope 3 emissions grew to 90 Kt (+4/+4.7% y-o-y). The performance has been erratic recently.

The company is committed to reducing Scope 1 + 2 by 50% by 2025 from a base year 2018, which translates into the estimated reduction of -59 Kt per annum over the period of FY2022 - FY2025. 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 carbon neutrality for all Scopes by 2027, which translates into the estimated reduction of -174 Kt per annum over the period of FY2022 - FY2027. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

STMicroelectronics aims to achive carbon neutrality across its entire value chain (all Scopes) in 2027. 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.

Company environmental metrics

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