Axcelis Announces SBTi Approval of Science-Based Greenhouse Gas Emissions Reduction Targets

Axcelis (NASDAQ: ACLS) announced that the Science Based Targets initiative (SBTi) approved its greenhouse gas emissions reduction targets on March 30, 2026.

Rhea-AI Summary

Axcelis (NASDAQ: ACLS) announced that the Science Based Targets initiative (SBTi) approved its greenhouse gas emissions reduction targets on March 30, 2026. Axcelis committed to net-zero by 2050 and SBTi-approved interim and long-term targets for scope 1, 2 and scope 3 emissions.

Approved targets include -65.88% scope 1 & 2 by 2030 (2022 base), -51.6% scope 3 use-of-sold-products per USD value added by 2030, -90.0% scope 1 & 2 by 2050, and -97.0% scope 3 per USD value added by 2050. Axcelis will report progress in its annual sustainability report.

Positive

• SBTi approval of emissions reduction targets (received March 30, 2026)
• -65.88% scope 1 & 2 emissions target by 2030 (2022 base year)
• -51.6% scope 3 use-of-sold-products target per USD value added by 2030
• Net-zero by 2050 with SBTi-approved long-term scope 1, 2 and 3 targets

Negative

• None.

Argus Mar 30 session

-7.11% close to close Open Argus

Details

News Market Reaction – ACLS

On Mar 30, the day this news came out, ACLS closed 7.11% below the previous close.

Data tracked by StockTitan Argus for the Mar 30 session.

Key Figures

Net-zero target year: 2050 Scope 1 & 2 reduction 2030: 65.88% Scope 3 reduction 2030: 51.6% +5 more

Net-zero target year

2050

Commitment to net-zero GHG emissions across value chain

Scope 1 & 2 reduction 2030

65.88%

Absolute GHG reduction from 2022 base year by 2030

Scope 3 reduction 2030

51.6%

Use-of-sold-products GHG per USD value added by 2030

Scope 1 & 2 reduction 2050

90.0%

Absolute GHG reduction from 2022 base year by 2050

Scope 3 reduction 2050

97.0%

GHG per USD value added by 2050

Base year

2022

Reference year for scope 1 and 2 targets

Interim target year

2030

Milestone year for initial emissions reductions

Final target year

2050

Milestone year for long-term emissions reductions

Historical Context

5 past events · Latest: Mar 19

5 events

1. Mar 19

   Trade show sponsorship

   24h Move

   +1.6%

   Diamond sponsorship and product showcase at SEMICON China 2026.

2. Mar 13

   Peer CFO appointment

   24h Move

   -2.3%

   Hexcel appoints permanent CFO with sector experience.

3. Mar 12

   CFO transition

   24h Move

   -2.3%

   Interim CFO named amid pending merger with Veeco.

4. Feb 23

   Investor conferences

   24h Move

   -1.7%

   Participation in multiple investor conferences for outreach.

5. Feb 17

   Earnings release

   24h Move

   -16.7%

   Q4 and 2025 results with strong revenue, EPS and guidance.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

science based targets initiative, greenhouse gas, ghg, scope 1, +4 more

8 terms

science based targets initiative technical

"approval of its greenhouse gas (GHG) emissions reduction targets by the Science Based Targets initiative (SBTi)"

A global nonprofit program that helps companies set and verify greenhouse gas reduction targets that match what climate science says is needed to avoid dangerous warming. Think of it like a certified road map and stamp of approval showing a company has a credible plan to cut emissions; investors use it as a shorthand for firms likely to manage climate risks, regulatory changes, and future costs better than peers without such verified plans.

greenhouse gas technical

"approval of its greenhouse gas (GHG) emissions reduction targets by the Science Based Targets initiative"

Gases such as carbon dioxide, methane and nitrous oxide that trap heat in the atmosphere like a blanket, causing global temperatures to rise. For investors they matter because regulation, carbon pricing, physical damage from extreme weather and changing consumer preferences can alter a company’s costs, profits and long‑term value, so measuring and managing these emissions affects financial risk and opportunity.

ghg technical

"approval of its greenhouse gas (GHG) emissions reduction targets by the Science Based Targets initiative"

Greenhouse gases (GHGs) are air pollutants like carbon dioxide and methane that trap heat in the atmosphere, similar to how a blanket holds in body warmth. For investors, GHGs matter because companies' emissions affect regulatory costs, reputational risk, and long-term business viability as governments and consumers push for lower emissions; measuring and reducing GHGs can signal future compliance, efficiency gains, or potential liabilities.

scope 1 technical

"Reduce absolute scope 1 and 2 GHG emissions by 65.88% by 2030 from a 2022 base year."

Scope 1 are the greenhouse gas emissions a company produces directly from sources it owns or controls, like fuel burned in company vehicles, boilers, or on-site factories. Think of it as the smoke coming out of a business’s own chimney versus electricity it buys from the grid. Investors watch Scope 1 because these direct emissions can create regulatory costs, operational changes, and reputational risks that affect profitability and long-term value.

scope 2 technical

"Reduce absolute scope 1 and 2 GHG emissions by 65.88% by 2030 from a 2022 base year."

Scope 2 covers the greenhouse gas emissions produced indirectly when a business uses energy it buys from others—most commonly electricity, but also steam, heating or cooling. Think of it like the pollution linked to your household’s electricity bill: you didn’t burn the fuel yourself, but your consumption still causes emissions. Investors watch Scope 2 because it affects a company’s climate footprint, energy costs, regulatory exposure and reputation, all of which can influence long‑term financial performance.

scope 3 technical

"Reduce scope 3 GHG emissions from use of sold products by 51.6% per USD value added by 2030."

Scope 3 describes all greenhouse gas emissions that occur upstream and downstream of a company’s direct operations—things like emissions from suppliers, transportation, product use, and disposal. Think of it as the hidden carbon footprint tied to everything a business buys, sells, or enables; it matters to investors because these indirect emissions can drive regulatory costs, supply-chain disruption, consumer preference shifts, and long-term valuation risk that aren’t visible on a company’s factory floor or utility bill.

net-zero technical

"Axcelis has committed to achieve net-zero GHG emissions across the value chain by 2050."

Net-zero means a company, country, or activity balances the greenhouse gases it emits with the amount it removes from the atmosphere, so its overall contribution to warming is zero—like a household that offsets all its waste by recycling and composting enough to cancel what it throws away. Investors care because net-zero plans affect future costs, regulatory exposure, reputation and access to capital, and therefore can change a business’s long-term risk and value.

usd value added technical

"Reduce scope 3 GHG emissions from use of sold products by 51.6% per USD value added by 2030."

USD value added is the dollar amount of new worth created by a company or activity after subtracting the cost of the materials and services it bought from others; think of it as the profit-like gain added at each step, measured in U.S. dollars. Investors use it to judge how much real economic contribution or margin a business produces—similar to checking how much a lemonade stand earns after buying lemons and sugar—to assess efficiency, competitiveness and potential returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEVERLY, Mass., March 30, 2026 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, is pleased to announce the approval of its greenhouse gas (GHG) emissions reduction targets by the Science Based Targets initiative (SBTi). The SBTi is a corporate climate action organization that enables companies worldwide to play their part in combating the climate crisis.

Axcelis has committed to achieve net-zero GHG emissions across the value chain by 2050. The company has been granted approval from SBTi to achieve the following goals:

• Reduce absolute scope 1 and 2 GHG emissions by 65.88% by 2030 from a 2022 base year.
• Reduce scope 3 GHG emissions from use of sold products by 51.6% per USD value added by 2030.
• Reduce absolute scope 1 and 2 GHG emissions by 90.0% by 2050 from a 2022 base year.
• Reduce scope 3 GHG emissions by 97.0% per USD value added by 2050.

President and CEO, Dr. Russell Low, commented, "Axcelis is proud to take a leading role in the industry to drive efforts to mitigate climate change. Holding ourselves accountable to drive sustainable growth is at the heart of what we do at Axcelis. These goals are just one part of Axcelis' Purpose, to passionately innovate with our customers, delivering technology for a sustainable future."

Axcelis reports on progress toward its climate goals in its annual Sustainability Report.

About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS:
Press/Media Relations Contact: 
Maureen Hart
Senior Director, Corporate & Marketing Communications
Telephone: (978) 787-4266
Email: Maureen.Hart@axcelis.com

Investor Relations Contact:
David Ryzhik
Senior Vice President, Interim CFO
Telephone: (978) 787-2352
Email: David.Ryzhik@axcelis.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/axcelis-announces-sbti-approval-of-science-based-greenhouse-gas-emissions-reduction-targets-302728061.html

SOURCE Axcelis Technologies, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What SBTi targets did Axcelis (ACLS) announce on March 30, 2026?

Axcelis announced SBTi-approved targets including -65.88% scope 1 & 2 by 2030 and -90.0% scope 1 & 2 by 2050. According to Axcelis, the targets use a 2022 base year and also include scope 3 reductions per USD value added.

Does Axcelis (ACLS) commit to net-zero emissions and what is the timeline?

Yes. Axcelis committed to net-zero GHG emissions by 2050 with SBTi-approved targets. According to Axcelis, the plan pairs interim 2030 targets with long-term 2050 reductions across scope 1, 2 and scope 3 metrics.

What scope 3 reductions did Axcelis (ACLS) get approved by SBTi in 2026?

SBTi approved Axcelis' scope 3 targets of -51.6% per USD value added by 2030 and -97.0% by 2050. According to Axcelis, scope 3 reductions focus on the use of sold products and are measured per USD value added.

How will Axcelis (ACLS) report progress on its SBTi climate goals?

Axcelis will report progress in its annual sustainability report and update stakeholders regularly. According to Axcelis, the company will track progress against the SBTi-approved 2030 and 2050 reduction targets using a 2022 base year.

What do Axcelis' 2030 emissions targets mean for investors in ACLS?

The targets signal a formal, SBTi-approved emissions reduction pathway through 2030 and 2050. According to Axcelis, the commitments include concrete percentage goals for scope 1, 2 and scope 3 that the company will report against annually.