Infineon gains approval of Science Based Targets initiative for ambitious CO2 emission reduction targets

Rhea-AI Summary

Infineon Technologies (IFNNY) has received approval from the Science Based Targets initiative (SBTi) for its greenhouse gas emission reduction targets. The company commits to reduce absolute scope 1 and 2 emissions by 72.5% by 2030 compared to 2019, aligning with the Paris Agreement's 1.5°C goal. For scope 3 emissions, Infineon targets having 72.5% of its suppliers implement science-based targets by 2029 for purchased goods, services, capital goods, and upstream transportation.

The company maintains its 2030 CO2 neutrality goal for scope 1 and 2 emissions, focusing on voluntary abatement, energy efficiency measures, and green electricity. Infineon is actively collaborating with over 100 suppliers to reduce CO2 emissions throughout its supply chain.

Positive

• SBTi approval validates Infineon's ambitious emission reduction targets
• Commitment to 72.5% reduction in scope 1 and 2 emissions by 2030
• Active collaboration with over 100 suppliers on CO2 reduction
• Maintains 2030 CO2 neutrality goal for scope 1 and 2 emissions

Negative

• Significant operational changes and investments likely needed to achieve targets
• Dependency on suppliers' compliance with emission reduction targets

• Scope 1 and 2 targets meet highest SBTi standard for near-term reduction goals
• Infineon sets ambitious scope 3 target to further reduce emissions along the supply chain
• Active work with over one hundred suppliers to further reduce emissions

MUNICH, May 15, 2025 /PRNewswire/ -- Infineon Technologies AG (FSE: IFX) (OTCQX: IFNNY) has reached another milestone in its decarbonization efforts: The Science Based Targets initiative (SBTi) has approved the company's ambitious greenhouse gas emission reduction targets. The approval spans the company's own emissions (scope 1 and 2) as well as emissions along the supply chain (scope 3). The scope 1 and 2 goals are in line with the Paris Agreement to limit global temperature increase to 1.5^° Celsius, meeting the most ambitious SBTi category for near-term CO₂ reduction targets. In addition, Infineon has now set itself an official scope 3 target addressing the supply chain. Collaboration with suppliers is a fundamental part of Infineon's sustainability strategy; the Infineon procurement team is already actively working together with over a hundred suppliers on solutions that reduce CO₂ emissions.

"The validation of our decarbonization targets by the Science Based Targets initiative is an important milestone in Infineon's sustainability efforts. It underscores our commitment to reducing greenhouse gas emissions along our entire value chain," said Elke Reichart, member of the Management Board and Chief Digital and Sustainability Officer at Infineon. "Climate change and its consequences remain one of the biggest threats facing society and need our continued action. A dedicated scope 3 target underlines our commitment to drive decarbonization even further."

Specifically, Infineon has made a commitment to SBTi to reduce absolute scope 1 and 2 greenhouse gas emissions by 72.5 percent by 2030 compared to the base year 2019. Scope 1 and 2 targets refer to the company's direct operations. Moreover, Infineon has now included a scope 3 emission target commitment: 72.5 percent of its suppliers measured by emissions related to purchased goods and services, capital goods and upstream transportation and distribution will have a science-based target by 2029.

In addition to the certified science-based targets, Infineon remains committed to its 2030 CO₂ neutrality goal (scope 1, 2) as formulated by the company in 2020. The reduction of CO₂ emissions is still a priority for Infineon. Voluntary abatement of greenhouse gas emissions, energy efficiency measures as well as green electricity are key levers for the company to reduce its CO₂ footprint.

The Science Based Targets initiative (SBTi) is a partnership between the Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). SBTi provides a clearly defined pathway for companies to reduce greenhouse gas emissions. Targets are considered 'science-based' when they are in line with the latest climate science in order to meet the goals of the Paris Agreement: limiting global warming to below 2° Celsius, ideally to below 1.5°C above pre-industrial levels.

Picture is available at AP

About Infineon
Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The Company had around 58,060 employees worldwide (end of September 2024) and generated revenue of about €15 billion in the 2024 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

Further information is available at www.infineon.com
This press release is available online at www.infineon.com/press
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Public / For the Business and Trade Press: INFXX202505-xxe
Diana Kaaserer (Headquarters) Agnes Toan (Americas) Lin Zhu (Greater China) Yasuyuki Kamiseki (Japan)	+49 89 234 36571 +1 408 250 1814 +86 21 6101 9199 +81 3 4595 7079	media.relations@infineon.com agnes.toan@infineon.com  lin.zhu@infineon.com  yasuyuki.kamiseki@infineon.com	Investor Relations: +49 89 234 26655 investor.relations@infineon.com

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SOURCE Infineon Technologies AG

FAQ

What are Infineon's (IFNNY) new emission reduction targets approved by SBTi?

Infineon commits to reduce scope 1 and 2 emissions by 72.5% by 2030 compared to 2019, and targets having 72.5% of suppliers implement science-based targets by 2029 for scope 3 emissions.

How is Infineon working with its suppliers to reduce emissions?

Infineon is actively collaborating with over 100 suppliers to develop solutions that reduce CO2 emissions throughout its supply chain.

What is Infineon's timeline for achieving CO2 neutrality?

Infineon aims to achieve CO2 neutrality for scope 1 and 2 emissions by 2030, using measures like voluntary abatement, energy efficiency, and green electricity.

What is the significance of SBTi approval for Infineon's emission targets?

SBTi approval validates that Infineon's targets align with the Paris Agreement's goal to limit global warming to 1.5°C, meeting the highest standard for near-term CO2 reduction targets.