Applied Materials receives SBTi validation of emissions reduction targets

Applied Materials announced that its science-based Scope 1, 2 and 3 emissions reduction targets have received validation from the Science Based Targets initiative. By setting a 1.5 degrees C-aligned target, currently the most ambitious designation available through the SBTi process, Applied is aligning its emissions reduction program to the latest climate science, validated by a third party, and will report its progress annually. Applied’s Scope 1 and Scope 2 greenhouse gas emissions are those produced directly by the company and by the energy it purchases. Its Scope 3 emissions, which make up more than 99 percent of Applied’s carbon footprint, consist of the upstream emissions from the company’s supply chain and the downstream emissions from the use of its products by customers. Following are Applied’s near-term science-based targets that have received SBTi validation: Applied Materials, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 50% by FY2030 from a FY2019 base year. Applied Materials, Inc. also commits to increase active annual sourcing of renewable electricity from 36% in FY2019 to 100% by FY2030. Applied Materials, Inc. further commits to reduce scope 3 GHG emissions from use of sold products 55% per million USD of value added by FY2030 from a FY2019 base year.