SAN DIEGO, Nov. 1, 2021 /PRNewswire/ -- Qualcomm
Incorporated today announced plans to achieve net-zero global
emissions for Scopes 1, 2 and 3 by 2040 and committed to the
Science Based Targets initiative's (SBTi) Business Ambition for
1.5°C. This builds on the Company's existing greenhouse gas (GHG)
emissions reduction goal and includes interim 2030 science-based
emissions reduction targets across Scopes 1, 2 and 3.
"Our net-zero goal and commitment to SBTi reflects our belief
that environmental sustainability is absolutely imperative, with
significant social and economic benefits that require collective
action and leadership from Qualcomm and other corporate citizens,"
said Cristiano Amon, president and
chief executive officer, Qualcomm Incorporated.
Qualcomm has set three long-term GHG reduction goals, which
supplement the Company's existing 2025 GHG reduction strategy:
- To reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030
from 2020 base year.
- To reduce absolute Scope 3 GHG emissions by 25% by 2030 from
2020 base year.
- To reach net-zero global emissions for Scopes 1, 2 and 3 by
2040.
Qualcomm is already working towards achieving these long-term
goals by purchasing 100% renewable energy for its San Diego headquarters. The Company's strategy
includes transitioning to renewable energy via long-term Power
Purchase Agreements (PPAs), decarbonizing its operations and using
a minimal amount of Renewable Energy Credits (RECs) and carbon
offsets for residual emissions.
The wireless industry and cellular connectivity are connecting
everyone and everything which is creating efficiencies, reducing
power consumption of computing and consumer electronics and helping
close the digital divide. At Qualcomm our technologies, seek to
offer innovative ways to maximize the performance of devices, while
reducing the amount of energy they use. For example, Snapdragon
platforms, which power a wide range of devices, are
industry-leading in their power consumption optimization, enabling
longer battery life and increasing the time the device can be in
use before recharging.
"5G technologies and products will be instrumental in driving an
environmentally sustainable future. We're working with our partners
and customers to reduce emissions footprints, conserve resources
and harness the sustainability benefits of 5G globally," Amon
continued.
The Company recently released a report which highlights the
economic and sustainability benefits of 5G with a call-to-action
for joint efforts by industry and government to accelerate 5G
adoption. The report showed that the rollout of 5G in the U.S. is
expected to:
- Create as many as 300,000 new green jobs by 2030;
- Enable the reduction of 374 million metric tons of GHG
emissions - equivalent to taking 81 million passenger vehicles off
U.S. roads for one year;
- Save 410 billion gallons of water - the equivalent of water
usage in more than four million homes;
- Reduce pesticide usage by 50% with the use of unmanned aerial
vehicles; and
- Increase fuel efficiency by 20% through management systems
enabled by C-V2X.
About Qualcomm
Qualcomm is the world's leading
wireless technology innovator and the driving force behind the
development, launch, and expansion of 5G. When we connected the
phone to the internet, the mobile revolution was born. Today, our
foundational technologies enable the mobile ecosystem and are found
in every 3G, 4G and 5G smartphone. We bring the benefits of mobile
to new industries, including automotive, the internet of things,
and computing, and are leading the way to a world where everything
and everyone can communicate and interact seamlessly.
Qualcomm Incorporated includes our licensing business, QTL, and
the vast majority of our patent portfolio. Qualcomm Technologies,
Inc., a subsidiary of Qualcomm Incorporated, operates, along with
its subsidiaries, substantially all of our engineering, research
and development functions, and substantially all of our products
and services businesses, including our QCT semiconductor
business.
Qualcomm Contacts:
Pete
Lancia, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
Mauricio Lopez-Hodoyan, Investor Relations
Phone: 1-858-651-1387
Email: ir@qualcomm.com
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SOURCE Qualcomm Incorporated