UMC’s Climate Goals Validated by Science Based Targets Initiative (SBTi)
June 23 2022 - 3:31AM
Business Wire
Confirms pathway to achieve net zero emission
by 2050
United Microelectronics Corporation (NYSE: UMC; TWSE: 2303)
(“UMC”) announced today that the Science Based Targets initiative
(SBTi) has approved its emissions reduction targets, making the
Company the first semiconductor foundry globally to obtain SBTi
validation of climate goals. This marks a critical step in UMC’s
roadmap to achieve net zero emissions by 2050.
SC Chien, Co-President and Chief Sustainability Officer of UMC,
said: “In 2021, we became the first semiconductor foundry to pledge
net zero, while also gaining membership to RE100. SBTi’s approval
is a confirmation of our intended pathway to achieve net zero while
also ensuring our reduction targets are in line with what the
latest climate science says is needed to prevent the worst impacts
of climate change. UMC’s efforts to combat global warming started
more than two decades ago, and we have achieved progressive goals
to cut greenhouse gas emissions over the years. We will continue to
drive further reductions at our operations as well as work with
partners to address value chain emissions as we strive towards our
scientifically verified targets.”
With 2020 as the base year, UMC targets 25% reduction in direct
greenhouse gas emissions (Scope 1) and indirect emissions from
electricity consumption (Scope 2) by 2030. The Company also aims to
lower emissions from its value chain (Scope 3) by 12.3% in the same
period. These targets are confirmed by the SBTi. UMC was able to
complete the validation process in less than six months,
demonstrating the Company’s solid foundation in and management of
greenhouse gas inventory, as well as the determination to honor its
climate pledge.
The SBTi is a partnership between CDP, the United Nations Global
Compact, World Resources Institute, and the World Wide Fund for
Nature. It defines and promotes best practice in science-based
target setting and independently assesses companies’ targets. UMC
is among the 1,400-plus companies and institutions that have had
their science-based targets validated.
To minimize emissions associated with both wafer manufacturing
and usage of end products, UMC will continue to invest in advanced
foundry technologies, and seek ways to boost energy and resource
efficiency. As a RE100 member, the Company is actively pursuing its
2030 goal of increasing renewables to 30% of total energy
consumption, which will contribute to reductions in Scope 2
emissions. In addition, UMC is engaging with partners in order to
reduce upstream and downstream emissions to achieve a low-carbon
value chain.
About UMC
UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor
foundry company. The company provides high quality IC fabrication
services, focusing on logic and various specialty technologies to
serve all major sectors of the electronics industry. UMC’s
comprehensive IC processing technologies and manufacturing
solutions include Logic/Mixed-Signal, embedded High-Voltage,
embedded Non-Volatile-Memory, RFSOI and BCD etc. Most of UMC's
12-in & 8-in fabs with its core R&D are located in Taiwan,
with additional ones throughout Asia. UMC has total 12 fabs in
production with combined capacity over 800,000 wafers per month
(8-in equivalent), and all of them are certified with IATF 16949
automotive quality standard. UMC is headquartered in Hsinchu,
Taiwan, plus local offices in United States, Europe, China, Japan,
Korea & Singapore, with worldwide total 20,000 employees. For
more information, please visit: https://www.umc.com.
Note from UMC Concerning Forward-Looking Statements
Some of the statements in the foregoing announcement are
forward-looking within the meaning of the U.S. Federal Securities
laws, including statements about introduction of new services and
technologies, future outsourcing, competition, wafer capacity,
business relationships and market conditions. Investors are
cautioned that actual events and results could differ materially
from these statements as a result of a variety of factors,
including conditions in the overall semiconductor market and
economy; acceptance and demand for products from UMC; and
technological and development risks. Further information regarding
these and other risks is included in UMC’s filings with the U.S.
Securities and Exchange Commission. UMC does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220623005425/en/
Media Corporate Communications Michelle Yun (886)
2-2658-9168 ext. 16951 michelle_yun@umc.com
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