ASM is the first company in the semiconductor sector to receive SBTi’s verification of its net-zero target, the most ambitious target designation available through the SBTi process.
‘Accelerate Sustainability’ is a part of our long-term growth strategy,” said Benjamin Loh, President and CEO of ASM. “The reason is that we recognise climate change as one of the most pressing issues of our time. We realise the significant work ahead of us in realising our targets and know there is no time to waste.”
ASM first announced the net-zero 2035 target in 2021 as part of its ambitious sustainability agenda. Since then, ASM immediately set itself on a path to decarbonise, growing its share of electricity from renewable sources to 76% in 2022 compared to 10% in 2020. ASM targets 100% renewable electricity by 2024.
Regarding Scope 3 GHG emissions, ASM is pursuing its targets across the value chain by focusing on product sustainability innovation in collaboration with leading customers. The company also engages in direct supply chain outreach, encouraging suppliers to accelerate their transition to renewable electricity.
Realising their net-zero targets will require progress both upstream and downstream in its entire value chain, they are collaborating with and engaging their stakeholders to join them in this journey. As part of its strategy, ASM ideated, is a founding member of the Semiconductor Climate Consortium (SCC), and was elected as first chair of the consortium.
This consortium was formed in 2022 to leverage the potential scale of collaboration to speed up the industry’s progress on climate issues.
“Engaging in the SCC is critical to both our industry and ASM’s progress toward net-zero,” said John Golightly, ASM’s Corporate Director of Sustainability, and elected chair of SCC’s governing council.
In the first half of 2024, ASM aims to publish a Climate Transition Plan to further disclose its decarbonisation efforts.