GlobalFoundries Accelerates GHG Reductions Commitments with Near Term Science-Based Target

Core Viewpoint - GlobalFoundries (GF) is accelerating its greenhouse gas (GHG) emission reduction goals, committing to a 42% reduction by 2030 from 2021 levels, up from a previous target of 25% [2][5]. Group 1: Emission Reduction Commitment - GF's updated Journey to Zero Carbon pledge aims for a 42% reduction in total GHG emissions by 2030, while expanding its semiconductor manufacturing capacity [2]. - The company plans to achieve this goal through energy efficiency improvements, advanced emissions controls, alternative chemistries, and lower-carbon power usage across its facilities in the U.S., Germany, and Singapore [2][4]. Group 2: Alignment with Standards - GF is aligning its GHG emission reduction targets with the Science Based Target Initiative (SBTi), recognized as a leading standard for science-based carbon reduction [3][4]. - The commitment to SBTi reflects GF's dedication to responsible manufacturing and supporting customers' sustainability goals [4]. Group 3: Long-term Sustainability Goals - In addition to the near-term targets, GF remains committed to achieving net-zero GHG emissions and 100% carbon-neutral power by 2050 [5]. - This long-term objective aligns with global efforts to reduce emissions and promote environmental sustainability [5].