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Allegro Microsystems Inc

Common Name
Allegro Microsystems
Country
United States
Sector
Technology
Industry
Semiconductors
Employees
4,250
Ticker
ALGM
Exchange
Nasdaq
Description
Allegro MicroSystems, Inc. is a fabless semiconductor company specializing in power and sensing integrated circuits for motion control and energy-efficient systems. The company designs, develops, and ...

Allegro Microsystems's Climate Target Data Preview

As of 2024, Allegro Microsystems has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 intensity-based target, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Allegro Microsystems's climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Revenue
-50%a
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Allegro Microsystems’s Climate Targets Data

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a. Allegro Microsystems's ESG Report 2024

Insights into Allegro Microsystems's Greenhouse Gas Emissions Pathways

As of 2024, Allegro Microsystems has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.a

Does Allegro Microsystems have a target to reduce the emissions from its operations?

As of 2024, Allegro Microsystems has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a

Allegro Microsystems's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Revenue in 2018.a

As of 2024, Allegro Microsystems is lagging behind on its operational emissions reduction target, having achieved 36.4% of the planned reduction.a

Allegro Microsystems's Operational (Scope 1+2) Emissions Pathway

20182024203000000BaselineCurrent (-18%)Target 2030 (-50%)
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