Credo Technology Group Holding Ltd

Common Name
Credo
Country
Cayman Islands
Sector
Technology
Industry
Semiconductors
Employees
622
Ticker
CRDO
Exchange
NASDAQ/NGS
Description
Credo Technology Group Holding Ltd. is a provider of connectivity solutions critical for modern high-speed networks and data infrastructure. Specializing in delivering cutting-edge products designed t...

Credo's GHG Emissions Data Preview

In 2023, Credo completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, Credo has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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a
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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Verified Sources Behind Credo’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Credo’s data sources below and access millions more through our Disclosure Search.

a. Credo's ESG Report 2024
a. Credo's ESG Report 2024

Insights into Credo's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Credo amounted to 1,328.392 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Credo's Scope 1 Emissions Over Time

20230255075100tCO2e
  • Total Scope 1
  • Year-over-Year Change

What are Credo's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Credo were 93.361 metric tons of CO₂ equivalent (tCO₂e). a

What are Credo's Scope 2 emissions?

In 2023, Credo reported Scope 2 greenhouse gas (GHG) emissions of 1,235.032 tCO₂e without specifying the calculation method. a

What methodology does Credo use for Scope 2 reporting?

In 2023, Credo reported its Scope 2 emissions using an unspecified methodology. a

Credo's Scope 2 Emissions Over Time

202303507001.05 k1.4 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Credo’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Credo reported Scope 1 greenhouse gas (GHG) emissions of 93.361 tCO₂e and total revenues of USD 184 millions. This translates into an emissions intensity of 0.51 tCO₂e per millions USD. a

Credo's Scope 1 Emissions Intensity Compared to Peers

21002,000100,0002,000,000Scope 1 Emissions (tCO2e)202002,00020,000200,000Revenues (Millions of USD)FOWHFFAFFFudan MicroelectronicsYear: 2023Scope 1: 46 tCO2eRevenue: $M 498Scope 1 Intensity: 0.09 tCO2e/$MVeriSilicon Microelectronics ShanghaiYear: 2023Scope 1: 28 tCO2eRevenue: $M 329Scope 1 Intensity: 0.09 tCO2e/$MUnisem (M)Year: 2023Scope 1: 2,400 tCO2eRevenue: $M 313Scope 1 Intensity: 7.66 tCO2e/$MOOOrient Semiconductor ElectronicsYear: 2023Scope 1: 589 tCO2eRevenue: $M 544Scope 1 Intensity: 1.08 tCO2e/$MESMTYear: 2023Scope 1: 56 tCO2eRevenue: $M 387Scope 1 Intensity: 0.14 tCO2e/$MSitronix TechnologyYear: 2022Scope 1: 7 tCO2eRevenue: $M 584Scope 1 Intensity: 0.01 tCO2e/$MImpinjYear: 2023Scope 1: 53 tCO2eRevenue: $M 307Scope 1 Intensity: 0.17 tCO2e/$MVIA TechnologiesYear: 2023Scope 1: 61 tCO2eRevenue: $M 412Scope 1 Intensity: 0.15 tCO2e/$MSunplus TechnologyYear: 2023Scope 1: 3 tCO2eRevenue: $M 181Scope 1 Intensity: 0.02 tCO2e/$MX-FABYear: 2024Scope 1: 86,635 tCO2eRevenue: $M 701Scope 1 Intensity: 123.63 tCO2e/$MParade TechnologiesYear: 2023Scope 1: 128 tCO2eRevenue: $M 449Scope 1 Intensity: 0.29 tCO2e/$MLattice SemiconductorYear: 2023Scope 1: 2,009 tCO2eRevenue: $M 737Scope 1 Intensity: 2.73 tCO2e/$MWWWIN SemiconductorsYear: 2023Scope 1: 36,261 tCO2eRevenue: $M 516Scope 1 Intensity: 70.24 tCO2e/$MSemtechYear: 2023Scope 1: 1,725 tCO2eRevenue: $M 869Scope 1 Intensity: 1.99 tCO2e/$MArm HoldingsYear: 2024Scope 1: 842 tCO2eRevenue: $M 3,233Scope 1 Intensity: 0.26 tCO2e/$MHHHoltek SemiconductorYear: 2023Scope 1: 37 tCO2eRevenue: $M 85Scope 1 Intensity: 0.43 tCO2e/$MIntelYear: 2023Scope 1: 845,000 tCO2eRevenue: $M 54,228Scope 1 Intensity: 15.58 tCO2e/$MMelexisYear: 2023Scope 1: 1,176 tCO2eRevenue: $M 1,067Scope 1 Intensity: 1.10 tCO2e/$MSemiconductor Manufacturing InternationalYear: 2024Scope 1: 823,765 tCO2eRevenue: $M 62,839Scope 1 Intensity: 13.11 tCO2e/$MFFFormosa Advanced TechnologiesYear: 2023Scope 1: 988 tCO2eRevenue: $M 249Scope 1 Intensity: 3.96 tCO2e/$MFFFocalTech SystemsYear: 2023Scope 1: 1,706 tCO2eRevenue: $M 442Scope 1 Intensity: 3.86 tCO2e/$MGigaDevice SemiconductorYear: 2023Scope 1: 226 tCO2eRevenue: $M 811Scope 1 Intensity: 0.28 tCO2e/$MAAAsmedia TechnologyYear: 2023Scope 1: 24 tCO2eRevenue: $M 209Scope 1 Intensity: 0.12 tCO2e/$MCredoYear: 2023Scope 1: 93 tCO2eRevenue: $M 184Scope 1 Intensity: 0.51 tCO2e/$M

How does Credo's GHG emissions intensity compare to its peers?

In 2023, Credo reported a Scope 1 emissions intensity of 0.51 tCO₂e per millions USD. Compared to the peer group median of 0.43 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Credo rank on GHG emissions intensity within its industry?

In 2023, Credo ranked 13 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Credo is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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