GlobalFoundries Inc

Common Name
GlobalFoundries
Country
United States
Sector
Technology
Industry
Semiconductors
Employees
13,000
Ticker
GFS
Exchange
NASDAQ/NGS
Website
gf.com
Description
GlobalFoundries Inc. is a leading multinational semiconductor contract manufacturing and design company. Specializing in the production of integrated circuits on silicon wafers, it serves a wide range...

GlobalFoundries's Climate Target Data Preview

As of 2024, GlobalFoundries has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction 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 GlobalFoundries ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
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Verified Sources Behind GlobalFoundries’s Climate Targets Data

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a. GlobalFoundries's Sustainability Report 2024
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Insights into GlobalFoundries's Greenhouse Gas Emissions Pathways

As of 2024, GlobalFoundries 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 GlobalFoundries have a target to reduce the emissions from its operations?

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

GlobalFoundries's most ambitious operational target is to reduce these emissions by 25% by 2030, compared to a baseline of 1,896,774 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020. a

As of 2023, GlobalFoundries is on track to meet its operational emissions reduction target, having achieved 24.72% of the planned reduction. a

GlobalFoundries's Operational (Scope 1+2) Emissions Pathway

2020202320300500 k1 M1.5 M2 MCurrent (-6%)Target 2030 (-25%)
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