Marvell Technology Inc

Common Name
Marvell Technology
Country
United States
Sector
Technology
Industry
Semiconductors
Employees
7,042
Ticker
MRVL
Exchange
NASDAQ/NGS
Description
Marvell Technology, Inc. is a semiconductor company that develops and supplies a broad array of comprehensive solutions for data infrastructure. The primary purpose of Marvell Technology is to provide...

Marvell Technology's Climate Target Data Preview

As of 2024, Marvell Technology has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 1 intensity-based target 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 Marvell Technology ’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
Intensity-based Target*
Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e) per Other Intensity Metric (Unlisted)
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a
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries

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Insights into Marvell Technology's Greenhouse Gas Emissions Pathways

As of 2024, Marvell Technology has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does Marvell Technology have a target to reduce the emissions from its operations?

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

Marvell Technology's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 27,496 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022. a

As of 2024, Marvell Technology is lagging behind on its operational emissions reduction target, having achieved 6.26% of the planned reduction. a

Marvell Technology's Operational (Scope 1+2) Emissions Pathway

20222024203007 k14 k21 k28 kCurrent (-3%)Target 2030 (-50%)

Does Marvell Technology have a target to reduce the emissions from its value chain?

As of 2024, Marvell Technology has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

Marvell Technology's most ambitious value chain target is to reduce these emissions by 55% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Other Intensity Metric (Unlisted) in 2022. a

As of 2024, Marvell Technology is ahead of schedule on its value chain emissions reduction target, having achieved 47.62% of the planned reduction. a

Marvell Technology's Value Chain (Scope 3) Emissions Pathway

20222024203000000BaselineCurrent (-26%)Target 2030 (-55%)
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