Wolfspeed Inc

Common Name
Wolfspeed
Country
United States
Sector
Technology
Industry
Semiconductors
Employees
5,013
Ticker
WOLF
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Wolfspeed Inc. is a leading innovator in the production of silicon carbide materials and devices, vital components in the power and radio frequency (RF) markets. With its roots in advanced semiconduct...

Wolfspeed's Climate Target Data Preview

As of 2022, Wolfspeed 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 Wolfspeed ’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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2030

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Wolfspeed's Greenhouse Gas Emissions Pathways

As of 2022, Wolfspeed 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.

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

As of 2022, Wolfspeed has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Wolfspeed's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 333,019 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.

Instead of reducing operational emissions, Wolfspeed has increased them, with 2021 levels exceeding those of the 2019 baseline, placing the company well behind its reduction target.

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

2019202120300150 k300 k450 k600 kBaselineCurrent (+35%)Target 2030 (-50%)
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