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As TI works with SBTi to develop and assess its future goals, the company remains focused on its current multiyear GHG goals that continue through 2025.
DALLAS (November 8, 2024) – Texas Instruments (TI) today announced that the Science Based Targets initiative (SBTi) has received the company's commitment to set near-term company-wide emissions reductions in line with climate science.
As part of its commitment, TI is developing science-based targets for review and validation by SBTi's technical experts, including greenhouse gas (GHG) emissions reduction targets for Scope 1 and 2 emissions aligned with the Paris Agreement which sets the goal of limiting global warming to 1.5°C. In addition, TI plans to begin reporting additional relevant Scope 3 GHG emission categories in 2025 and plans to set supplier engagement targets to reduce emissions across its value chain.
"Our semiconductors are the foundation of sustainable technology solutions, from renewable energy and storage to vehicle electrification." - Haviv Ilan, TI President and Chief Executive Officer
"As a manufacturer of tens of billions of semiconductors each year, it’s critical that we provide dependable capacity while continuously striving to reduce our environmental impact. Setting and achieving climate goals underscores TI’s long-standing commitment to operate in a socially thoughtful and environmentally responsible manner, and we are confident that our collective efforts will be impactful and long-lasting." - Haviv Ilan
As TI works with SBTi to develop and assess its future goals, the company remains focused on its current multiyear goals that continue through 2025, including a reduction in absolute Scope 1 and Scope 2 emissions by 25% from a 2015 base year.
As the company continues to expand its manufacturing and provide geopolitically dependable capacity, TI will further increase its use of renewable electricity, with key milestones to reach 100% in its 300mm manufacturing operations by 2025, 100% in its U.S. operations by 2027, and 100% in its worldwide operations by 2030.
TI’s commitment to environmental sustainability
TI has a long-standing commitment to responsible, sustainable manufacturing, including multiyear goals and programs focused on conserving natural resources, reducing energy consumption, and mitigating environmental impact. To learn more about TI’s commitment to environmental sustainability, visit TI.com/sustainability.
About Science Based Targets initiative
The Science Based Targets initiative (SBTi) is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis. The organization develops standards, tools and guidance which allows companies to set GHG emissions reductions targets in line with the Paris Agreement to keep global heating below catastrophic levels and reach net zero by 2050 at the latest. SBTi is incorporated as a charity with partners including CDP, the United Nations Global Compact, the World Resources Institute (WRI), and the WWF.
Notice regarding forward-looking statements
This communication includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for the achievability and impact of the company's environmental sustainability goals. These forward-looking statements generally can be identified by phrases such as TI or its management “plans”, “will,” “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe TI’s business strategy, outlook, objectives, plans, commitments, intentions or goals are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. For a more detailed discussion of these factors, see the risk factors discussion in its 2024 annual report on Form 10-K, filed with the SEC. The forward-looking statements included in this communication are made only as of the date of this communication. We undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances.
About Texas Instruments
Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com.
