{"id":11193,"date":"2024-04-22T08:33:43","date_gmt":"2024-04-22T12:33:43","guid":{"rendered":"https:\/\/gf.com\/?p=11193"},"modified":"2024-04-22T09:14:01","modified_gmt":"2024-04-22T13:14:01","slug":"globalfoundries-commits-to-achieving-net-zero-emissions-and-carbon-neutral-power-by-2050","status":"publish","type":"post","link":"https:\/\/gf.com\/gf-press-release\/globalfoundries-commits-to-achieving-net-zero-emissions-and-carbon-neutral-power-by-2050\/","title":{"rendered":"GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050"},"content":{"rendered":"\n<p><em>New goals target additional reductions and removal of greenhouse gas emissions to help fight climate change<\/em>&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/gf.com\/wp-content\/uploads\/2024\/04\/2-1-1024x1024.png\" alt=\"\" class=\"wp-image-11195\" style=\"width:327px;height:auto\" srcset=\"https:\/\/gf.com\/wp-content\/uploads\/2024\/04\/2-1-1024x1024.png 1024w, https:\/\/gf.com\/wp-content\/uploads\/2024\/04\/2-1-300x300.png 300w, https:\/\/gf.com\/wp-content\/uploads\/2024\/04\/2-1-150x150.png 150w, https:\/\/gf.com\/wp-content\/uploads\/2024\/04\/2-1-768x768.png 768w, https:\/\/gf.com\/wp-content\/uploads\/2024\/04\/2-1-600x600.png 600w, https:\/\/gf.com\/wp-content\/uploads\/2024\/04\/2-1.png 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>MALTA, N.Y., April 22, 2024<\/strong> &#8211; GlobalFoundries (Nasdaq: GFS) (GF) is furthering its commitment to sustainable operations and fighting climate change with the announcement of two new long-term goals to achieve net-zero greenhouse gas (GHG) emissions and 100% carbon-neutral power by 2050.\u00a0<\/p>\n\n\n\n<p>The new 2050 goals are aligned with <a href=\"https:\/\/www.un.org\/en\/climatechange\/paris-agreement\" target=\"_blank\" rel=\"noreferrer noopener\">Paris Agreement goals<\/a>, and build upon GF\u2019s <a href=\"https:\/\/gf.com\/gf-press-release\/globalfoundries-sets-journey-zero-carbon-goal-reduce-greenhouse-gas-emissions-25\/\" target=\"_blank\" rel=\"noreferrer noopener\">Journey to Zero Carbon<\/a> pledge in 2021 to reduce its greenhouse gas emissions by 25% from 2020 to 2030, even as the company continues to expand its global manufacturing capacity. Net-zero is the widely accepted international goal for mitigating global warming in the second half of the century, and calls for companies to reduce GHG emissions to keep the global rise in temperature below 2\u00b0C above pre-industrial times.&nbsp;<\/p>\n\n\n\n<p>Since 2021, GF has initiated energy efficiency improvements and implemented multiple projects employing alternative chemistries and abatement controls across its global semiconductor manufacturing operations. GF has also signed multiple agreements to improve the energy efficiency of onsite systems and reduce carbon emissions from electricity production. GF is on track to meet its 25% reduction goal by 2030, and is now taking the next step by setting a net zero goal for 2050.&nbsp;<\/p>\n\n\n\n<p>\u201cClimate change is a universal concern for every nation, company and person on this planet, and there are no do-overs when it comes to global warming. It is incumbent upon all of us to take meaningful action to fight against this risk,\u201d said Dr. Thomas Caulfield, president and CEO of GF. \u201cWith our net zero 2050 goal, GF is pledging to continue our sustainability journey and innovate new ways of reducing our emissions and our overall impact on the environment. Not only does this make sense and drive value from a business perspective, it\u2019s the right thing to do for our planet and the future of humanity.\u201d&nbsp;<\/p>\n\n\n\n<p>To achieve its net zero 2050 goal, GF will further reduce emissions through the continued use of state-of-the-art emissions controls when expanding its manufacturing footprint, installation of new controls on existing sites where appropriate, expanded use of alternative chemistries, and achieving 100% carbon-neutral power. The company is also working with suppliers and partners to further reduce and remove emissions across GF\u2019s value chain.&nbsp;<\/p>\n\n\n\n<p>GF\u2019s net zero 2050 goal is the latest example of the company\u2019s longstanding commitment to sustainable operations. Recent recognitions of these efforts include being named to Morningstar Sustainalytics\u2019 \u201c2024 Top-Rated ESG Companies,\u201d maintaining a \u201cPrime\u201d corporate ESG performance rating in 2023 from ISS, and being named to Newsweek\u2019s 2023 and 2024 lists of \u201cAmerica\u2019s Most Responsible Companies.\u201d&nbsp;<\/p>\n\n\n\n<p>Read more about sustainability at GF: <a href=\"https:\/\/gf.com\/about-us\/corporate-responsibility\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/gf.com\/about-us\/corporate-responsibility<\/a>&nbsp;<\/p>\n\n\n\n<p><strong>About GlobalFoundries<\/strong>&nbsp;<\/p>\n\n\n\n<p>GlobalFoundries (GF) is one of the world\u2019s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development, and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. For more information, visit www.gf.com.&nbsp;&nbsp;<\/p>\n\n\n\n<p><em>\u00a9GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners.&nbsp;<\/em>&nbsp;<\/p>\n\n\n\n<p><strong>Forward-looking Information<\/strong>&nbsp;<\/p>\n\n\n\n<p>This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.&nbsp;<\/p>\n\n\n\n<p><strong>Media Contact:<\/strong>&nbsp;<\/p>\n\n\n\n<p>Michael Mullaney\u00a0<br>michael.mullaney@gf.com\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New goals target additional reductions and removal of greenhouse gas emissions to help fight climate change&nbsp; MALTA, N.Y., April 22, [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":11197,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"market_tags":[],"article_type":[3],"class_list":["post-11193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","article_type-press-release",""],"acf":[],"mb":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050 | GlobalFoundries<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gf.com\/gf-press-release\/globalfoundries-commits-to-achieving-net-zero-emissions-and-carbon-neutral-power-by-2050\/\" 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