Wolf Speed
Wolf Speed, officially known as Wolfspeed, Inc., is a leading innovator in the semiconductor industry, headquartered in the United States. Founded in 1987, the company has established itself as a pioneer in wide bandgap semiconductor technology, particularly in silicon carbide (SiC) and gallium nitride (GaN) materials. With major operational regions across North America and Europe, Wolfspeed focuses on delivering high-performance power and radio frequency (RF) solutions. The company’s core products include SiC power devices, RF components, and materials, which are renowned for their efficiency and reliability in demanding applications. Wolfspeed's commitment to sustainability and performance has positioned it as a key player in the electric vehicle, renewable energy, and telecommunications sectors. Notable achievements include significant advancements in energy efficiency and a strong market presence, making Wolfspeed a trusted name in the semiconductor landscape.
DitchCarbon Score
How does Wolf Speed's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Wolf Speed's score of 40 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Wolf Speed's reported carbon emissions
In 2023, Wolf Speed reported total carbon emissions of approximately 355,348,000 kg CO2e from Scope 1, 113,683,000 kg CO2e from Scope 2, and a significant 307,915,772,000 kg CO2e from Scope 3 emissions. This indicates a substantial reliance on indirect emissions, particularly from purchased goods and services, which accounted for about 1,425,413,000 kg CO2e. Comparatively, in 2022, the company emitted approximately 309,299,000 kg CO2e in Scope 1, 96,349,000 kg CO2e in Scope 2, and 300,920,068,000 kg CO2e in Scope 3. This shows an increase in Scope 1 emissions and a slight increase in Scope 3 emissions year-on-year. Wolf Speed has not disclosed specific reduction targets or initiatives as part of their climate commitments. However, the company is actively monitoring its emissions across all three scopes, indicating a commitment to transparency in its sustainability efforts. The absence of defined reduction targets suggests that while emissions data is being tracked, strategic plans for significant reductions may still be in development.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 146,900 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 168,500 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Wolf Speed is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
