Iqe
Iqe, also known as IQE plc, is a leading provider of advanced semiconductor materials, headquartered in Great Britain. Founded in 1988, the company has established a strong presence in key operational regions, including Europe, North America, and Asia. Specialising in the development and manufacturing of compound semiconductor wafers, Iqe serves diverse industries such as telecommunications, automotive, and consumer electronics. With a commitment to innovation, Iqe has achieved significant milestones, including pioneering developments in 5G technology and photonics. Their core products, which include epitaxial wafers and advanced materials, are distinguished by their high performance and reliability. Recognised for its market leadership, Iqe continues to drive advancements in semiconductor technology, positioning itself as a vital player in the global electronics supply chain.
DitchCarbon Score
How does Iqe'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
Iqe's score of 66 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Iqe's reported carbon emissions
In 2023, IQE plc reported total carbon emissions of approximately 19,603,000 kg CO2e, a reduction from about 22,180,000 kg CO2e in 2022. The breakdown of emissions for 2023 includes Scope 1 emissions at about 2,757,000 kg CO2e, Scope 2 emissions at approximately 15,068,000 kg CO2e, and Scope 3 emissions at around 1,779,000 kg CO2e. IQE has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 42% by 2030, using 2021 as the baseline year. Additionally, IQE plans to cut Scope 3 emissions from fuel- and energy-related activities by 55% by 2030. By 2028, IQE aims for 85% of its suppliers and 60% of its customers to have science-based targets in place. Long-term, IQE is committed to a 90% reduction in both Scope 1 and 2 emissions and Scope 3 emissions from purchased goods and services, capital goods, fuel- and energy-related activities, and processing of sold products by 2050. These targets align with the Science Based Targets initiative (SBTi) and reflect IQE's commitment to addressing climate change effectively.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 3,689,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 20,084,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,818,000 | 0,000,000 | 0,000,000 |
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.
Iqe is participating in some 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.
