Credo Technology Group Holding Ltd
Credo Technology Group Holding Ltd., commonly referred to as Credo, is a leading player in the radio, television, and communication equipment industry, headquartered in the Cayman Islands (KY). Founded in 2015, the company has rapidly established itself as a key innovator in high-speed connectivity solutions, particularly in the data centre and telecommunications sectors.
With a focus on advanced semiconductor technology, Credo offers unique products such as high-speed optical transceivers and integrated circuits that enhance data transmission efficiency. The company’s commitment to quality and performance has positioned it favourably in a competitive market, earning recognition for its cutting-edge solutions. As Credo continues to expand its operational footprint across major global markets, it remains dedicated to driving innovation in communication technologies.
-16 vs industry average
Credo Technology Group Holding Ltd’s score of 22 is lower than 34% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Communication Equipment Manufacturing has below-average carbon intensity
Industry performance
The Communication Equipment Manufacturing industry has reduced its overall emissions by 30% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Credo Technology Group Holding Ltd's reported carbon emissions
Credo Technology Group Holding Ltd, headquartered in KY and operating within the radio, television and communication equipment and apparatus industry, has reported its carbon emissions and outlined climate commitments.
For the year 2024, Credo Technology Group Holding Ltd reported Scope 1 emissions of approximately 98,000 kg CO2e and Scope 2 emissions of approximately 1,088,000 kg CO2e. The combined Scope 1 and 2 emissions for 2024 were approximately 1,187,000 kg CO2e.
In 2023, the company's combined Scope 1 and 2 emissions amounted to approximately 1,488,000 kg CO2e.
Credo Technology Group Holding Ltd has established several reduction targets. The company aims for a 50.0% absolute reduction in its Scope 1 emissions by 2030, with 2023 as the baseline year. Direct emissions in 2023 were approximately 93 metric tons of CO₂ equivalent (tCO₂e), primarily from stationary fuel usage. Furthermore, Credo is committed to a 50.0% intensity reduction in Scope 2 emissions by 2025, compared to 2021 levels, focusing on reducing power consumption. Indirect emissions from purchased electricity totalled 1,235 tCO₂e in 2023. The company also supports the city of San Jose's carbon neutrality goal by 2030, demonstrating the feasibility of renewable energy.
Credo Technology Group Holding Ltd's emissions data is not cascaded from a parent organization, as indicated by a cascade level of 0. The company's reporting for climate initiatives and performance data is sourced directly from Credo Technology Group Holding Ltd.
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Credo Technology Group Holding Ltd’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Credo Technology Group Holding Ltd
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