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OrganisationsCredo Technology Group Holding Ltd
Credo Technology Group Holding Ltd logo

Credo Technology Group Holding Ltd

Communication Equipment ManufacturingCayman Islands
Last verified 9 months agocredosemi.com

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.

20
DitchCarbon score

-15 vs industry average

Credo Technology Group Holding Ltd’s score of 20 is lower than 29% 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

Low

Communication Equipment Manufacturing has below-average carbon intensity

Industry performance

0.094
20192025

The Communication Equipment Manufacturing industry has reduced its overall emissions by 24% since 2019

Emissions trajectory 2020 – 2027

0.0M0.0M0M000.0K0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Credo Technology Group Holding Ltd's reported carbon emissions

Credo Technology Group Holding Ltd (HQ: KY) has reported emissions for 2024 and 2023. In 2024, the company’s Scope 1 emissions were approximately 98,000 kg CO2e and Scope 2 emissions were approximately 1,088,000 kg CO2e, bringing a combined total for these scopes to approximately 1,187,000 kg CO2e. For 2023, Credo Technology Group Holding Ltd reported combined Scope 1 and 2 emissions of approximately 1,488,000 kg CO2e. Scope 3 emissions data for these years is not yet available. Credo Technology Group Holding Ltd has established several reduction targets. For Scope 1 emissions, the company aims for a 50.0% reduction by 2030, starting from a baseline in 2023. Credo has also set an intensity target for Scope 2 emissions, aiming for a 50.0% reduction by 2025, compared to 2021. Furthermore, the company is contributing to San Jose's carbon neutrality goal by 2030, which is related to Scope 2 emissions. In 2023, indirect emissions from purchased electricity (Scope 2) totalled approximately 1,235,000 kg CO2e, and direct emissions from stationary fuel usage (Scope 1) were around 93,000 kg CO2e. The company is also focused on reducing power consumption for its Credo AECs, targeting a 50% reduction by 2025.

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Credo Technology Group Holding Ltd’s Climate Goals (2030 & 2050)

5 goals

2030

50% reduction in Scope 1

Credo’s direct emissions are primarily attributed to stationary fuel usage across its offices, contributing approximately 93 metric tons of…

Insufficient data50%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Emissions comparison with industry peers

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CompanyCountryIndustryLast updatedScoreDetails
Credo Technology Group Holding Ltd logoCredo Technology Group Holding Ltd
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9 months ago
20
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