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.
-13 vs industry average
Credo Technology Group Holding Ltd’s score of 22 is lower than 35% 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, reported approximately 1.19 million kg CO2e for Scope 1 and 2 emissions in 2024. For 2023, the company reported approximately 1.49 million kg CO2e for combined Scope 1 and 2 emissions.
Credo has established near-term reduction targets. The company aims for a 50% reduction in Scope 1 emissions by 2030, with 2023 as the baseline year. For Scope 2 emissions, Credo also targets a 50% reduction by 2030. Additionally, Credo is committed to supporting the city of San Jose's carbon neutrality goal by 2030. The company's direct emissions in 2023 were approximately 93,000 kg CO2e, primarily from stationary fuel usage. Indirect emissions from purchased electricity were approximately 1.24 million kg CO2e in 2023. Credo's technology also aims for an average 50% reduction in power consumption compared to competing solutions, with a target for 2025.
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Credo Technology Group Holding Ltd’s Climate Goals (2030 & 2050)
5 goals2030
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…
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.
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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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Credo Technology Group Holding Ltd
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