Iqe

In 2024, IQE's total reported carbon emissions were approximately 19,154,000 kg CO2e. This includes Scope 1 emissions of around 3,455,000 kg CO2e, Scope 2 emissions of approximately 14,328,000 kg CO2e, and Scope 3 emissions from upstream transportation and distribution totalling 519,000 kg CO2e. There are missing data points for Scope 3 purchased goods and services for this year.

IQE has established Science Based Targets initiative (SBTi) aligned climate commitments. The company is committed to achieving net-zero greenhouse gas emissions across its value chain by 2050.

For near-term targets, IQE aims to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030, using 2021 as the base year. Additionally, the company commits to reducing absolute Scope 3 GHG emissions from fuel- and energy-related activities by 55% by 2030, also from a 2021 base year. IQE also has supply chain engagement targets, committing that 85% of its suppliers by emissions covering purchased goods and services will have science-based targets by 2028, and 60% of its customers by revenue covering processing of sold products will have science-based targets by 2028.

For long-term targets, IQE is committed to reducing absolute Scope 1 and 2 GHG emissions by 90% by 2050 from a 2021 base year. They also aim to reduce absolute Scope 3 GHG emissions from purchased goods and services, capital goods, fuel- and energy-related activities, and processing of sold products by 90% within the same timeframe. These targets are categorised as being consistent with reductions required to keep global warming to 1.5°C.