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 54 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 emissions breakdown includes 2,757,000 kg CO2e from Scope 1, 15,068,000 kg CO2e from Scope 2, and 1,779,000 kg CO2e from Scope 3. This demonstrates a commitment to reducing greenhouse gas emissions across its operations. IQE has set ambitious climate targets, aiming for a 42% reduction in absolute Scope 1 and 2 emissions by 2030, using 2021 as the baseline year. Additionally, the company plans to reduce Scope 3 emissions from fuel- and energy-related activities by 55% by 2030. Long-term goals include achieving a 90% reduction in both Scope 1 and 2 emissions and Scope 3 emissions from various categories by 2050. Furthermore, IQE is committed to ensuring that 85% of its suppliers and 60% of its customers have science-based targets by 2028, reinforcing its dedication to sustainability within its value chain. Overall, IQE plc is on a path towards net-zero greenhouse gas emissions by 2050, aligning with industry standards and climate action initiatives.
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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 committed to some reduction initiatives 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.
