Iqe

Iqe's reported carbon emissions

Iqe, a UK-based company operating in the Electrical machinery and apparatus n.e.c. (31) sector, has established significant climate commitments, including a net-zero target by 2050. **Carbon Emissions Data (kg CO2e):** * **2024:** * Total Emissions: Approximately 19,154,000 kg CO2e * Scope 1: Approximately 3,455,000 kg CO2e * Scope 2: Approximately 14,328,000 kg CO2e * Scope 3 (Upstream transportation and distribution): Approximately 519,000 kg CO2e * **2023:** * Total Emissions: Approximately 19,604,000 kg CO2e * Scope 1: Approximately 2,757,000 kg CO2e * Scope 2: Approximately 15,068,000 kg CO2e * Scope 3 (Upstream transportation and distribution): Approximately 968,000 kg CO2e * **2022:** * Total Emissions: Approximately 22,180,000 kg CO2e * Scope 1: Approximately 3,334,000 kg CO2e * Scope 2 (location-based): Approximately 16,751,000 kg CO2e * Scope 3 (Upstream transportation and distribution): Approximately 1,083,000 kg CO2e * **2021:** * Total Emissions: Approximately 25,591,000 kg CO2e * Scope 1: Approximately 3,689,000 kg CO2e * Scope 2 (location-based): Approximately 20,084,000 kg CO2e * Scope 3 (Upstream transportation and distribution): Approximately 661,000 kg CO2e **Climate Commitments and Targets:** Iqe is committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. This overarching goal is supported by several science-based targets: * **Near-Term Targets (by 2030, from a 2021 base year):** * A 42% reduction in absolute Scope 1 and 2 GHG emissions. * A 55% reduction in absolute Scope 3 GHG emissions from fuel- and energy-related activities. * Ensuring that 85% of its suppliers, by emissions covering purchased goods and services, have science-based targets by 2028. * Ensuring that 60% of its customers, by revenue covering processing of sold products, have science-based targets by 2028. * **Long-Term Targets (by 2050, from a 2021 base year):** * A 90% reduction in absolute Scope 1 and 2 GHG emissions. * A 90% reduction in absolute Scope 3 GHG emissions from purchased goods and services, capital goods, fuel- and energy-related activities, and processing of sold products. Iqe's targets are recognised as being consistent with limiting warming to 1.5°C. The company is on track for its near-term Scope 2 reduction target and its near-term Scope 3 target. However, it is not currently on track for its near-term Scope 1 target.