Iqe Sustainability Profile
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 82 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Iqe's reported carbon emissions
In 2024, IQE plc reported total carbon emissions of approximately 19,154,000 kg CO2e, with Scope 1 emissions at about 3,455,000 kg CO2e, Scope 2 emissions at approximately 14,328,000 kg CO2e, and Scope 3 emissions from upstream transportation and distribution at around 519,000 kg CO2e. This represents a decrease from 2023, where total emissions were about 19,604,000 kg CO2e, with Scope 1 at approximately 2,757,000 kg CO2e, Scope 2 at about 15,068,000 kg CO2e, and Scope 3 at around 968,000 kg CO2e. IQE has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 42% by 2030 from a 2021 baseline. Additionally, IQE aims to ensure that 85% of its suppliers and 60% of its customers have science-based targets by 2028. For Scope 3 emissions, the company commits to a 55% reduction from fuel- and energy-related activities by 2030, with a long-term goal of a 90% reduction across all scopes by 2050. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect IQE's commitment to sustainable practices within the semiconductor industry.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 3,689,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 20,084,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 661,000 | 0,000,000 | 000,000 | 000,000 |
How Carbon Intensive is Iqe's Industry?
How Carbon Intensive is Iqe's Location?
Iqe's Scope 3 Categories Breakdown
Iqe's Scope 3 emissions, which decreased by 46% last year and decreased by approximately 21% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 3% of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Iqe's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Iqe has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Iqe's sustainability data and climate commitments