Parade Technologies Sustainability Profile
Parade Technologies, a leading provider of high-performance semiconductor solutions, is headquartered in Kentucky (KY) and operates extensively across Asia and North America. Founded in 2005, the company has established itself in the semiconductor industry, focusing on advanced display driver ICs and power management solutions. Parade Technologies is renowned for its innovative products, including DisplayPort and HDMI interface solutions, which are designed to enhance visual performance in consumer electronics. The company’s commitment to quality and cutting-edge technology has positioned it as a key player in the market, serving major clients in the electronics sector. With a strong emphasis on research and development, Parade Technologies continues to achieve significant milestones, solidifying its reputation as a trusted partner in the semiconductor landscape.
DitchCarbon Score
How does Parade Technologies'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
Parade Technologies's score of 28 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Parade Technologies's reported carbon emissions
In 2023, Parade Technologies reported total carbon emissions of approximately 3,410,000 kg CO2e, with Scope 1 emissions at about 119,000 kg CO2e and Scope 2 emissions at around 3,291,000 kg CO2e. This represents a slight decrease from 2022, when total emissions were approximately 3,564,000 kg CO2e, with Scope 1 at about 128,000 kg CO2e and Scope 2 at around 3,435,000 kg CO2e. The company has consistently disclosed emissions data for Scope 1 and Scope 2 over the past few years, with 2021 emissions recorded at approximately 3,325,000 kg CO2e and 2020 emissions at about 3,055,000 kg CO2e. Despite these figures, Parade Technologies has not set specific reduction targets or initiatives as part of their climate commitments. The absence of Scope 3 emissions data indicates a potential area for future focus. The company’s emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely reflective of Parade Technologies, Ltd. Overall, while Parade Technologies has shown a trend of decreasing emissions, the lack of formal reduction targets suggests an opportunity for enhanced climate action in the future.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 116,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 2,939,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Parade Technologies's Industry?
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Parade Technologies'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.
Parade Technologies has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
