Soitec
Soitec, a leading innovator in semiconductor materials, is headquartered in France and operates extensively across Europe, Asia, and North America. Founded in 1992, the company has established itself as a pioneer in the development of silicon-on-insulator (SOI) technology, which is crucial for enhancing the performance of electronic devices. Soitec's core offerings include advanced substrates for microelectronics, power electronics, and photonics, setting them apart with their unique Smart Cut™ technology. This proprietary process allows for the production of high-quality wafers that significantly improve energy efficiency and performance in various applications. With a strong market position, Soitec has achieved notable milestones, including partnerships with major semiconductor manufacturers and a commitment to sustainability in its operations. The company continues to drive innovation in the semiconductor industry, positioning itself as a key player in the global market.
DitchCarbon Score
How does Soitec'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 Furniture 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
Soitec's score of 31 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Soitec's reported carbon emissions
In 2023, Soitec reported total greenhouse gas emissions of approximately 25,483,000 kg CO2e, which includes 3,809,000 kg CO2e from Scope 1 and 21,674,000 kg CO2e from Scope 2 emissions. The company also reported significant Scope 3 emissions, totalling about 293,824,000 kg CO2e. Soitec has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 25.2% by 2026, using 2020 as the base year. Additionally, the company targets a 35.3% reduction in Scope 3 emissions per million Euros of value added within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Overall, Soitec's emissions strategy reflects a proactive approach to climate action within the semiconductor industry, focusing on substantial reductions across all scopes of emissions.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,992,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 18,506,000 | 00,000,000 | - | - |
| Scope 3 | 146,663,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Soitec 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.
