Tower Semiconductor Ltd. Sustainability Profile
Tower Semiconductor Ltd., commonly referred to as TowerJazz, is a leading global foundry headquartered in Israel (IL). Established in 1993, the company has made significant strides in the semiconductor industry, specialising in analog and mixed-signal integrated circuits. With operational facilities in the United States, Japan, and Europe, Tower Semiconductor serves a diverse range of sectors, including automotive, consumer electronics, and industrial applications. The company is renowned for its unique manufacturing processes, particularly in RF, power management, and CMOS image sensors, which set it apart from competitors. Tower Semiconductor has achieved notable milestones, including partnerships with major technology firms and a strong market position as a trusted provider of advanced semiconductor solutions. With a commitment to innovation and quality, Tower Semiconductor continues to shape the future of the semiconductor landscape.
DitchCarbon Score
How does Tower Semiconductor Ltd.'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 Communication Equipment 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
Tower Semiconductor Ltd.'s score of 40 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tower Semiconductor Ltd.'s reported carbon emissions
In 2023, Tower Semiconductor Ltd. reported total emissions of approximately 412 million kg CO2e, comprising 257 million kg CO2e from Scope 1 and 155 million kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Tower Semiconductor is committed to achieving net-zero emissions across all scopes by 2050, with this commitment recognised by the Science Based Targets initiative (SBTi). The company has set long-term targets to reduce its carbon footprint, demonstrating a proactive approach to climate action within the semiconductor industry. The emissions data reflects a significant reduction from 2022, where total emissions were approximately 475 million kg CO2e, with Scope 1 emissions at 344 million kg CO2e and Scope 2 at 131 million kg CO2e. This indicates a positive trend in emissions management and sustainability efforts. As a leader in the semiconductor sector, Tower Semiconductor's climate commitments align with industry standards and reflect a growing emphasis on environmental responsibility. The company continues to work towards its long-term sustainability goals while maintaining transparency in its emissions reporting.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 344,000,000 | 000,000,000 |
| Scope 2 | 131,000,000 | 000,000,000 |
| Scope 3 | - | - |
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Tower Semiconductor Ltd.'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.
Tower Semiconductor Ltd. 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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