Veeco Sustainability Profile
Veeco Instruments Inc., commonly known as Veeco, is a leading provider of advanced manufacturing equipment headquartered in the United States. Founded in 1945, the company has established a strong presence in key operational regions, including Asia and Europe, focusing on the semiconductor, LED, and data storage industries. Veeco is renowned for its innovative solutions in molecular beam epitaxy (MBE), atomic layer deposition (ALD), and other precision manufacturing technologies. These core products are distinguished by their ability to enhance performance and efficiency in high-tech applications. With a commitment to excellence, Veeco has achieved significant milestones, positioning itself as a trusted partner for global manufacturers. The company’s dedication to research and development has solidified its market position, making it a pivotal player in the advancement of next-generation technologies.
DitchCarbon Score
How does Veeco'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
Veeco's score of 32 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Veeco's reported carbon emissions
In 2024, Veeco Instruments Inc., headquartered in the US, reported total greenhouse gas emissions of approximately 29,900 kg CO2e, which includes 16,400 kg CO2e from Scope 1 and 13,500 kg CO2e from Scope 2 emissions. The company also disclosed Scope 3 emissions amounting to about 2,483,000 kg CO2e, primarily from business travel (2,121,000 kg CO2e) and employee commuting (1,456,000 kg CO2e). In 2023, Veeco's total emissions were approximately 27,700 kg CO2e in the US, with Scope 1 emissions at 13,500 kg CO2e and Scope 2 emissions at 14,200 kg CO2e. The Scope 3 emissions for the same year were around 4,479,000 kg CO2e, again largely driven by business travel. The company has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. However, it continues to monitor and report its emissions data, reflecting a commitment to transparency in its environmental impact. Overall, Veeco's emissions data indicates a focus on understanding and managing its carbon footprint, although specific reduction strategies have yet to be established.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,160,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 10,620,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000 | 00,000,000 |
How Carbon Intensive is Veeco's Industry?
How Carbon Intensive is Veeco's Location?
Veeco's Scope 3 Categories Breakdown
Veeco's Scope 3 emissions, which increased by 303% last year and increased by approximately 303% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 59% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Veeco'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.
Veeco 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.
