Veeco
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 35 is higher than 81% 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 2023, Veeco reported total carbon emissions of approximately 18,037,000 kg CO2e, comprising 1,803,000 kg CO2e from Scope 1, 7,517,000 kg CO2e from Scope 2 (market-based), and 13,437,000 kg CO2e from Scope 3, specifically from business travel. This marked a significant increase in emissions compared to previous years, particularly in Scope 3 emissions, which rose from about 6,500,000 kg CO2e in 2022. In 2022, Veeco's total emissions were approximately 10,472,000 kg CO2e, with Scope 1 emissions at 2,339,000 kg CO2e and Scope 2 emissions at 8,132,000 kg CO2e (market-based). The company has consistently disclosed emissions across all three scopes, demonstrating transparency in its reporting. Despite the increase in emissions, Veeco has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to monitor its emissions and has reported a focus on improving its operational efficiency and sustainability practices. Overall, Veeco's emissions data reflects the challenges faced in reducing carbon footprints, particularly in Scope 3 emissions, which often represent a significant portion of total emissions for many companies in the technology sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,155,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 10,623,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 7,029,000 | 0,000,000 | 0,000 | 0,000 | 00,000,000 |
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.
Veeco is not participating in any of the initiatives that 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.
