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 33 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Veeco's reported carbon emissions
In 2023, Veeco reported total carbon emissions of approximately 9,320,000 kg CO2e, comprising 1,803,000 kg CO2e from Scope 1 and 7,517,000 kg CO2e from Scope 2 emissions. Additionally, Scope 3 emissions, primarily from business travel, reached about 13,437,000 kg CO2e. This reflects a significant reduction in Scope 1 emissions compared to previous years, where emissions were 2,339,000 kg CO2e in 2022 and 8,500,000 kg CO2e in 2021. Over the years, Veeco has demonstrated a commitment to reducing its carbon footprint. In 2022, the company achieved a total market-based Scope 1 and 2 emissions figure of approximately 10,472,000 kg CO2e, down from about 10,681,000 kg CO2e in 2020. The company has disclosed emissions across all three scopes, indicating a comprehensive approach to climate accountability. Despite the absence of specific reduction targets or initiatives outlined in their recent reports, Veeco's ongoing efforts to monitor and report emissions suggest a commitment to sustainability and climate responsibility. The company continues to focus on reducing its emissions intensity, as evidenced by the decreasing emissions per million dollars of revenue over the years.
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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 committed to any 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.
