Wolf Speed
Wolf Speed, officially known as Wolfspeed, Inc., is a leading innovator in the semiconductor industry, headquartered in the United States. Founded in 1987, the company has established itself as a pioneer in wide bandgap semiconductor technology, particularly in silicon carbide (SiC) and gallium nitride (GaN) materials. With major operational regions across North America and Europe, Wolfspeed focuses on delivering high-performance power and radio frequency (RF) solutions. The company’s core products include SiC power devices, RF components, and materials, which are renowned for their efficiency and reliability in demanding applications. Wolfspeed's commitment to sustainability and performance has positioned it as a key player in the electric vehicle, renewable energy, and telecommunications sectors. Notable achievements include significant advancements in energy efficiency and a strong market presence, making Wolfspeed a trusted name in the semiconductor landscape.
DitchCarbon Score
How does Wolf Speed'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 Electrical Machinery 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
Wolf Speed's score of 40 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Wolf Speed's reported carbon emissions
In 2023, Wolf Speed reported total carbon emissions of approximately 355,348,000 kg CO2e for Scope 1, 113,683,000 kg CO2e for Scope 2, and a significant 307,915,772,000 kg CO2e for Scope 3 emissions. This reflects a slight decrease in Scope 1 emissions compared to 2022, where they were about 309,299,000 kg CO2e. However, Scope 3 emissions increased from approximately 300,920,068,000 kg CO2e in 2022. The company's emissions profile indicates a heavy reliance on Scope 3 emissions, which account for the vast majority of their total emissions. This includes emissions from the use of sold products, which alone contributed about 218,000,000,000 kg CO2e in 2019. Despite these figures, Wolf Speed has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction targets suggests a need for enhanced climate commitments within the industry context, particularly as companies increasingly focus on sustainability and emissions reduction strategies. Overall, while Wolf Speed's emissions data highlights their current impact on the environment, the lack of defined reduction initiatives may limit their effectiveness in addressing climate change challenges.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 146,900 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 168,500 | 000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 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.
Wolf Speed 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.
