Nordic Semiconductor

Nordic Semiconductor's reported carbon emissions

Nordic Semiconductor's carbon emissions reporting shows a significant increase in total emissions from 2022 to 2024, alongside a decrease in revenue during the same period. For the reporting year 2024, Nordic Semiconductor reported total emissions of approximately 95.9 million kg CO2e. This comprised approximately 41,000 kg CO2e for Scope 1 and 2 emissions and approximately 95.8 million kg CO2e for Scope 3 emissions. The largest contributors within Scope 3 were purchased goods and services (approximately 84.2 million kg CO2e) and capital goods (approximately 5.18 million kg CO2e). In 2023, the company reported total emissions of approximately 73.5 million kg CO2e, with Scope 3 emissions accounting for approximately 73.3 million kg CO2e. This was a decrease from 2022, when total emissions were approximately 90.7 million kg CO2e, with Scope 3 emissions contributing approximately 90.3 million kg CO2e. Nordic Semiconductor has set ambitious climate targets, pledging to cut absolute greenhouse gas (GHG) emissions across Scopes 1 and 2 by 60% and Scope 3 emission intensity by 60% by 2030, using 2019 as the base year. The company is also aiming for net-zero emissions by 2050. These targets have been recognised by the Science Based Targets initiative (SBTi) as consistent with limiting warming to 1.5°C. Data indicates that Nordic Semiconductor is on track for its near-term Scope 2 reduction target.