Seagate Technology

Seagate Technology: Climate Commitments & Emissions Performance

Based in Ireland, Seagate Technology, a leader in Computer and related services, reported its 2024 global greenhouse gas emissions. The company's operations, including Scope 1 (direct emissions), Scope 2 (indirect from purchased energy), and Scope 3 (value chain emissions), contributed to its carbon footprint.

Emissions Performance: In 2024, Seagate Technology's reported Scope 1 emissions were about 274,114,000 kg CO2e. Scope 2 emissions, based on market-based calculations, were approximately 259,664,000 kg CO2e, while location-based Scope 2 emissions were around 702,420,000 kg CO2e. Significant Scope 3 emissions in 2024 included:

• Use of sold products: approximately 3,395,200,000 kg CO2e
• Purchased goods and services: approximately 727,200,000 kg CO2e
• Fuel and energy-related activities: approximately 168,700,000 kg CO2e

For comparison, in 2023, Seagate Technology reported Scope 1 emissions of approximately 279,920,000 kg CO2e. Market-based Scope 2 emissions were around 255,711,000 kg CO2e, and location-based Scope 2 emissions were about 651,054,000 kg CO2e. Key Scope 3 emissions in 2023 included:

• Use of sold products: approximately 3,400,000,000 kg CO2e
• Purchased goods and services: approximately 1,300,000,000 kg CO2e
• Fuel and energy-related activities: approximately 180,000,000 kg CO2e

Climate Commitments and Targets: Seagate Technology has committed to ambitious climate targets validated by the Science Based Targets initiative (SBTi). The company aims to reduce absolute Scope 1 and Scope 2 GHG emissions by 20% by 2025 and by 60% by 2040, using a 2017 baseline year. Similarly, Seagate Technology is committed to reducing absolute Scope 3 GHG emissions by 20% by 2025 and by 60% by 2040, also from a 2017 base year. These near-term targets are classified as consistent with reductions required to keep warming to well-below 2°C. The company has also committed to covering 100% of its electricity usage with renewables by 2030.