Corning Inc is a leading American multinational corporation that operates in the Fiber Optic Telecom Equipment sector. The company is headquartered in Corning, New York, and has a global presence with operations in over 20 countries. Corning Inc is a pioneer in the development and manufacturing of advanced materials and specialty glass products that are used in various industries, including telecommunications, display technologies, automotive, and life sciences.
The company's commitment to sustainability is evident in its efforts to decarbonize its operations and reduce its carbon footprint. Corning Inc has set ambitious targets to reduce its greenhouse gas emissions by 30% by 2030 and achieve net-zero emissions by 2050. The company has also pledged to use 100% renewable electricity by 2025 and has made significant investments in renewable energy sources such as wind and solar.
One of the key initiatives that Corning Inc has undertaken to achieve its sustainability goals is corporate energy procurement through Power Purchase Agreements (PPAs). PPAs enable companies to purchase renewable energy directly from generators, thus reducing their reliance on fossil fuels and supporting the growth of renewable energy infrastructure. Corning Inc has signed several corporate PPAs with renewable energy providers, including a 15-year agreement with Duke Energy Renewables for a 62.5 MW solar project in North Carolina.
In addition to corporate PPAs, Corning Inc has also implemented several energy efficiency measures in its operations to reduce its energy consumption and lower its carbon footprint. The company has invested in energy-efficient lighting, HVAC systems, and manufacturing processes, resulting in significant energy savings and cost reductions. Corning Inc has also implemented a comprehensive energy management system that monitors and optimizes its energy use in real-time, further improving its energy efficiency.
Corning Inc's commitment to sustainability extends beyond its own operations, as the company is also actively involved in promoting sustainable practices across its supply chain. The company has established a Supplier Sustainability Program that aims to ensure that its suppliers adhere to strict environmental and social sustainability standards. Corning Inc works closely with its suppliers to identify areas where sustainability improvements can be made and provides support and resources to help them implement sustainable practices.
Overall, Corning Inc's commitment to sustainability is evident in its efforts to decarbonize its operations, reduce its carbon footprint, and promote sustainable practices across its supply chain. The company's use of corporate PPAs and renewable energy sources, along with its investment in energy efficiency measures, demonstrates its commitment to reducing its reliance on fossil fuels and supporting the growth of renewable energy infrastructure. As a leading player in the Fiber Optic Telecom Equipment sector, Corning Inc's sustainability initiatives set an example for other companies in the industry to follow.