Infineon Technologies is a German semiconductor company that specializes in App Specific Analog products. The company was founded in 1999 and is headquartered in Neubiberg, Germany. Infineon Technologies is a global leader in the semiconductor industry, providing products and solutions to a wide range of industries, including automotive, industrial, and consumer electronics.
As a company, Infineon Technologies is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions and increase its use of renewable energy. Infineon Technologies is also committed to promoting sustainable practices throughout its supply chain and collaborating with its customers to develop sustainable solutions.
One of the key ways that Infineon Technologies is working towards decarbonisation is through its corporate energy strategy. The company has set a target to reduce its greenhouse gas emissions by 70% by 2025, compared to its 2019 baseline. To achieve this target, Infineon Technologies is implementing a range of energy efficiency measures, such as optimizing its production processes and upgrading its buildings and infrastructure.
In addition to energy efficiency measures, Infineon Technologies is also investing in renewable energy. The company has set a target to source 100% of its electricity from renewable sources by 2025. To achieve this target, Infineon Technologies is investing in renewable energy projects, such as wind and solar farms, and is also exploring the use of corporate power purchase agreements (PPAs).
Corporate PPAs are a key tool for companies looking to increase their use of renewable energy. A corporate PPA is a long-term contract between a company and a renewable energy provider, where the company agrees to purchase a set amount of renewable energy at a fixed price over a specified period. Corporate PPAs provide a stable and predictable source of renewable energy, which can help companies to achieve their sustainability goals and reduce their carbon footprint.
Infineon Technologies has already signed several corporate PPAs, including a 10-year agreement with a wind farm in Texas, which will provide the company with 100 MW of renewable energy. The company has also signed a PPA with a solar farm in Malaysia, which will provide 60 MW of renewable energy.
In addition to its corporate energy strategy, Infineon Technologies is also committed to promoting sustainable practices throughout its supply chain. The company works closely with its suppliers to ensure that they meet its sustainability standards and has developed a supplier code of conduct, which sets out its expectations for ethical and sustainable practices.
Infineon Technologies is also collaborating with its customers to develop sustainable solutions. The company works with a wide range of industries, including automotive, industrial, and consumer electronics, to develop products and solutions that are energy-efficient and environmentally friendly. For example, Infineon Technologies has developed a range of power semiconductors that are designed to improve the efficiency of electric vehicles and reduce their carbon footprint.
Overall, Infineon Technologies is a company that is committed to decarbonisation and promoting sustainable practices. The company's corporate energy strategy, use of corporate PPAs, and collaboration with its suppliers and customers are all key components of its sustainability efforts. As the world continues to transition towards a low-carbon economy, companies like Infineon Technologies will play an important role in driving decarbonisation and promoting sustainable practices.