NXP Semiconductors is a Dutch multinational semiconductor manufacturer that operates in the semiconductor devices sector. The company was founded in 1953 and has its headquarters in Eindhoven, Netherlands. NXP Semiconductors is a global leader in the design and production of high-performance mixed-signal electronics, with a focus on automotive, industrial, and Internet of Things (IoT) applications.
NXP Semiconductors is committed to decarbonisation and reducing its carbon footprint. The company has set a target to reduce its carbon emissions by 50% by 2025, compared to its 2018 baseline. To achieve this target, NXP Semiconductors is implementing a range of measures, including increasing the use of renewable energy, improving energy efficiency, and reducing waste.
One of the key initiatives that NXP Semiconductors is implementing to reduce its carbon footprint is the use of renewable energy. The company has set a target to source 100% of its electricity from renewable sources by 2025. To achieve this target, NXP Semiconductors is investing in renewable energy projects, such as wind and solar power, and is also exploring the use of corporate power purchase agreements (PPAs).
Corporate PPAs are agreements between a company and a renewable energy supplier, where the company agrees to purchase a certain amount of renewable energy at a fixed price over a set period of time. This allows the company to secure a stable and predictable source of renewable energy, while also supporting the development of new renewable energy projects.
NXP Semiconductors has already signed several corporate PPAs, including a 15-year agreement with Eneco for the supply of renewable energy from a new wind farm in the Netherlands. The wind farm will generate enough renewable energy to power all of NXP Semiconductors' Dutch operations, and will help the company to achieve its target of sourcing 100% of its electricity from renewable sources.
In addition to using renewable energy, NXP Semiconductors is also improving its energy efficiency and reducing waste. The company has implemented a range of measures to reduce its energy consumption, including the use of energy-efficient lighting and heating systems, and the installation of solar panels on its buildings. NXP Semiconductors is also working to reduce waste by implementing recycling programs and reducing the use of single-use plastics.
NXP Semiconductors is also committed to corporate energy management, which involves the monitoring and management of energy consumption and emissions across all of its operations. The company has implemented a range of energy management systems and tools to help it track and manage its energy use, and is also working to improve the energy efficiency of its products.
Overall, NXP Semiconductors is a leader in the semiconductor devices sector, with a strong commitment to decarbonisation and reducing its carbon footprint. The company is investing in renewable energy projects and exploring the use of corporate PPAs to help it achieve its target of sourcing 100% of its electricity from renewable sources. NXP Semiconductors is also improving its energy efficiency and reducing waste, and is committed to corporate energy management to ensure that it continues to reduce its carbon emissions and contribute to a more sustainable future.