Tokyo Electron Limited (TEL) is a leading global supplier of semiconductor production equipment, headquartered in Tokyo, Japan. The company operates in the Front End Capital Equipment sector, providing advanced technology solutions for the manufacturing of semiconductors, flat panel displays, and photovoltaic cells. TEL is committed to sustainability and has taken several measures to reduce its carbon footprint and promote the use of renewable energy.
Decarbonisation is a key focus area for TEL, and the company has set ambitious targets to reduce its greenhouse gas emissions. TEL aims to achieve net-zero emissions by 2050 and has developed a long-term strategy to achieve this goal. The strategy includes measures such as energy efficiency improvements, renewable energy adoption, and decarbonisation of its supply chain.
Corporate energy is another important aspect of TEL's sustainability efforts. The company has implemented several initiatives to reduce its energy consumption and increase the use of renewable energy sources. TEL has installed solar panels at its manufacturing facilities in Japan, which generate clean energy and reduce the company's reliance on fossil fuels. In addition, TEL has implemented energy-saving measures such as LED lighting, efficient air conditioning systems, and building insulation.
Corporate power purchase agreements (PPAs) are an important tool for TEL to achieve its renewable energy goals. PPAs are contracts between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price over a specified period. TEL has signed several PPAs with renewable energy providers in Japan and other countries, which have enabled the company to increase its use of renewable energy and reduce its carbon footprint.
Renewable energy is a key focus area for TEL, and the company has set a target to achieve 50% renewable energy usage by 2030. TEL has already made significant progress towards this target, with renewable energy accounting for 22% of its total energy usage in 2020. The company has also set a target to install 100 MW of solar power capacity by 2030, which will further increase its use of renewable energy.
In addition to its sustainability efforts, TEL is also committed to innovation and technology development. The company invests heavily in research and development, with a focus on developing advanced technology solutions for the semiconductor industry. TEL's products and services are used by some of the world's leading semiconductor manufacturers, and the company has a strong reputation for quality and reliability.
Overall, Tokyo Electron Limited is a leading player in the Front End Capital Equipment sector, with a strong focus on sustainability and innovation. The company's commitment to decarbonisation, corporate energy, corporate PPAs, and renewable energy has enabled it to reduce its carbon footprint and increase its use of clean energy sources. TEL's focus on technology development and innovation has also enabled it to stay ahead of the curve in the highly competitive semiconductor industry.