IQE plc: IQE announces commitment to Net Zero and Science Based Targets
16 Junio 2022 - 1:00AM
IQE plc: IQE announces commitment to Net Zero and Science Based
Targets
IQE plc
Cardiff, UK16 June 2022
IQE announces
commitment to Net Zero and Science Based
Targets
-
IQE to become carbon neutral across operations by 2050
-
Net Zero commitment in alignment with the Science Based Targets
initiative
-
Ongoing Board-level oversight of IQE’s ESG practices
IQE plc (AIM: IQE, "IQE" or the "Group"), the
leading supplier of compound semiconductor wafer products and
advanced material solutions to the global semiconductor industry,
is pleased to announce a formal commitment to Net Zero carbon
neutrality across its operations by 2050, in accordance with the
Science Based Targets initiative (“SBTi”).
As part of this commitment, IQE will formulate
science-based targets to reduce greenhouse gas emissions in line
with the SBTi Net Zero Standard, which seeks to limit global
warming to 1.5°C. The SBTi defines and promotes best practice in
emissions reductions and Net Zero targets in line with climate
science.
IQE and its Board remain committed to the
implementation of Environmental, Social and Governance (“ESG”) best
practice across the Group. Today’s announcement marks a significant
step for IQE’s ESG Committee following its establishment in January
2022, as it continues to build upon IQE’s strategy to deliver
sustainable growth. The Board-level group oversees the Group’s ESG
activities and performance against commitments, such as those
announced today, for the long-term benefit of all stakeholders.
Americo Lemos, Chief Executive Officer
of IQE, commented:
“We recognise the unprecedented challenge posed
by climate change and the part we all need to play in the fight
against global warming. This commitment is an important milestone
for IQE in our journey towards improving our own operations,
delivering sustainable growth and being a truly responsible
business for the benefit of all. Over and above this, we also
strongly believe that the world’s Net Zero targets will not be met
without the widespread uptake of compound semiconductors, which are
vital in enabling next generation efficient technologies, such as
those needed for the mass adoption of electric vehicles, in the
power electronics industry and smart power grids.’’
Contacts:
IQE plc+44 (0) 29 2083 9400Americo LemosTim
PullenAmy Barlow
Peel Hunt LLP (Nomad and Joint Broker)+44 (0)
20 7418 8900Edward KnightPaul GillamJames Smith
Citigroup Global Markets Limited (Joint
Broker)+44 (0) 20 7986 4000Christopher WrenPeter
Catterall
Headland Consultancy
(Financial PR)+ 44 (0) 20
38054822Andy Rivett-Carnac: +44 (0) 7968 997 365Antonia Pollock:
+44 (0) 7789 954 356
embedded PR (Non-Financial PR)Europe:
Anja-Maria HastenrathPhone: +49 89 / 64913634-1E-mail:
ah@embedded-pr.de
United States: Cynthia HoyePhone: +1 408-858-2602E-mail:
ch@embedded-pr.com
ABOUT IQE
http://iqep.com
IQE is the leading global supplier of advanced
compound semiconductor wafers and materials solutions that enable a
diverse range of applications across:
- handset devices
- global telecoms infrastructure
- connected devices
- 3D sensing
As a scaled global epitaxy wafer manufacturer, IQE is uniquely
positioned in this market which has high barriers to entry. IQE
supplies the whole market and is agnostic to the winners and losers
at chip and OEM level. By leveraging the Group’s intellectual
property portfolio including know-how and patents, it produces
epitaxy wafers of superior quality, yield and unit economics.
IQE is headquartered in Cardiff UK, with c. 685
employees across nine manufacturing locations in the UK, US, Taiwan
and Singapore, and is listed on the AIM Stock Exchange in
London.
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