RTTNews | Nov 1, 2021 07:43AM EDT

07:42 Monday, November 1, 2021 (RTTNews.com) - Wireless technology innovator Qualcomm Inc. (QCOM) announced Monday plans to achieve net-zero global emissions for Scopes 1, 2 and 3 by 2040 and committed to the Science Based Targets initiative's (SBTi) Business Ambition for 1.5C.

This builds on the Company's existing greenhouse gas (GHG) emissions reduction goal and includes interim 2030 science-based emissions reduction targets across Scopes 1, 2 and 3.

Qualcomm has set three long-term GHG reduction goals, which supplement the Company's existing 2025 GHG reduction strategy.

The company intends to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030 from 2020 base year. It will also reduce absolute Scope 3 GHG emissions by 25% by 2030 from 2020 base year and expects to reach net-zero global emissions for Scopes 1, 2 and 3 by 2040.

Qualcomm is already working towards achieving these long-term goals by purchasing 100% renewable energy for its San Diego headquarters.

The Company's strategy includes transitioning to renewable energy via long-term Power Purchase Agreements (PPAs), decarbonizing its operations and using a minimal amount of Renewable Energy Credits (RECs) and carbon offsets for residual emissions.

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