Climate Transition Action Plan and Emissions Reduction Strategy for a Semiconductor Manufacturer

Abstract

According to the latest IPCC report, carbon emissions need to decrease by 50% by 2030 and reach net zero by 2050 to avoid irreversible warming caused by climate change. Following both public and investor pressure, many corporations have begun to realize their responsibility in meeting these climate goals and communicating how they plan to do so. To successfully reduce emissions, companies must identify hotspots in their business operations and continuously search for new opportunities to neutralize difficult-to-abate areas of their business. For Wolfspeed, a semiconductor manufacturer whose products are designed to maximize efficiency in power usage, this challenge is made more difficult by the surge in demand for their products. For this project, our team looks at strategies Wolfspeed can take to reduce their emissions and how they can communicate this strategy through the lens of a climate transition action plan (CTAP).