TSMC is a member of RE100, a global renewable energy initiative that targets net-zero carbon emissions by 2050
Taiwan Semiconductor Manufacturing Company (TSMC) is now aiming to use 100% renewable energy for its global operations by 2040, ten years ahead of its original target. Further, the company increased its target for company-wide renewable energy consumption from 40% by 2030 to 60%.
Specifically, TSMC hopes to have 25% of power at its fabrication sites and 100% at other facilities to be from renewable sources by 2030. In addition to switching to renewable energy, TSMC has set out to reduce greenhouse gas emissions per unit of by 40% by 2030, as well as stop growth in carbon emissions and begin reducing them in 2025. In April, TSMC also signed a renewable energy joint procurement contract with ARK Power.
In a statement, TSMC Chairman Mark Liu said: “TSMC has a deep understanding of its key position in the global semiconductor industry and its influence on many economies. Facing the impact of climate change on the environment and society, TSMC has set green manufacturing as the foundation of its sustainability management.”
The Taiwanese company is not the only producer of semiconductors looking to become more aggressive on climate change. Last year, Samsung Electronics updated its environmental strategy, pushing its investment in green initiatives to more than KRW7 trillion ($5 billion) by 2030.
Both companies are members of RE100, a global renewable energy initiative that targets net-zero carbon emissions by 2050.
