Analog Devices

Semiconductors
ADI
$ 145 2
Share price
$ 74 bn
Market Cap
$ 77 bn
Enterprise Value

Carbon footprint

2.1 Ton
GHG emissions per $ 1 mln investment
0.05x the weighted average for S&P 500
FY2020
How is this calculated?
-1.2%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-3.3%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2021
How is this calculated?

Analog Devices aims to achieve net zero for Scope 1 + 2 by 2050


This target has not been verified as science based according to SBTi
Analog Devices's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.3%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2021
How is this calculated?

Analog Devices aims to achieve net zero for all Scopes by 2050


This target has not been verified as science based according to SBTi
Analog Devices's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Analog Devices's GHG emissions (market-based) (Kt of CO2e)
Analog Devices's Carbon intensity (Tons per 1 USDm)

Analog Devices's carbon footprint

Analog Devices reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 159 Kt (-1.9 /-1.2% y-o-y). Also positively, carbon intensity was down at 27 t (-0.8 /-2.9% y-o-y).

Analog Devices's Scope 3 emissions surged to 35,329 Kt (+35,322/+502374% y-o-y). The growth accelerated relative to the long-term trend (+1876% CAGR) observed since 4Q'18.

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -5.3 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -1,183 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Analog Devices aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Analog Devices also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Analog Devices Inc. commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year.Analog Devices Inc. also commits that 66.7% of its suppliers by spend covering purchased goods and services, will have science-based targets by 2025.

Company environmental metrics

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