STMicroelectronics

Semiconductors

STM.PA

€ 46 0

Share price

$ 45 bn

Market Cap

$ 43 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.6x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -9.3% weighted average for S&P 500

FY2023

STMicroelectronics aims to reduce Scope 1 + 2 by 50% by 2025 from a base year 2018

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Stronger than the -1.4% weighted average for S&P 500

FY2023

STMicroelectronics aims to achieve carbon neutrality for all Scopes by 2027

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

STMicroelectronics reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 867 Kt (-91 /-9.5% y-o-y). Also positively, carbon intensity decreased to 54 t (-21 /-28.4% y-o-y).

STMicroelectronics's Scope 3 emissions increased to 111 Kt (+21/+23% y-o-y). This is a higher growth rate than over the period since 4Q'20 (+8.9% CAGR).

The company is committed to reducing Scope 1 + 2 by 50% by 2025 from a base year 2018, which translates into the estimated reduction of -45 Kt per annum over the period of FY2023 - FY2025. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving carbon neutrality for all Scopes by 2027, which translates into the estimated reduction of -196 Kt per annum over the period of FY2023 - FY2027. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

STMicroelectronics aims to achive carbon neutrality across its entire value chain (all Scopes) in 2027. 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.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	867	507	360	111	16,128	54
2021Q4	958	484	474	90	12,761	75
2020Q4	1,055	489	567	86	10,219	103
2019Q4	1,266	560	707	143	9,556	133
2018Q4	1,464	692	772	137	9,664	152
2017Q4	1,361	605	756	132	8,347	163
2016Q4	1,291	552	739	113	6,973	185
2015Q4	1,323	575	748	135	6,897	192
2014Q4	1,404	626	778	121	7,404	190