Climate Change Data

Semtech Corporation

Climate Impact & Sustainability Data (FY2024)

Reporting Period: FY2024

Environmental Metrics

Total Carbon Emissions:15,226 tCO2e (Scope 1 & 2 combined)
Scope 1 Emissions:1,725 tCO2e
Scope 2 Emissions:13,506 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:~18% (across owned operations)
Total Energy Consumption:11,169 MWh
Water Consumption:48,900 m³
Waste Generated:33 tons (Non-hazardous and hazardous combined)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Products for social and environmental good
  • Build a sustainable supply chain
  • Reduce our operating impact on the environment
  • Develop a thriving workplace

Environmental Achievements

  • ISO 14001:2018 certification at three locations (Camarillo, CA; Colorado Springs, CO (Elkton Site); Colorado Springs, CO (Federal Site))
  • Data centers hosting IT services use 100% renewable energy.
  • Recycles freshwater at Colorado Springs (Elkton) assembly and test facility.

Social Achievements

  • 83% of employees rated their managers favorably on key behaviors including caring about their well-being.
  • Launched a new channel for employee involvement and inclusiveness called Talent Council.
  • Employee giving campaign raised ~$35,000 for various non-profits.

Governance Achievements

  • All board members, except the President and CEO, are independent directors.
  • All members of the Audit Committee are independent directors and qualify as audit committee financial experts.
  • Established an ESG Steering Committee.

Climate Goals & Targets

Long-term Goals:
  • Carbon neutral by 2035.
Medium-term Goals:
  • Reduce Scope 2 emissions by 90% by 2029
  • Set a water reduction/recycling target for Semtech-owned facilities.
Short-term Goals:
  • Reduce Scope 2 emissions by 90% by 2029 by offsetting emissions using RECs at a rate of 15% annually starting in 2024.
  • Conduct lifecycle assessments to understand the carbon footprint of products.

Environmental Challenges

  • Tight timelines for CSRD compliance.
  • Data availability challenges.
  • Technological investments needed.
  • Market impacts from inflation, regional conflict, and recession threats.
Mitigation Strategies
  • Developing approaches to energy management, climate change, and water risk informed by UN SDGs, GRI, and SASB.
  • Working with landlords of leased facilities to encourage sustainable practices.
  • Implementing environmental leasehold improvements (LED lighting, recycling).
  • Collaborating with component suppliers and contract manufacturers to improve processes.

Supply Chain Management

Supplier Audits: Annual audits of supplier adherence to social regulatory standards

Responsible Procurement
  • RBA Code of Conduct
  • Supplier Code of Conduct
  • ISO 45001:2018 and ISO 14001:2015 certifications for Contract Manufacturers

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, UN SDGs, RBA Code of Conduct

Certifications: ISO 14001:2018, ISO 9001:2015, ISO 27001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 8 (Decent Work and Economic Growth)
  • SDG 10 (Reduced Inequalities)
  • SDG 9 (Industry, Innovation and Infrastructure)
  • SDG 11 (Sustainable Cities and Communities)
  • SDG 12 (Responsible Consumption and Production)
  • SDG 13 (Climate Action)

Semtech's products and operations contribute to these goals through various initiatives described in the report.

Sustainable Products & Innovation

  • LoRa technology for low-power IoT applications.
  • BlueRiver technology for energy-efficient AV signal distribution.

Awards & Recognition

  • Not disclosed