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Amkor Technology Submits Net Zero Goal to Science Based Targets initiative (SBTi)

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Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, announced today that it has committed to achieving net zero greenhouse gas emissions by 2050. The net zero goal aligns with the rigorous standards set by the Science Based Targets initiative (SBTi), which aims to limit global temperature rise to 1.5°C.

To achieve the net zero goal by 2050, Amkor has established near-term targets:

  • Reduce absolute Scope 1 and 2 GHG emissions by 55% by 2033 in its operations
  • Suppliers in its value chain, covering 67% of Scope 3 emissions, will have science-based targets by 2028

These targets have been submitted to the SBTi for validation today.

“Setting a net zero goal aligned with SBTi is a significant step forward in our sustainability journey. It underscores our commitment to decarbonization, a priority echoed by our stakeholders, including customers, investors, and employees,” said Giel Rutten, Amkor’s president and chief executive officer. “We expect the key initiatives in achieving this goal include transitioning our energy consumption to renewable energy sources and collaborating with suppliers to reduce the carbon footprint in our supply chain.”

Amkor has a long-standing commitment to sustainable business practices, which are firmly embedded in its core values of Reliability and Trust. Over the past decade, since setting the initial emissions reduction target in 2013, Amkor has been steadily reducing its greenhouse gas emissions by implementing initiatives to improve energy efficiency and increase renewable energy usage at its manufacturing facilities.

Amkor expects to regularly report progress towards the net zero goal, reinforcing its commitment to transparency and environmental stewardship. By establishing a net zero goal aligned with SBTi, Amkor aims to contribute to a more sustainable future by advancing decarbonization efforts.

To learn more about Amkor’s ESG initiatives, please visit amkor.com/esg/.

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