By Maitane Sardon

 

Infineon Technologies AG said Thursday that it will cut its emissions by 70% by 2025 and will become carbon-neutral by 2030, as it works toward aligning with the Paris Agreement on climate change.

To achieve the targets, the German semiconductor manufacturer said it will reduce its direct emissions and its indirect emissions, which are the result of its consumption of purchased electricity or heat.

Infineon said it will expand its energy efficiency program to better manage the electricity it consumes, invest in air treatment, and will compensate for unavoidable emissions by purchasing green electricity.

"Climate change threatens the global ecosystem and so the very existence of mankind. It's an acknowledged fact that we need to act," said Infineon's chief executive Reinhard Ploss.

 

Write to Maitane Sardon at maitane.sardon@wsj.com

 

(END) Dow Jones Newswires

February 20, 2020 04:38 ET (09:38 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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