QUALCOMM Inc.

"QUALCOMM Inc., a company based in the USA, has set a net zero target to reach global operational greenhouse gas (GHG) emissions for Scopes 1, 2, and 3 by 2040. Net Zero Tracker
They also maintain a 2025 GHG reduction goal to reduce absolute Scope 1 and 2 GHG emissions by 30% compared to a 2014 base year. Net Zero Tracker
An interesting fact about their environmental policy is that they have signed a 10-year renewable energy agreement with Shell Energy North America, securing approximately 115,000 megawatt-hours of 100% renewable energy annually to power their headquarters, thereby reducing their Scope …"

Current Score (vs. LY)

71.3 pts (15.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #11

S&P100: #8

Information Technology: #6

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 106,659112,47975,290
Scope 2 - location-based 264,521NANA
Scope 2 - market-based 171,932203,047114,060
Scope 1-2 - location-based 371,180112,47975,290
Scope 1-2 - market-based 278,591 315,526 189,350
Scope 3 4,179,9862,705,343111,252
Total - location-based 4,551,1662,817,822186,542
Total - market-based 4,389,808 3,020,869 300,602

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 5,779,8484,389,808
Methodology Previous year intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

QUALCOMM Inc. belongs to the sector Information Technology.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 30.0 2014 2025
S3 25.0 2020 2030
S1S2S3MKT 26.2 2020 2030
S1S2MKT 50.0 2020 2030


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email



Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2040


Science-based Targets (SBTI)

Date Published / Updated :01/09/2023

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by FY2030 Targets Set : 1.5°C by FY2040 Yes by FY2040
QUALCOMM Inc. is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net Zero target
Qualcomm Incorporated commits to reach net-zero greenhouse gas emissions across the
value chain by FY2040.
Near-Term Targets
Qualcomm Incorporated commits to reduce absolute scope 1 and 2 GHG emissions 50% by FY2030 from a FY2020 base year. Qualcomm Incorporated also commits to reduce absolute scope 3 GHG emissions 25% within the same timeframe.
Long-Term Target
Qualcomm Incorporated commits to reduce absolute scope 1, 2 and 3 GHG emissions 90%
by FY2040 from a FY2020 base year.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for QUALCOMM by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: Offsets: 'a minimal amount of Renewable Energy Credits (RECs) and carbon offsets for residual emissions' (p21)

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points)
Max
(points)
Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 0.0
Transparency 23.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 3.333333333333334 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 10.0 10.0 5.0
7 Targets are science-based as validated by SBTi 10.0 10.0 7.5
Commitments 33.333333333333336 40.0 12.5
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 5.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -5.0
10 Implied Temperature Rating by MSCi 10.0 10.0 2.5
Results 15.0 30.0 2.5
Total 71.3 100.0 15.0


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 5.0 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? B 8.0 / 10.0 8.0 0.0 8.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? 2025 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2040 1.7 / 5.0 1.7 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? 2040 1.7 / 5.0 1.7 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 10.5
5.0 / 5.0 5.0 0.0 5.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? 5.5
5.0 / 5.0 0.0 5.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 2.5 7.5 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 19.1
Actual (in %): -20.8
0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 10.5
Actual (in %): 11.7
5.0 / 5.0 0.0 5.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %): 2.6
Actual (in %): -45.3
0.0 / 5.0 5.0 -5.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 5.5
Actual (in %): -45.3
0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.3°C 10.0 / 10.0 7.5 2.5 7.5
Total 71.3 / 100.0 56.3 15.0 36.0


Available Data Sources

Reporting Year 2021 2021 2021 2020 2020 2020 2020 2020 2019 2019 2019 2018 2018 2018 2018
Source NZPDU Public Yourstake Public CDP NZPDU Public Wikirate Public Public Wikirate Public CDP NZPDU Wikirate (NV)
Publication Year 2022 2022 2022 2022 2021 2021 2021 2021 2022 2021 2020 2021 2020 2020 2019
Scope 1 106,659 106,659 106,659 112,479 117,479 117,479 117,479 112,479 75,290 78,290 75,290 76,092 78,290 78,290 73,832
Scope 2 - location-based 264,521 NA NA NA 245,077 245,077 245,077 203,047 NA 0 114,060 0 135,967 135,967 120,771
Scope 2 - market-based 171,932 187,447 171,932 203,047 203,046 203,046 203,047 NA 114,060 114,060 NA 120,771 114,060 114,060 NA
Scope 1-2 - location-based 371,180 106,659 106,659 112,479 362,556 362,556 362,556 315,526 75,290 78,290 189,350 76,092 214,257 214,257 194,603
Scope 1-2 - market-based 278,591 294,106 278,591 315,526 320,525 320,525 320,526 NA 189,350 192,350 NA 196,863 192,350 192,350 NA
Scope 3 4,179,986 3,649,474 4,179,987 2,705,343 6,346,213 3,229,122 86,790 86,790 111,252 80,928 112,252 80,928 111,252 111,252 0
Total - location-based 4,551,166 3,756,133 4,286,646 2,817,822 6,708,769 3,591,678 449,346 402,316 186,542 159,218 301,602 157,020 325,509 325,509 194,603
Total - market-based 4,389,808 3,943,580 4,458,578 3,020,869 6,666,738 3,483,425 407,316 NA 300,602 273,278 NA 277,791 303,602 303,602 NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email