Wolfspeed, Inc.

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2021, 2020, 2019, 2018, 2017

In its 2023 reporting, Wolfspeed, Inc. disclosed greenhouse gas emissions of 355.3K metric tons CO2e. By scope: Scope 1: 355.3K metric tons CO2e; Scope 2: 245.6K metric tons CO2e (location-based and market-based combined); Scope 3: 307.9M metric tons CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
355.3K metric tons CO2e
2023
⚡
Renewable Energy
8.4% (estimated based on local utilities grid mix)
of total energy
💧
Water Usage
462.6 million gallons (withdrawn)
2023
♻️
Waste
15.3 million pounds
2023
⚙️
Energy Use
593.4K MWh
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).355.3K metric tons CO2e
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.245.6K metric tons CO2e (location-based and market-based combined)
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).307.9M metric tons CO2e

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
2023355.3K metric tons CO2e
2021360.1K tCO2e/year (Scope 123)
2020280.6K tCO2e/year
2019413.3K tCO2e/year
2017210 million metric tons CO2 equivalents (product lifetime savings)

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Establish a certified Occupational Health & Safety Management System for 100% of manufacturing sites by 2025
  • Evaluate ESG risks and opportunities for 100% of suppliers by 2025
  • Increase water recycling rate by 25% by 2025
  • Achieve 85% waste diversion rate from landfills by 2025

📅 Medium-term

  • Reduce scope 1 and 2 greenhouse gas (GHG) emissions by 50% by 2030
  • Achieve >5% supply chain spend from underrepresented suppliers by 2025

🔭 Long-term

  • Achieve net zero scope 1 and 2 GHG emissions by 2050

🌱 ESG Focus Areas

Greenhouse gas emissionsWater managementWaste managementOccupational health and safetyDiversity, Equity & InclusionSupply chain sustainabilityResponsible minerals sourcing

⚠️ Challenges & Risks +

  • Increased scope 1 and 2 (market) emissions by 41% relative to base year
  • Increased scope 3 GHG emissions due to expanding operations and product mix changes
  • Increased other air emissions due to ramping up the world’s largest silicon carbide fabrication facility in Marcy, New York

📋 Report Information

Reporting Period: 2023
Frameworks: GRI, SASB, TCFD
Assurance: Trinity Consultants, Inc.