Net 0 Tracker

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

76.7%

Transparency

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

83.3%

Commitments

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

50.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

	Y2021	Y2020	Y2019
Scope 1	106,659	112,479	75,290
Scope 2 - location-based	264,521	NA	NA
Scope 2 - market-based	171,932	203,047	114,060
Scope 1-2 - location-based	371,180	112,479	75,290
Scope 1-2 - market-based	278,591	315,526	189,350
Scope 3	4,179,986	2,705,343	111,252
Total - location-based	4,551,166	2,817,822	186,542
Total - market-based	4,389,808	3,020,869	300,602

Note: Data sources detailed here

	Y2022	Y2021
Total CO₂e estimate (by Net0Tracker)	5,779,848	4,389,808
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

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.

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
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

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)

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

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

CDP: Data from CDP Climate Change Questionnaire - see Free SFDR data library
Yourstake: Data from YourStake.org - see Free SFDR data library
Wikirate: Data from Wikirate.org. Scope 1, Scope 2 and Scope 3 emissions metrics designed by Global Reporting Initiative and contributed by the Wikirate community, adaptation by the Net0Tracker team, licensed under CC BY 4.0. Wikirate-NV means non-verified data sourced in Wikirate. See explanation here