Targets and priorities
On the path to our long-term net-zero ambition, we set our first climate-related targets in 2022. Over time, we will develop further targets, based on our package of measures, to help us monitor the efforts and measures we have adopted to achieve net zero by 2050 at the latest.
For 2024, we have set five priorities to progress in our CO2 emission reduction activities and improve our processes in order to further increase transparency with regard to the quality of our sustainability reporting:
1. Take the next steps in our climate roadmap
- Refine the Scope 1, 2 and 3 data
- Implement pilot projects to determine the CO2 footprint of our products (the product carbon footprint, or PCF)
- Integrate the eco-design approach in research, development and production
2. Set environmental targets for the individual Comet sites
3. Improve the collection of environmental data through use of a cloud-based software solution; focus on CO2 emissions
4. Further develop the database to comply with the TCFD framework: governance, strategy, risk management, metrics and targets
5. Submit commitment to the Science-based Targets initiative (SBTi)
Integrating the eco-design approach in research, development and production
Eco-design principles are an important aspect of product development for Comet in the drive to reduce the environmental impact over the entire life cycle of the products. By implementing eco-design principles along the product value chain, we aim to improve the eco-friendliness of our products without compromising their functional properties. Measures already implemented at Group level include the reduction of process-related waste and of packaging materials, and the transition to lighter or environmentally friendly packaging. However, the implementation of measures in product design, particularly in the semiconductor industry with its long life cycles and “copy exact” specifications, requires a longer time frame for implementation.
With the eco-design approach, we not only want to improve the environmental footprint of our products. We also strive to take social and economic aspects into account by systematically integrating them into the research and development processes and throughout the whole product life cycle. To this end, we recently launched an action plan that includes training for our employees and pilot projects on eco-design approaches ro record and optimize the environmental footprint (PCF) of selected products. Gradually, the entire product range is to undergo systematic PCF analysis and eco-design is to be integrated into the development of new products within the next 12 months.