Global semiconductor firm STMicroelectronics announced it aims to become carbon neutral by 2027.

It plans to comply with the 1.5 Degree Celsius scenarios defined at the Paris COP21 by 2025, which implies a 50 per cent reduction of direct and indirect emissions compared to 2018, and the sourcing of 100 per cent renewable energy by 2027.

“ST’s action plan will reduce its direct emissions of greenhouse gases mainly through investment in equipment to burn the gases remaining after manufacturing and also reduce Its overall energy consumption,” the company said in a statement.

It added the plan for a 100 per cent renewable energy sourcing target through a combination of on-site solar installations, green-power purchase agreements, and green certificates.