IQE’s Emission Reduction Targets Approved by SBTi

The latest update is out from IQE plc ( (GB:IQE) ).

IQE plc announced the approval of its emissions reduction targets by the Science Based Targets initiative (SBTi), marking significant progress toward its goal of achieving Net Zero across its operations by 2050. These targets, formulated in line with the SBTi Net Zero Standard, aim to limit global warming to 1.5°C and have been validated by the SBTi’s Target Validation Team. This approval underscores IQE’s commitment to ambitious emissions cuts and highlights its leadership in climate responsibility within the semiconductor industry.

More about IQE plc

IQE plc is a leading global supplier of compound semiconductor wafer products and advanced material solutions, headquartered in Cardiff, UK. The company specializes in enabling a diverse range of applications across smart connected devices, communications infrastructure, automotive and industrial sectors, as well as aerospace and security. IQE is uniquely positioned in the epitaxy wafer manufacturing market with high barriers to entry, leveraging its intellectual property portfolio to deliver high-quality wafers globally.

YTD Price Performance: -2.52%

Average Trading Volume: 3,907,812

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £106.4M

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