Climate change is creating many life-threatening disruptions, including extreme weather, rising sea levels, and droughts. Faced with irrefutable evidence of global warming, almost 200 countries have committed to the 2016 Paris Agreement, a treaty that calls for accelerated decarbonization. This agreement is designed to limit the mean rise in temperature to 1.5 degrees Celsius from preindustrial levels to mitigate or prevent some of the most dangerous effects of climate change.
While some semiconductor companies have created ambitious targets for reducing their emissions and remaining on a 1.5°C pathway, many others have been less ambitious. The pressure to act may soon increase, however, since businesses
across industries are now scrutinizing emissions along their entire supply chain—and in many cases, semiconductor companies will account for a substantial amount of them. Already, some of the semiconductor industry’s most important end customers, including Apple, Google, and Microsoft, have committed to reaching net-zero emissions for
their full value chain and set aggressive timelines for achieving their goals.

Read McKinsey’s insights and recommendations in this paper.