In September 2020, Arm commited to achieving net zero carbon by 2030 – 20 years ahead of the 2050 target outlined in the United Nations' Paris Climate Agreement1. To achieve this, we committed to aligning with the science and cutting absolute emissions from all emissions sources (scopes) by at least 42%. For unabated emissions, we will invest in accredited carbon removal offset projects at the point of net zero. We're very pleased to announce that in 2022 we increased the ambition of our net zero target from 42% reduction to 50% reduction by 2030 versus an FY19 baseline. We will be reporting against this target for year three onwards.
Our approach encompasses:
taking a science-aligned approach to cut absolute emissions by at least 42%
empowering our employees and supply chain to make low-carbon, sustainable choices
only using carbon removal offsets to balance any residual emissions
promoting innovation in tech-based carbon removal solutions
At the end of year two, we have achieved a 90% reduction against our 42% ten-year target. This was ten times the expected progress.
COVID-19 continues to have an impact on our emissions. However, the new policies and processes we put in place during the pandemic to support continued carbon reduction are also proving to be successful as restrictions lift.
1 The Paris Agreement aims to limit global warming to <1.5°C above pre-industrial levels.
