Business Focus
GREEN TRANSFORMATION AND SUSTAINABILITY. WHAT ARE THE ROLES OF TECH COMPANIES? BY FRANCESCO MUGGERI, VICE PRESIDENT, MARKETING AND APPLICATIONS, POWER DISCRETE AND ANALOG PRODUCTS, ASIA PACIFIC, STMICROELECTRONICS LTD.
Increasing population, indoor climate control, factory automation, and transportation have led to the fastrising energy demand. It is expected by 2030, the world’s demand for electricity will grow by more than 30% from 2021. It leads to strong concerns over carbon emission. As one of the worldleading semiconductor companies, STMicroelectronics (ST) can help, from a technology perspective, to decrease carbon emissions by shifting the current fossil energy to the new energy sources, such as solar and wind, more efficient energy conversion and smart usage of energy to reduce wastage. Up to now, this environmental issue has been mainly driven by economic leading nations. In fact, China, Europe and the US together are accounted for more than 50% of the global carbon emission. They have a clear path and a clear direction to reach carbon neutrality by 2050 and for China by 2060. Major corporations have a clear responsibility and obligation to support the sustainability of our planet. At ST, sustainability has been in our DNA for more than 25 years. We are one of the first companies to commit to the United Nations Global Compact in 2000. We are proudly committed to becoming carbon neutral by 2027. To achieve this ambitious target, we have built a comprehensive program looking at all aspects of our business and operations such as the reduction of our greenhouse gas emissions as well as the increasing usage of renewable energies in our facilities. We all strive to support reducing carbon emissions and global warming from
countries, corporations and individuals level. But how to make this happen? We can first look into the three main areas of the energy supply chain: energy production, energy transmission and storage. Nowadays, solar and wind are the most popular renewable energy sources and the improvement of technology enables efficiency and smart usage of electronic equipment. As a technology leader for semiconductors, ST has an important role in supply solutions and innovations from this perspective. We enable our customers by supplying semiconductor chips to build advanced solutions ranging from solar panels, power conversion inverters, meters, electric vehicle charging piles etc. While on the transmission and energy storage stages, the semiconductor ICs can have a great contribution to saving energy. For transportation such as electric trains, electric trucks and electric vehicles, with the improvement in the battery charging and storage and extended milages on the road with lower power consumption. Attempting to solve the issue of energy waste, we can take it from two different angles.
