Greenhouse gas (GHG) emissions are one of the main causes of rising global warming and the technology and communication industry accounts for approximately 2% to 3% of worldwide greenhouse gas emissions. A substantial amount of greenhouse gases emitted by burning oil, fossil fuels, and other sources include CO2, methane, and NOx. It has become increasingly vital for major contributing industries to record greenhouse gas emissions throughout operations, as corporate GHG emissions have increased.
GHG emissions are generally classified into Scope 1, Scope 2, and Scope 3 emissions. Scope 1 emissions are direct GHG emissions that occur from sources that are owned or controlled by the company. Scope 2 (Indirect GHG emissions) accounts for GHG emissions from the purchased or acquired electricity. Scope 3 refers to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain, such as the upstream transportation and distribution, business travel and purchased goods and services.
Intel, PayPal, and Apple are large technology companies with a considerable amount of greenhouse gas emissions.
Intel is one of the major GHG emitters with a market capitalization of $152847 million. Intel’s total GHG emissions were 35.42 million tonnes CO2 equivalents (MtCO2eq) while Scope 3 emissions accounted for 31.82 MtCO2eq which is 89.83% of Intel’s total GHG emissions in 2021. To reduce GHG emissions, Intel has set a target to achieve 100% renewable electricity use across its global manufacturing operations by 2030.
PayPal is a technology platform and digital payments company with a market capitalization of $84502 million. In 2021, PayPal’s total GHG emissions were 26.90 MtCO2eq, dominated by Scope 2 emissions, accounting for 48% of its total GHG emissions. The technology company has made commitments to reach 100% renewable energy use for data centers by 2023.
Apple, one of the most valued technology companies in the world has a market capitalization of $2190664 million. Apple’s overall GHG emissions in 2021 were 24.91 MtCO2eq, with Scope 3 emissions accounting for the majority. The company aims at becoming carbon neutral across its entire operations by 2030.
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