Navitas Semiconductor, industry-leader in GaN power ICs, announced
that it is the world’s first semiconductor company to achieve
CarbonNeutral®-company certification from the leading experts on
carbon-neutrality and climate finance, Natural Capital Partners.
Achieving CarbonNeutral-company certification is another milestone
towards Navitas’ mission to “Electrify Our World” and to help
Navitas’ customers achieve their own sustainability goals.
Gallium nitride (GaN) is a next-generation semiconductor
technology that runs up to 20x faster than legacy silicon and
enables up to 3x more power, 40% energy savings and 3x faster
charging in half the size and weight. Navitas’ GaNFast™ power ICs
integrate GaN power and drive plus sensing, protection and control
to deliver simple, small, fast and efficient power-conversion
performance.
Navitas is the market-leader in GaN power semiconductors with
over 50,000,000 units shipped, zero reported GaN-related
field-failures, and a 20-year warranty. Similar industry-leadership
in sustainability can be charted through a series of milestones,
backed by third-party partnerships, and verified analysis:
- May 2021: First power GaN company to commit to
the Paris Accord’s 1.5°C target, via Science-Based Targets
Initiative (SBTi)
- Aug 2021: Completed Organization Life Cycle
Assessment (LCA) with 3rd party LCA expert EarthShift Global,
quantifying Navitas Scopes 1-3 carbon impacts for all corporate and
supplier impacts in 2020
- Jan 2022: Completed ISO14040/14044-compliant
comparative Life Cycle Assessment of a GaN Power IC vs. Si
high-voltage FET and GaN-based 65W USB-C charger vs. Si-based 65W
USB-C charger, demonstrating significant carbon-savings benefits of
GaN vs. Si devices and USB-C chargers
- Jan 2022: Repeated Organization Life Cycle
Assessment (LCA) with 3rd party LCA expert EarthShift Global,
quantifying Navitas Scopes 1-3 carbon impacts for all corporate and
supplier-impacts in 2021
- Feb 2022: First power GaN company to publish a
sustainability report that comprehensively quantifies the positive
impact of GaN power semiconductors on climate change based on
global standards, verified by EarthShift Global
- May 2022: First semiconductor company to
achieve CarbonNeutral-company certification from the leading
experts on carbon-neutrality and climate finance, Natural Capital
Partners
Through extensive, 3rd party verified analysis Navitas has shown
that GaN devices currently have a 70% reduction in carbon footprint
to produce vs. Si and drive a 30%+ reduction in manufacturing and
use phase impacts for our customers. Combining GaN’s inherent
benefits with Navitas’ low carbon-footprint business-model has led
to Navitas achieving CarbonNeutral-company certification.
Navitas has quantified all Scope 1-3 emissions for the past 2
years of operations and is committed to continue annual reporting
of emissions as we work to reduce emissions intensity and pursue a
mission to replace Si devices with lower carbon-footprint GaN
solutions.
Navitas’ CarbonNeutral-company certification meets all the
requirements of Natural Capital Partners’ CarbonNeutral Protocol
and goes beyond, to include all product manufacturing and
distribution-related emissions. These emissions are compensated for
through verified emission reductions (VERs), also known as ‘carbon
offsets’. Navitas’ purchased VERs are renewable-energy projects in
rural India – in line with the mission to “Electrify Our World” and
transition from fossil fuels.
“CarbonNeutral-company certification is a major sustainability
achievement for Navitas, in parallel with significant increases in
GaN power IC production,” said Anthony Schiro Navitas VP of Quality
& Sustainability. “Natural Capital Partners’ support has been
critical, guiding us to constructive, verified company metrics and
credible offsets. Manufacturing a GaN power IC has a 4x-10x lower
CO2 footprint than for a silicon chip, and when you consider the
end use power application, the improved efficiency and reduction in
materials, size and weight of the charger, delivers a 4 kg
net-reduction in CO2 emissions for every GaN IC shipped.”
“Navitas joins a future-focused group including Microsoft,
Logitech, VMware and Sky in working with Natural Capital Partners
to source high-quality offsets that deliver on the UN’s Global
Goals for maximum impact,” said Saskia Feast, Managing Director,
Global Client Solutions at Natural Capital Partners. “All our
projects are independently validated and verified, ensuring our
clients’ climate action is robust.”
“Our customers - like Samsung, Dell, Xiaomi and Lenovo – all
have critical sustainability goals and can appreciate the huge
CO2-reduction benefits delivered by GaN power ICs vs. the old, slow
silicon chips,” said Gene Sheridan, Navitas CEO and co-founder. “In
the big picture, GaN has the potential to reduce up to 2.6 Gton /
year in CO2 emissions by 2050.”
About Natural Capital
Partners
With more than 300 clients in 34 countries, including Microsoft,
MetLife, Logitech, PwC, Sky and Ørsted, Natural Capital Partners is
harnessing the power of business to create a more sustainable
world. Through a global network of projects, the company delivers
the highest quality solutions which make real change possible:
reducing carbon emissions, generating renewable energy, building
resilience in supply chains, conserving and restoring forests and
biodiversity, and improving health and livelihoods.
Natural Capital Partners was founded in 1997 and has teams in
the US, Europe and Central America. It has been recognized as
Environmental Finance Best Offset Retailer 10 times.
The CarbonNeutral Protocol was created and is managed by Natural
Capital Partners. It was the first clear set of guidelines for
businesses to achieve carbon neutrality back in 2002, and every
year since then Natural Capital Partners has continued its
commitment to providing a robust framework for clear, transparent,
and high-quality carbon-neutral action. The Protocol is updated
annually with input from an Advisory Council of external experts to
ensure it reflects the latest industry and scientific best
practice.
About Navitas
Navitas Semiconductor (Nasdaq: NVTS) is the industry leader in
GaN power ICs, founded in 2014. GaN power ICs integrate GaN power
with drive, control, sensing and protection to enable faster
charging, higher power density and greater energy savings for
mobile, consumer, enterprise, eMobility and new energy markets.
Over 150 Navitas patents are issued or pending, and over 50 million
units have been shipped with zero reported GaN field
failures. Navitas rang the Nasdaq opening bell and
started trading on Nasdaq on October 20th, 2021.
Navitas Semiconductor, GaNFast and the Navitas
logo are trademarks or registered trademarks of Navitas
Semiconductor Limited. CarbonNeutral is a registered trademark of
Natural Capital Partners. All other brands, product names and marks
are or may be trademarks or registered trademarks used to identify
products or services of their respective owners.
Contact:
Stephen Oliver, VP Corporate Marketing & Investor
Relations
ir@navitassemi.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/bb5e66ac-310a-41a3-aa31-31e5b147726c
Navitas Semiconductor (NASDAQ:NVTSW)
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