By Maitane Sardon

 

STMicroelectronics NV said Monday that it has partnered with Schneider Electric SE to work on reaching carbon neutrality by 2027.

The European chip maker said it will work with the French energy-management company to reduce the power it uses in its manufacturing and design sites, develop a strategy around sourcing renewable energy across all of its locations and implement programs for carbon avoidance and removal.

Under the new agreement, the companies will develop additional joint products, technologies and solutions focused on energy-efficiency improvement, it added.

The company pledged last week to become carbon neutral by 2027. It aims to halve its direct and indirect greenhouse-gas emissions compared to 2018 and to only source renewable energy to power its operations by 2027.

 

Write to Maitane Sardon at maitane.sardon@wsj.com

 

(END) Dow Jones Newswires

December 14, 2020 10:45 ET (15:45 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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