The Sustainability Report for 2024 has been published
At Okmetic, sustainability goes beyond legal compliance. It encompasses a continuous commitment to people, the environment, and ethical business practices. We are dedicated to evolving as a responsible employer and partner for our customers and stakeholders. We publish an annual sustainability report in which we describe our sustainability activities. The report for 2024 has now been published.
In 2024, the semiconductor market saw overall growth, driven largely by the AI and memory sectors. However, the semiconductor markets in which Okmetic operates remained challenging, with particular softness in the 150-200 mm wafer segments due to high inventories. In preparation for the upcoming fab expansion, SSP shipments were strong throughout 2024. However, demand for SOI and DSP wafers was softer, which was reflected in Okmetic net sales of 86 million Euro.
Despite the challenging year, we kept our sustainability promises and operations were in line with them. We focused on our mission, which is to develop and provide customers with high-quality silicon wafers that meet their requirements for efficiency, precision and reliability in their products.
Some highlights from our year 2024:
- We continued to invest in reducing our greenhouse gas emissions. We have set our goal to reduce Scope 1 and 2 emissions by 90 percent by 2030, using 2022 emissions as the baseline. In 2024, we purchased almost 50 percent of our electricity as carbon neutral, and we are well aligned with the roadmap we have defined. In 2025, we will increase the share of carbon neutral electricity to 80 percent.
- The total amount of all emissions in 2024 (Scope 1, 2 & 3) decreased 13 percent from the 2023 figures.
- We signed the commitment letter for the globally recognized Science Based Targets Initiative (SBTi) and are dedicated to setting new targets to decrease greenhouse gas emissions (GHG).
- We prepared for future sustainability reporting in accordance with the CSRD (Corporate Sustainability Reporting Directive) by conducting a double materiality assessment and thereby defining the material topics to be reported.
- We recruited new Okmetic employees to prepare for the market recovery and the commissioning of our new fab expansion in 2025.
- We continued to build a people-oriented company culture and invested in the well-being and development of our personnel.
Read Okmetic’s Sustainability Report 2024.
The report is published in English as a pdf document on our website. The next report will be published in early 2026.
