TEXAS INSTRUMENTS INCORPORATED | Climate Transition Plan and GHG Reduction Goals at Texas Instruments Incorporated

AGM date
Previous AGM date
Resolution details
Company ticker
Resolution ask
Set targets or plans
ESG theme
  • Environment
ESG sub-theme
  • GHG targets / emissions
  • Net Zero / Paris aligned
Type of vote
Shareholder proposal
Filer type
Company sector
Company HQ country
United States
Resolved clause
RESOLVED: Shareholders request that Texas Instruments issue near- and long-term science-based greenhouse gas reduction targets aligned with the Paris Agreement’s ambition of limiting global temperature rise to 1.5 ºC and summarize plans to achieve them. The targets and plan should cover the Company’s full range of operational and supply chain emissions.
Whereas clause
WHEREAS: The Intergovernmental Panel on Climate Change has advised that greenhouse gas (GHG) emissions must be halved by 2030 and reach net zero by 2050 in order to limit global warming to 1.5°C and every incremental increase in temperature above 1.5°C will entail increasingly severe physical, transition, and systemic risks for companies and investors alike. Up to 10% of global economic value could be lost by 2050.1
In its 10-K, Texas Instruments (“the Company”) acknowledges that climate-related physical and transition risks may disrupt its operations, thereby impacting its financial position. However, the Company lacks long-term targets in line with Science Based Targets initiative methodologies, comprehensive Scope 3 disclosure, and Scope 3 emissions reduction targets. To date, Texas Instruments only aims to reduce Scope 1 and 2 greenhouse gas emissions by 25% by 2025.
By contrast, industry peers Advanced Micro Devices, Analog Devices, Applied Materials, Lam Research, and QUALCOMM disclose their relevant Scope 3 emissions and have set or committed to set science- based targets through the Science Based Targets initiative.
Investors increasingly seek disclosure of how companies are addressing climate risks and opportunities to position their business for success in the transition to a low carbon economy. Emissions-reduction targets and climate transition plans provide investors with valuable insight. Such plans should detail the forward-looking, near-term, and quantitative actions the company will take to achieve its sustainability goals.
Investors believe Texas Instruments must take additional action to address its climate impact and mitigate risks, including adopting 1.5°C-aligned science-based targets for its full carbon footprint and developing a climate transition plan.
Supporting statement
SUPPORTING STATEMENT: In assessing targets, we recommend:
· Development of a transition plan that shows how the Company plans to meet its goals, taking into consideration criteria used by advisory groups such as the Science Based Targets initiative; and
· Consideration of target setting for renewable energy, supply chain engagement, and other measures deemed appropriate by management.

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