After reporting our first carbon footprint last year, TI began working toward expanding how we collect and monitor greenhouse gas (GHG) data to include all Scope 1 and Scope 2 emissions. Given the increasing customer, public and legislative interest in these issues, we decided to expand the scope of our GHG emissions reporting in 2008 from three to all six GHGs covered by the Kyoto Protocol. We also decided to report on NF3, another GHG used in manufacturing.
In addition, we recalculated our three most recent years of emissions history using our new reporting scope. This expansion in reporting scope enables us to more accurately and transparently report our carbon footprint, which was 2.07 million metric tons carbon dioxide equivalent (MMTCO2e) in 2008.
With this data in place, our next step is to identify areas where we can continue to reduce emissions. We will consider quantifying Scope 3 emissions in the future.
TI implemented 159 energy, water and related resource use reduction projects in 2008 that not only saved us $5.1 million in utility expenses, but also prevented 32,000 tons of CO2 from entering the atmosphere.
For 2009, we have an energy reduction goal to reduce or avoid $3 million in energy expenses. TI sites globally must identify and implement conservation projects to achieve our global cost reduction goal. We will monitor projects commissioned on a quarterly basis and compare their forecasted savings against our annual goal.
We will also work to better understand CO2 emissions accounting requirements proposed by the U.S. Environmental Protection Agency in May 2009 in order to ensure compliance with any new regulations.
As a follow-up to the 1997 Kyoto Protocol, which called for participating treaty members to stabilize GHG emissions by 2012, negotiations are underway to develop a post-2012 framework for climate policy at the United Nations' Climate Change Conference in December 2009. TI will be closely monitoring the outcome of this meeting in Copenhagen, Denmark, and will consider how to incorporate their decisions into our long-term climate change strategy.
In addition, we recalculated our three most recent years of emissions history using our new reporting scope. This expansion in reporting scope enables us to more accurately and transparently report our carbon footprint, which was 2.07 million metric tons carbon dioxide equivalent (MMTCO2e) in 2008.
