Business
SBTi validates commitment to emission reduction
SBTi validates commitment to emission reduction.
About this update from Rws Holdings Plc
[{"type":"text","content":"\n\nFor immediate release 18 June 2024\n \n \nRWS Holdings plc\nScience Based Targets initiative validates RWS's commitment to reduce carbon emissions \n \nAchievement signifies milestone in RWS's sustainability journey\n \nRWS Holdings plc (\"RWS\"), a unique, world-leading provider of technology-enabled language, content and intellectual property solutions, announces that its near-term science-based emissions reduction target has been approved by the Science Based Targets initiative (SBTi). The approval is a key milestone in RWS's sustainability journey.\n \nIn 2022 RWS took measures to enhance the accuracy of its carbon footprint by improving data collection and greenhouse gas (GHG) emissions to include both its operations and supply chain and has now committed to setting carbon reduction targets which are aligned with the SBTi.\n \nThe SBTi is a corporate climate action organisation that enables companies and financial institutions worldwide to play their part in combatting the climate crisis. Its standards and tools allow companies to set targets for the reduction of GHG emissions.\n \nIn February 2024 RWS submitted two GHG inventories for review by the SBTi Target Validation Team. The SBTi Target Validation team classified RWS's scope 1 and 2 target ambition and has determined that it is in line with the 1.5°C trajectory (i.e. it is aligned with a rate of decarbonisation that is consistent with keeping global temperature increases to 1.5°C compared to pre-industrial temperatures). SBTi also notes in its report that RWS has chosen to report on its emissions beyond the minimum disclosure requirement.\n \nNear-term Targets\n· RWS commits to reduce its scope 1 and 2 GHG emissions by 54.6% by the end of its financial year ending 30 September 2033 (FY33) from a F...