Business
Sonos Announces Long-term Sustainability Commitment
Introduces Sonos Climate Action Plan, commits to being carbon neutral by 2030 and achieving net zero by 2040. Launches Product Sustainability Program to
About this update from Sonos, Inc.
[{"type":"text","content":"\nIntroduces Sonos Climate Action Plan, commits to being carbon neutral by 2030 and achieving net zero by 2040.\n\nLaunches Product Sustainability Program to drive down the environmental impact of its products.\n\n SANTA BARBARA, Calif.--(BUSINESS WIRE)--\nToday Sonos (Nasdaq: SONO) introduced its first Climate Action Plan as the foundation of its commitment to a more sustainable future. Implementing the plan will drive Sonos’ value chain to carbon neutrality by 2030 and to net zero by 2040. Details of the plan were released as part of Sonos’ 2021 Listen Better Report, offering an annual overview of the company’s ESG efforts.\n\n“With our Climate Action Plan, we’re entering a new phase in our commitment to environmental responsibility, stepping up our efforts across the board to reduce our impact,” said Patrick Spence, Sonos CEO. “Sonos is a company founded on innovation; we are invigorated by the challenge to innovate and create better solutions for our customers and for the planet.”\n\nComplementing a clear and measurable climate plan, Sonos also introduced a new approach to product sustainability, with an immediate goal of improving energy efficiency, given that more than three quarters of Sonos’ carbon emissions can be attributed to the energy consumed during each product’s lifecycle.\n\nTaking Action on the Climate Crisis\n\nSonos partnered with VitalMetrics to map the carbon footprint of the company's value chain - from sourcing materials and packaging, to product use and end-of-life. Based on this environmental baseline report, Sonos developed a Climate Action Plan to guide reduction of greenhouse gas emissions across the company’s areas of greatest impact - products, supply chain and distribution - as well as direct operations.\n\n“To make the changes necessary to protect our environment in the coming decades, all corporations must first understand the full impact they have on the environment. This is challenging, expansive work, and we are pleased to see Sonos stepping up,” said Sangwon Suh, chief scientist at VitalMetrics. “I hope more companies follow their lead to develop ambitious climate targets based on science and take real actions to accomplish them.”\n\nWith a primary focus on product and operational carbon reductions, supported by high-quality, verified offsets, Sonos is committed to meeting its goals through ...