Vantiva is now increasing its goal of achieving zero greenhouse gas emissions across its value chain by 2040
Vantiva (Euronext Paris: VANTI), a global technology leader that enables network operators to connect consumers worldwide, today announced that the Science Based Targets Initiative (SBTi) has confirmed Vantiva’s science-based net zero target by 2050. SBTi has classified Vantiva’s target as being in line with the 1.5°C target for Scopes 1, 2 and 3. As a global leader in home gateways and set-top boxes, Vantiva recognizes the urgency of reducing its impact on the environment and has set a goal of achieving zero greenhouse gas emissions by 2040. Vantiva is preparing to submit its 2040 net zero targets to the SBTi for validation.
“Vantiva recognizes that the climate crisis requires immediate action. “That’s why we’re accelerating our efforts and committing to achieving net zero by 2040, now that the 2050 targets are confirmed,” said Olga Damiron, Chief People and Talent Officer, Executive Vice President of CSR and Corporate General Counsel Group. “This schedule reflects our proven performance and commitment to improving the environment and understanding the industry’s goals. We encourage our suppliers to align with climate science by committing to the science-based 1.5° Join the SBTi’s C target and also set their own net zero targets.”
- Science-based net zero targets approved by Vantivas: Overall net zero target: Vantiva is committed to zero greenhouse gas emissions across its value chain by 2050.
- Short term goal: Vantiva is committed to reducing absolute Scope 1 and 2 GHG emissions by 57% by 2027, from the base year of 2021. Vantiva is also committed to reducing GHG emissions from the use of products sold by 52% per product sold by 2030 Unit, starting from the base year 2021. In addition, Vantiva commits that 30% of its suppliers will meet science-based targets for the emissions of the goods and services they purchase by 2027.
- Long term goal: Vantiva is committed to reducing absolute Scope 1 and 2 GHG emissions by 90% by 2050, from a base year of 2021. Vantiva is also committed to reducing absolute Scope 3 GHG emissions by 90% within the same time frame.
The SBTi is a partnership between the CDP, the United Nations Global Compact (UNGC), the We Mean Business Coalition, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) that advances ambitious climate action by Allows companies to set science-based emissions reduction targets.
PDF – https://mma.prnewswire.com/media/2544976/Vantiva_2024_SBTi_Validation.pdf
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Contact:
Vantiva Press Relations
Thatcher+Co. for Vantiva
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