Rotork PLC Near-term emissions targets approved by SBTi (9496D)
25 Outubro 2022 - 5:00AM
UK Regulatory
TIDMROR
RNS Number : 9496D
Rotork PLC
25 October 2022
Rotork Plc
Near-term emissions targets approved by SBTi
25 October 2022
Rotork is pleased to announce that the Science Based Targets
initiative(1) ("SBTi") has validated that the corporate greenhouse
gas emissions reduction targets submitted the group have been
deemed to be in conformance with the SBTi Criteria and
Recommendations (version 5).
Rotork commits:
-- to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2020 base year.
-- to reduce absolute scope 3 GHG emissions from use of sold
products 25% by 2030 from a 2020 base year.
-- that 25% of its suppliers by emissions covering purchased
goods and services will have science-based targets by 2027.
Rotork is committed to enabling a sustainable future and in
early 2022 we pledged to significant greenhouse gas emissions cuts,
in-line with those required to meet the Paris Climate Agreement
goals. In addition to our approved near-term emissions reduction
targets, we are also targeting net-zero by 2035 for scopes 1 &
2 and 2045 for scope 3.
Commenting on the validation, Kiet Huynh, CEO said:
"We are extremely pleased that the SBTi has approved our
near-term greenhouse gas emissions reduction targets. Rotork is one
of the first UK-based companies in the electrical equipment and
machinery sector to receive this approval for near-term 1.5(o) C
aligned targets. For everyone at Rotork, environmental
responsibility is an important commitment, and this approval
validates our approach. As we strive to eliminate our emissions, we
also have a broader role to play in enabling the transition to a
sustainable, low carbon, future. Our products and services are used
in many of the flow-intensive new energy technologies that will
help deliver a decarbonised economy and enable our customers to
reduce their emissions and achieve their environmental goals."
Enquiries:
Rotork plc Tel: +44 (0)1225 733 200
Andrew Carter, Investor Relations
Director
FTI Consulting Tel: + 44 (0)20 3727 1340
Nick Hasell / Susanne Yule
(1) Originating from a collaboration between CDP, the UN Global
Compact, the World Resource Institute (WRI), and the World Wildlife
Fund (WWF), and one of the commitments of the We Mean Business
coalition, the Science Based Targets initiative defines and
promotes best practices in science-based target setting and
independently evaluates and approves corporate targets to
accelerate the transition to a low-carbon economy. For more
information please visit www.sciencebasedtargets.org.
About Rotork
Rotork is a market-leading global provider of mission-critical
intelligent flow control solutions for oil & gas, water and
wastewater, power, chemical, process and industrial applications.
We help customers around the world to improve efficiency, reduce
emissions, minimise their environmental impact and assure safety.
Rotork employs about 3,200 people, has manufacturing facilities in
17 locations and serves 170 countries through a global service
network. Its shares have a premium listing on the London Stock
Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.
For more information please visit www.rotork.com .
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END
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