In my role as Chief Sustainability Officer and in partnership with the Corporate Responsibility team, I’m thrilled to announce that Veritas has set a science-based target, positioning the company as a corporate leader of the low-carbon transition. The company has had its emissions reduction targets approved by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Agreement. Veritas targets were rated as sufficiently ambitious to be consistent with the level of decarbonization required to keep global temperature increase to 1.5°C compared to pre-industrial temperatures. The SBTi defines and promotes best practice in science-based target setting and independently assesses companies’ targets.
Veritas' reduction targets are as follows:
Veritas commits to reduce absolute scope 1 and 2 GHG emissions 25% by FY2025 from a FY2019 base year. Veritas commits to reduce absolute scope 3 GHG emissions from business travel 19% by FY2025 from a FY2019 base year. The company also commits to reduce scope 3 GHG emissions from use of sold products 17% per appliance sold by FY2025 from a FY2019 base year. And commits that 50% of its suppliers by spend covering purchased goods and services and capital goods, will have science-based targets by FY2025.
Tackling climate change requires ambitious action from the corporate sector. Veritas’ science-based target proves the company’s commitment to building a sustainable economy, by doing not what is easy, but what is necessary.
Special thank you to all Veritas employees who supported this important effort, including the employee-led sustainability program, SAVE.
Climate change is a threat to future generations but also an immense opportunity. Everyone can play an active role in the solution. Read more about Veritas’ commitment to Environmental Sustainability in Supply Chain Process and at Veritas Facilities.
Onward together on the Veritas sustainability journey! Join us on LinkedIn and Twitter, where we will continue to share our sustainability journey and results from our Earth Day 2021 campaign, planting trees in exchange for environmental pledges, that will be ongoing until April 30.
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