Ricardo PLC Ricardo announces approved science-based targets (3585U)
02 Décembre 2021 - 9:31AM
UK Regulatory
TIDMRCDO
RNS Number : 3585U
Ricardo PLC
02 December 2021
Ricardo announces approved science-based targets as it advances
towards net zero
Ambitious carbon-reduction targets approved by the Science Based
Targets initiative
Ricardo, a world-class environmental, engineering and
strategic-consulting company, is pleased to announce that its
proposed greenhouse gas emissions reduction targets have been
approved by the Science Based Targets initative (SBTi) and that
they are in line with the goals set forth in the 2015 Paris
Agreement.
The Science Based Targets initiative (SBTi) is a collaboration
between the CDP, the United Nations Global Compact, World Resources
Institute (WRI) and the World Wide Fund for Nature (WWF).
Ricardo now joins a growing group of global businesses that have
received approval of their targets, ensuring that greenhouse gas
emissions from Ricardo's operations (scopes 1 and 2)[1] are
consistent with the reductions required to limit global warming to
1.5 C, the most ambitious goal of the Paris Agreement.
The targets, as approved by the Science Based Targets
initiative, are:
1. Ricardo commits to reduce scope 1 and 2 greenhouse gas
emissions by 46.2% by 2031 from a 2020 base year, modelled using
the Absolute Contraction approach.
2. Ricardo also commits to increase its annual sourcing of
renewable electricity to 90% by 2026.
3. In addition, Ricardo has made a commitment to reduce scope 3
greenhouse gas emissions by 27.5% by 2031 from a 2020 base
year.
Graham Ritchie, CEO of Ricardo plc, said:
"Ricardo has an important responsibility to reduce its carbon
emissions throughout its value chain. As a global environmental and
engineering consulting partner to governments and private sector
clients, we are committed to integrating our climate change
expertise into our corporate strategy and have set out ambitious
greenhouse gas reduction targets, which includes working closely
with our supply chain to tackle our scope 3 emissions. What is
more, the SBTi approval is a firm endorsement to our clients of our
commitment and know-how in applying those same insights to support
them in delivering their net zero strategies."
Sonya Bhonsle, Global Head of Value Chains & Regional
Director of Corporations at CDP, one of the Science Based Targets
initiative partners, said:
"We congratulate Ricardo for setting science-based targets
consistent with limiting warming to 1.5degC, the most ambitious
goal of the Paris Agreement. By aligning its goals with a 1.5degC
future, Ricardo will be better placed to thrive as the global
economy transitions to a zero emissions future."
-ENDS-
About Ricardo plc
Ricardo plc is a world-class environmental, engineering and
strategic consulting company listed on the London Stock Exchange.
With over 100 years of engineering excellence, we provide
exceptional levels of expertise in delivering leading edge and
innovative cross-sector sustainable products and solutions, helping
our global customers increase efficiencies, achieve growth, and
create a clear and safer future. Our mission is clear -- to create
a world fit for the future. For more information visit
www.ricardo.com
Further enquiries:
Ricardo plc Tel: 01273 455611
Natasha Perfect, Group Marketing Website: www.ricardo.com
and Communications
SEC Newgate Tel: 020 7680 6882
Elisabeth Cowell / Ian Silvera / E-mail: ricardo@secnewgate.co.uk
Isabelle Smurfit
[1] " The GHG Protocol Corporate Standard classifies a company's
GHG [greenhouse gas] emissions into three 'scopes': Scope 1
emissions: direct emissions from owned or controlled sources; Scope
2 emissions: indirect emissions from the generation of purchased
energy; Scope 3 emissions: all indirect emissions (not included in
Scope 2) that occur in the value chain of the reporting company,
including both upstream and downstream emissions." UN Global
Compact Network UK.
https://www.unglobalcompact.org.uk/scope-3-emissions/
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