Landis+Gyr has committed to setting science-based targets to
further reduce carbon emissions in line with the level of
decarbonization required to meet the goals of the Paris
Agreement
CHAM, Switzerland, April 22, 2022 /PRNewswire/ -- Following
last year's announcement to become carbon neutral by 2030,
Landis+Gyr (SIX: LAND) has signed the commitment letter to join the
Science Based Target initiative (SBTi). This pledge will see the
Company set ambitious science-based targets, both near-term (in 5
to 10 years) and long-term (by 2050). These efforts follow
Landis+Gyr's purpose to manage energy better for a greener tomorrow
and are in line with the Paris Agreement, limiting global warming
to well-below 2°C above pre-industrial levels and pursue efforts to
limit warming to 1.5°C.
In 2007, Landis+Gyr started to measure and closely manage its
carbon footprint. Since then, the Company has achieved a 47%
reduction of its carbon emissions. In addition, Landis+Gyr tracks
the positive impact of its global Smart Metering base of more than
125 million connected intelligent devices on a yearly basis. In the
financial year 2021, the state-of-the-art technologies and
solutions helped avoid more than 9 million tons of CO2
emissions. The commitment to the SBTi will further drive
efforts to reduce carbon emissions within its operations (Scopes 1
and 2) and to support the decarbonization of the supply chain
(Scope 3) by setting ambitious targets and developing a roadmap to
achieve them.
"Sustainability is part of our DNA and an integral part of our
values, mission and strategy. Our commitment to the Science Based
Target initiative is the next step in our sustainability journey,"
said Werner Lieberherr, Chief
Executive Officer at Landis+Gyr. "As a leading global provider of
energy management solutions, we actively drive progress on
environmental, social and governance issues and are proud to be
part of the global efforts to decarbonize the grid."
The Science Based Targets initiative (SBTi) is a global body
enabling businesses to set ambitious emissions reductions targets
in line with the latest climate science. It is focused on
accelerating companies and financial institutions across the world
to halve emissions before 2030 and achieve net-zero emissions
before 2050. The initiative is a collaboration between CDP, the
United Nations Global Compact, World Resources Institute (WRI) and
the World Wide Fund for Nature (WWF) and one of the We Mean
Business Coalition commitments.
About Landis+Gyr
Landis+Gyr is a leading global provider of integrated energy
management solutions for the utility sector. Offering one of the
broadest portfolios, we deliver innovative and flexible solutions
to help utilities solve their complex challenges in Smart Metering,
Grid Edge Intelligence and Smart Infrastructure. With sales of
USD 1.4 billion in FY 2020,
Landis+Gyr employs around 5,000 people in over 30 countries across
five continents, with the sole mission of helping the world manage
energy better.
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Contacts:
Melissa van Anraad
Head of PR
+41 41 935 63 98
melissa.vananraad@landisgyr.com
Investor inquiries: ir@landisgyr.com
Media inquiries: pr@landisgyr.com
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SOURCE Landis+Gyr
