Senior PLC Senior achieves SBTi net-zero target designation
13 Octubre 2023 - 1:00AM
RNS Non-Regulatory
TIDMSNR
Senior PLC
13 October 2023
Senior plc achieves most ambitious net-zero target designation
available through the SBTi process
Senior plc ("Senior" or "the Group"), an international
manufacturer of high technology components and systems, today
announces that its ambitious Net Zero science-based emission
reduction targets have been validated by the Science Based Targets
initiative ("SBTi"). The validation highlights Senior's status as
the first company in the global Aerospace & Defence sector to
have its 2025 emissions reduction targets independently verified
and approved by SBTi.
Senior's verified SBTi targets, using 2018 as a base year
are:
-- Commitment to reach net-zero greenhouse gas emissions
across the value chain by 2040.
-- Near-term, commitment to reduce absolute scope 1 and 2
greenhouse gas emissions 30% by 2025, and that 82% of
suppliers by spend covering purchased goods and services
and capital goods will have science-based targets by 2025.
(2018 base year).
-- Commitment to reduce absolute scope 1,2 and 3 greenhouse
gas emissions 90% by 2040 from the same base year. (2018
base year).
SBTi's Target Validation Team assessed Senior's scope 1 and 2
near-term and long-term target ambitions and scope 3 long-term
ambition and has determined that they are in line with the Paris
agreement targets to limit global warming to a 1.5degC
trajectory.
In addition, SBTi commended Senior on the ambition of their
overall target, which is the highest designation available through
the SBTi process.
David Squires, Chief Executive of Senior said:
"Senior's purpose as a business is to help engineer the
transition to a sustainable world for the benefit of all our
stakeholders, and the validation of Senior's net-zero target by the
SBTi is testament to the hard work across the Group to take urgent
action to combat the climate crisis.
"Staying at the forefront of climate disclosure and action is a
core part of our strategy as we enable our customers, who operate
in the hardest-to-decarbonise sectors, to transition to low carbon
and clean energy solutions. In addition to our own actions, we are
encouraging action by our suppliers, underlined by our commitment
that 82% of our suppliers by spend will have science-based targets
by 2025."
About Senior
Senior is a FTSE 250 international engineering and manufacturing
Group with operations in 12 countries. It is listed on the main
market of the London Stock Exchange (symbol SNR). Senior's Purpose
is "we help engineer the transition to a sustainable world for the
benefit of all our stakeholders". Senior designs and manufactures
high technology components and systems for the principal original
equipment producers in the worldwide aerospace & defence, land
vehicle and power & energy markets. Further information on
Senior plc may be found at: www.seniorplc.com
About the Science Based Targets initiative
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 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. The SBTi defines and promotes best practice
in science-based target setting, offers resources and guidance to
reduce barriers to adoption, and independently assesses and
approves companies' targets.
www.sciencebasedtargets.org @sciencetargets
Further information
Director of Investor Relations, +44 (0)1923 714
Gulshen Patel Senior plc 722
Richard Webster-Smith +44 (0)20 7251
/ Blake Gray FGS Global 3801
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END
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