SThree (STEM) SThree: SBTi-verified net-zero target and 2022
Impact Report 12-Apr-2023 / 07:00 GMT/BST
-----------------------------------------------------------------------------------------------------------------------
12 April 2023
SThree plc
SBTi-verified net-zero target and 2022 Impact Report
SThree to reach net zero no later than 2050
SThree plc ("SThree" or the "Group"), the only global specialist
talent partner focused on roles in Science, Technology, Engineering
and Mathematics ("STEM"), announces today its ambitious
SBTi1-verified net-zero target and transition plan, together with
the publication of its annual review of the impact of the Group's
ESG strategy.
Influencing the industry and committing to science-based
net-zero
For more than a decade, SThree has taken action to reduce its
environmental impact and has made considerable progress since
setting its first climate science aligned target, reducing its
carbon emissions by 44% since 2019.
In 2022, SThree strengthened its ambitions and completed the
process to set net-zero targets verified by SBTi. These targets
cover greenhouse gas (GHG) emissions from SThree's own operations
(scope 1 & 2) and value chains (scope 3). As a result of the
SBTi targets, SThree is now a member of the Business Ambition for
1.5°C.
Long-term net zero target:
-- SThree commits to reaching net-zero GHG emissions across the
value chain by 2050. This long-termcommitment aligns to the SBTi
net zero standard to reduce absolute scope 1, 2, and 3 GHG
emissions by 90% by 2050from a 2019 base year.
Near-term targets:
-- SThree commits to reducing absolute scope 1 and 2 GHG
emissions by 77% by 2030 from a 2019 base year;
-- SThree commits to reducing absolute scope 3 GHG emissions by
50% by 2030 from a 2019 base year; and
-- SThree commits to increasing annual sourcing of electricity
to 100% from renewables by 2030 from 28% in2019.
The Group's approach to net-zero involves planned, targeted
action that is led by data and encompasses behaviour change,
operational adaptions and influencing its end-to-end value chain.
SThree acknowledges that reducing its full value chain emissions
will take time due to the high proportion of emissions being
generated via the supply chain. As a result, scope 3 emissions will
be reduced more gradually, being halved by 2030 before the Group
continues its path to net-zero in the longer term, understanding
the urgency to take action and therefore being more ambitious with
the emissions it has more control over (scope 1 and scope 2).
2022 Impact Report
SThree has today published its 2022 Impact Report which includes
an overview of the Group's ESG activities and progress in 2022, as
well as its commitment for the future.
The success of the Group's commitments is measured against a
number of targets. These targets include:
-- Positively impacting a total of 150,000 lives by 2024 (2019
baseline);
-- Doubling the share of its global renewables business by 2024
(2019 baseline);
-- Reducing absolute carbon emissions by 25% by 2024 (2019
baseline) - strengthened by the net-zero targetannounced today;
and
-- Aspiring to increase gender representation at leadership
levels to 50/50 .
The 2022 Impact Report highlights progress against these targets
in 2022, including:
-- A total of 88,741 lives positively impacted by SThree since 1
December 2019;
-- Net fees from the global renewables business grew 29% YoY in
2022, contributing to an 88% increase since2019 (baseline
year);
-- Absolute carbon emissions were reduced by 44% in 2022 on 2019
levels, despite a return to more normalisedlevels of travel since
pandemic restrictions were lifted;
-- Stabilising carbon emissions within a more flexible working
environment remains the focus; and
-- Representation of women in leadership positions at 32%.
Detail of SThree's roadmap toward net-zero and more information
about the Group's 2022 Impact Report are available on our website:
sthree-impact-report-2022.pdf
Timo Lehne, CEO, commented:
"I am incredibly proud to see SThree continuing to take a
leading role in sustainability with the new commitments announced
today, which set to further ensure the protection of our climate.
To be able to say we are now pursuing an approved net-zero target
aligned to 1.5°C underscores the commitments and investments we
have made as part of our ESG strategy.
"Our aim is to be as transparent and ambitious as possible for
our stakeholders, and this is reflected in the fact that we are
announcing targets which are fully verified by the SBTi, alongside
a clear and comprehensive transition plan. We are now set on a path
to reaching net-zero and we look forward to providing updates on
our progress."
Gemma Branney, Global Director of Purpose and Inclusion,
commented:
"SThree plays a crucial role in providing the STEM skills that
will invent, innovate and adapt to tackle climate change. Our
commitment to net-zero mirrors our commitment to finding and
nurturing the talent needed to build a sustainable future for
everyone."
1The Science Based Targets initiative (SBTi) is a partnership
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 drives
ambitious climate action in the private sector by enabling
organisations to set science-based emissions reduction targets.
- Ends -
Enquiries:
SThree plc
Timo Lehne, CEO
Andrew Beach, CFO
via Alma
+44 20 3405 0205
Alma PR
Hilary Buchanan
Sam Modlin
SThree@almapr.co.uk
Will Ellis Hancock
Notes to editors
SThree plc brings skilled people together to build the future.
We are the only global specialist talent partner focused on roles
in Science, Technology, Engineering and Mathematics ('STEM'),
providing permanent and flexible contract talent to a diverse base
of over 8,200 clients across 14 countries. Our Group's c.3,000
staff cover the Technology, Life Sciences and Engineering sectors.
SThree is part of the Industrial Services sector. We are listed on
the Premium Segment of the London Stock Exchange's Main Market,
trading with ticker code STEM.
-----------------------------------------------------------------------------------------------------------------------
Dissemination of a Regulatory Announcement, transmitted by EQS
Group. The issuer is solely responsible for the content of this
announcement.
-----------------------------------------------------------------------------------------------------------------------
ISIN: GB00B0KM9T71
Category Code: MSCL
TIDM: STEM
LEI Code: 2138003NEBX5VRP3EX50
Sequence No.: 236097
EQS News ID: 1605165
End of Announcement EQS News Service
=------------------------------------------------------------------------------------
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1605165&application_name=news
(END) Dow Jones Newswires
April 12, 2023 02:00 ET (06:00 GMT)
Sthree (LSE:STEM)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Sthree (LSE:STEM)
Gráfica de Acción Histórica
De May 2023 a May 2024