Vantiva’s Commitments for Near-Term Greenhouse Gas Emissions Reductions Validated by the Science Based Targets initiative
07 Settembre 2023 - 6:02PM
Vantiva’s Commitments for Near-Term Greenhouse Gas Emissions
Reductions Validated by the Science Based Targets initiative
Press Release
Vantiva’s Commitments for Near-Term
Greenhouse Gas Emissions Reductions Validated by the Science Based
Targets initiative
Vantiva has also committed to establishing
long-term emissions reductionsin-line with reaching net-zero by
2050.The validation comes as Vantiva was awarded the Platinum Award
from EcoVadis forthe second straight year and a top 2% rating from
S&P Global in its sector.
Paris, France
– September
7, 2023 - Vantiva (Euronext
Paris: VANTI), formerly known as Technicolor, today has announced
that its near-term greenhouse gas emissions reduction targets have
been validated by the Science Based Targets initiative (SBTi). The
SBTi has determined Vantiva’s scope 1 and 2 targets are in-line
with the 1.5°C trajectory. Vantiva has pledged also to establish
long-term emissions with the SBTi in-line with reaching net-zero by
2050. This validation comes on the heels of Vantiva being awarded
the Platinum Award from EcoVadis for the second straight year,
ranking Vantiva in the top 1% of companies worldwide. The company
has also moved up in the S&P Global score, ranking in the top
2% worldwide in its category.
“This validation by the Science Based Targets
initiative is additional proof of Vantiva’s commitment to
sustainability and dedication to being environmentally conscious,”
said Olga Damiron, Chief People and Talent Officer, Executive Vice
President of CSR and Corporate General Counsel of the Group.
“Recognizing the urgent need for collective action in addressing
climate change, Vantiva has taken proactive measures to minimize
our carbon footprint and embraced the global demand for greener,
more sustainable products. Since 2008 we have incorporated
eco-design principles and methodologies into our family of
products. Additionally, at our manufacturing facility in Brazil, we
purchase 100% renewable electricity. We encourage our partners and
customers around the world to align with climate science by
committing to the SBTi.”
Vantiva has committed to reduce absolute scope 1
and 2 greenhouse gas emissions 57% by 2027 from a 2021 base year.
Vantiva also commits to reduce scope 3 greenhouse gas emissions
from use of sold products 52% per unit sold by 2030 from a 2021
base year. Vantiva further commits that 30% of suppliers by
emissions covering purchased goods and services and capital goods
will have science-based targets by 2027.
This year, Vantiva partnered with Orange Belgium
to build an eco-friendly DOCSIS 3.1 hybrid fiber coaxial (HFC)
gateway and Wi-Fi booster that were designed to reduce the carbon
footprint as they are easy to refurbish, made from 95% recycled
plastic, exclude single-use plastics and are packaged with recycled
cardboard. Additionally, Vantiva launched the Falcon 5G fixed
wireless access (FWA) customer premises equipment (CPE) that is 45%
smaller and has reduced operating power consumption by 35% compared
to current products available in the market.
The SBTi is a partnership between CDP, the
United Nations Global Compact (UNGC), World Resources Institute
(WRI) and the World Wide Fund for Nature (WWF). The SBTi call to
action is one of the We Mean Business Coalition commitments. It
drives ambitious climate action in the private sector by enabling
organizations to set science-based emissions reduction targets,
highlighting companies' competitiveness and sense of responsibility
in terms of sustainable development and ESG.
About Vantiva
Pushing the Edge
Vantiva shares are admitted to trading on the
regulated market of Euronext Paris (VANTI).
Vantiva, formerly known as Technicolor, is
headquartered in Paris, France. It is an independent company which
is a global technology leader in designing, developing and
supplying innovative products and solutions that connect consumers
around the world to the content and services they love – whether at
home, at work or in other smart spaces. Vantiva has also earned a
solid reputation for optimizing supply chain performance by
leveraging its decades-long expertise in high-precision
manufacturing, logistics, fulfillment and distribution. With
operations throughout the Americas, Asia Pacific and EMEA, Vantiva
is recognized as a strategic partner by leading firms across
various vertical industries, including network service providers,
software companies and video game creators for over 25 years. The
group’s relationships with the film and entertainment industry goes
back over 100 years by providing end-to-end solutions for its
clients.
Vantiva is committed to the highest standards of
corporate social responsibility and sustainability across all
aspects of their operations.
For more information, please visit vantiva.com
and follow Vantiva on LinkedIn and Twitter.
Contacts
Vantiva Press
Relations Thatcher+Co.
for
Vantivapress.relations@vantiva.com vantiva@thatcherandco.com
- pr-sbti-september-7-2023-en
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