Origin Enterprises Plc Climate action targets validated by SBTi (8640S)
09 Novembre 2023 - 8:00AM
UK Regulatory
TIDMOGN
RNS Number : 8640S
Origin Enterprises Plc
09 November 2023
Climate action targets validated by SBTi
Validation covers Origin's near-term Scope 1, 2 and 3
science-based targets
Dublin, London, 09 November 2023: Origin Enterprises plc
('Origin' or 'the Group'), the international Agronomy-Services
group, providing specialist advice, inputs and digital solutions to
promote sustainable land use, announces that its science-based
greenhouse gas emissions reductions targets have been validated by
the Science Based Targets initiative ('SBTi').
In pursuit of Origin's commitment to climate action, the Group
is resolute in reducing its direct and indirect emissions, working
with supply chain partners, and supporting customers by providing
solutions to support the transition to net-zero. To achieve these
ambitions, Origin submitted the below targets for SBTi validation,
across Scope 1, 2 and 3 emissions. These targets are anchored in
key performance indicators within the Group's Carbon Transition
Plan to 2032, as outlined in the Group's FY23 Sustainability Report
.
SBTi validated near-term science-based targets
-- Origin Enterprises plc commits to reduce absolute Scope 1 and
2 GHG emissions 54.9% by FY2032, from a FY2019 base year.
-- Origin Enterprises plc also commits to reduce absolute Scope
3 GHG emissions from purchased goods and services, upstream
transportation and distribution and use of sold products 32.5%
within the same timeframe.
The SBTi's Target Validation Team has classified Origin's Scope
1 and 2 target ambition and has determined it is in line with
1.5(O) C trajectory of the Paris Agreement.
Sean Coyle, Chief Executive Officer, Origin Enterprises plc,
commented: "Validation of our science-based climate action targets,
in line with the Paris Agreement, is a significant milestone for
the Group as we continue to implement our sustainability strategy,
Nurturing Growth and its associated targets. Our targets create a
clear pathway for us to reduce GHG emissions which will help
protect the environment that we, and the customers and communities
we serve, depend on. Recognising the pivotal role of our sector in
the global transition to net-zero, our focus is to reduce the
Group's direct and indirect emissions and optimise the sustainable
use of land through innovation and integrated solutions.
While we are proud of our progress to date, and recognise the
collective efforts of our team, we are constantly challenging
ourselves with ambitious targets that will guide our business in
promoting a sustainable future through responsible land use."
ENDS
Enquiries:
Origin Enterprises plc
Brendan Corcoran
Head of Investor Relations Tel: +353 (0)1 563 4900
FTI Consulting (Financial Communications
Advisers)
Jonathan Neilan / Patrick Berkery Tel: +353 (86) 602 5988
About Origin Enterprises plc
Origin Enterprises plc is an international Agronomy-Services
group, providing specialist advice, inputs and digital solutions to
promote sustainable land use. The Group has leading market
positions in Ireland, the United Kingdom, Brazil, Poland and
Romania. Origin's ordinary shares are listed on the Euronext Growth
(Dublin) market of Euronext Dublin and the AIM market of the London
Stock Exchange.
Euronext Growth (Dublin) ticker symbol: OIZ
AIM ticker symbol: OGN
Website: www.originenterprises.com
About the Science Based Targets initiative
The Science Based Targets initiative (SBTi) is a global body
enabling companies and financial institutions to set ambitious
emissions reduction targets in line with the latest climate
science. The SBTi's goal is to accelerate businesses across the
world to support the global economy to halve emissions before 2030
and achieve net-zero 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.
To learn more visit: https://sciencebasedtargets.org/
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November 09, 2023 02:00 ET (07:00 GMT)
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