For immediate
release
18
June 2024
RWS
Holdings plc
Science Based Targets
initiative validates RWS's commitment to reduce carbon emissions
Achievement signifies milestone in
RWS's sustainability journey
RWS Holdings plc ("RWS"), a unique, world-leading provider of
technology-enabled language, content and intellectual property
solutions, announces that its near-term science-based emissions
reduction target has been approved by the Science Based Targets
initiative (SBTi). The approval is a key milestone in RWS's
sustainability journey.
In 2022 RWS took measures to enhance the
accuracy of its carbon footprint by improving data collection and
greenhouse gas (GHG) emissions to include both its operations and
supply chain and has now committed to setting carbon reduction
targets which are aligned with the SBTi.
The SBTi is a corporate climate action
organisation that enables companies and financial institutions
worldwide to play their part in combatting the climate crisis. Its
standards and tools allow companies to set targets for the
reduction of GHG emissions.
In February 2024 RWS submitted two GHG
inventories for review by the SBTi Target Validation Team. The SBTi
Target Validation team classified RWS's scope 1 and 2 target
ambition and has determined that it is in line with the 1.5°C
trajectory (i.e. it is aligned with a rate of decarbonisation that
is consistent with keeping global temperature increases to 1.5°C
compared to pre-industrial temperatures). SBTi also notes in its
report that RWS has chosen to report on its emissions beyond the
minimum disclosure requirement.
Near-term
Targets
· RWS
commits to reduce its scope 1 and 2 GHG emissions by 54.6% by the
end of its financial year ending 30 September 2033 (FY33) from a
FY22 base year.
· RWS
also commits to reduce scope 3 GHG emissions from purchased goods
and services and employee commuting by 61.1% per million GBP value
added within the same timeframe.
Ian El-Mokadem, CEO of RWS, said: "The SBTi is
the gold standard for defining the pathway to reduce corporate
greenhouse gas emissions and we're proud of this recognition of our
commitment.
"Sustainability is core to the way we operate
and we will continue to ensure that we're doing all that we can to
combat the climate crisis."
More
information:
Click
here to learn more about RWS's corporate sustainability policy
and here
to access SBTi's website.
MHP (Financial PR
Advisor)
rws@mhpgroup.com
Katie Hunt / Eleni Menikou /
Catherine
Chapman
020 3128 8100
07884 494112
RWS Corporate
Communications
Denis Davies
ddavies@rws.com
About RWS
RWS Holdings plc is a unique, world-leading provider
of technology-enabled language, content and intellectual property
services. Through content transformation and multilingual data
analysis, our combination of AI-enabled technology and human
expertise helps our clients to grow by ensuring they are understood
anywhere, in any language.
Our purpose is unlocking global understanding. By
combining cultural understanding, client understanding and
technical understanding, our services and technology assist our
clients to acquire and retain customers, deliver engaging user
experiences, maintain compliance and gain actionable insights into
their data and content.
Over the past 20 years we've been evolving our own AI
solutions as well as helping clients to explore, build and use
multilingual AI applications. With 45+ AI-related patents and more
than 100 peer-reviewed papers, we have the experience and expertise
to support clients on their AI journey.
We work with over 80% of the world's top 100 brands,
more than three-quarters of Fortune's 20 'Most Admired Companies'
and almost all of the top pharmaceutical companies, investment
banks, law firms and patent filers. Our client base spans Europe,
Asia Pacific, Africa and North and South America. Our 65+ global
locations across five continents service clients in the automotive,
chemical, financial, legal, medical, pharmaceutical, technology and
telecommunications sectors.
Founded in 1958, RWS is headquartered in the UK and
publicly listed on AIM, the London Stock Exchange regulated market
(RWS.L).
For further information, please visit:
www.rws.com.