The ODP Corporation Achieves Validation of Science-Based Emission Reduction Targets
17 November 2023 - 1:00AM
Business Wire
Validated science-based targets emphasize The
ODP Corporation’s commitment to environmental sustainability
The ODP Corporation is proud to announce that it has
successfully earned validation from the Science Based Targets
initiative (SBTi) of its science-based targets for scope 1, scope
2, and scope 3 greenhouse gas (GHG) emissions. This significant
milestone demonstrates The ODP Corporation’s commitment to
environmental sustainability and aligns with its ongoing efforts to
combat the effects of climate change.
The science-based targets reflect The ODP Corporation’s goals
for reducing GHG emissions, including a commitment to reduce
absolute scope 1 and 2 GHG emissions 46.2% by 2030 from a 2019 base
year. The Company further commits to reduce scope 3 GHG emissions
from downstream transportation and distribution and use of sold
products 55% per USD value added by 2030 from a 2019 base year.
As part of its dedication to driving sustainability throughout
its supply chain, The ODP Corporation also commits that 75% of its
suppliers by spend covering purchased goods and services will have
science-based targets by 2027. This collaborative effort will
contribute to reducing emissions and fostering an environmentally
responsible business ecosystem.
"We are incredibly proud to have our science-based targets
validated, as it underscores our commitment to make meaningful
changes in our environmental impact," said Shannon Hunter, vice
president of sustainability at The ODP Corporation. "By setting
these targets, we are sending a clear message to all of our
stakeholders—including our employees, customers, and partners—that
we are dedicated to environmental sustainability and actively
reducing our carbon footprint."
Achieving validation of our science-based targets is a testament
to The ODP Corporation’s ongoing sustainability journey. The ODP
Corporation remains committed to continuously improving its
environmental practices and embracing innovative solutions. This
announcement marks a pivotal step forward in the company’s
sustainability efforts and reinforces its position as a responsible
corporate citizen.
For more information about sustainability initiatives at The ODP
Corporation, please visit
theodpcorp.com/corporate-sustainability.
About The ODP Corporation
The ODP Corporation (NASDAQ:ODP) is a leading provider of
products, services, and technology solutions through an integrated
business-to-business (B2B) distribution platform and omnichannel
presence, which includes world-class supply chain and distribution
operations, dedicated sales professionals, a B2B digital
procurement solution, online presence and a network of Office Depot
and OfficeMax retail stores. Through its operating companies Office
Depot, LLC; ODP Business Solutions, LLC; Veyer, LLC; and Varis,
Inc., The ODP Corporation empowers every business, professional,
and consumer to achieve more every day. For more information, visit
theodpcorp.com.
ODP and ODP Business Solutions are trademarks of ODP Business
Solutions, LLC. Office Depot is a trademark of The Office Club,
LLC. OfficeMax is a trademark of OMX, Inc. Veyer is a trademark of
Veyer, LLC. Varis is a trademark of Varis, Inc. Any other product
or company names mentioned herein are the trademarks of their
respective owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231116544643/en/
Jennifer Robins Media Relations
Jennifer.Robins@theodpcorp.com Swati Joshi Media
Relations Swati.Joshi@theodpcorp.com
ODP (NASDAQ:ODP)
Historical Stock Chart
From Apr 2024 to May 2024
ODP (NASDAQ:ODP)
Historical Stock Chart
From May 2023 to May 2024