Rogers Net-Zero Targets Approved by SBTi
01 November 2024 - 5:20AM
Rogers today announced its net-zero greenhouse gas (GHG) emissions
targets have been approved by the globally recognized Science
Based Targets initiative (SBTi).
“This is a significant milestone in our efforts to take
meaningful action on climate change and help build a more
climate-resilient Canada,” said Tony Staffieri, President and Chief
Executive Officer, Rogers. “Greenhouse gas emissions are the most
significant driver of climate change and Rogers will continue to
deliver on our environmental commitments to reduce our impact on
the planet.”
Rogers is the first national carrier in Canada to have approved
science-based net-zero targets published by the SBTi. The global
organization for corporate climate goals validates submitted
targets and action plans to ensure they are in line with
the Paris Agreement.
The company’s action plan will aim to deliver on environmental
commitments in four key areas:
- Increasing energy efficiencies across its operations and
network
- Transitioning its fleet to electric and hybrid
vehicles
- Expanding its renewable energy strategy
- Engaging suppliers to set their own science-based targets
Rogers efforts have already reduced scope 1 and 2 GHG emissions
by 33% since 2019. Rogers long-term net-zero targets are to
reduce absolute scope 1, 2 and 3 GHG emissions to
net-zero by 2050.* Near-term targets are to reduce absolute scope 1
and 2 emissions by 50% by 2030 and ensure 80% of its suppliers set
their own science-based targets by 2029.**
About Rogers Communications Rogers is
Canada’s leading communications and entertainment company and its
shares are publicly traded on the Toronto Stock Exchange (TSX:
RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).
For more information, please
visit rogers.com or investors.rogers.com.
For more
information: media@rci.rogers.com 1-844-226-1338
*Per SBTi’s standard, net-zero is reached when a company
has reduced emissions by at least 90%, with residual emissions in
the final year to be permanently neutralized (e.g. through
investments in carbon offsets). **2019 established as
the baseline year for both near-term and long-term targets.
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