Senior PLC Senior's Greenhouse Gas emission reduction targets
23 July 2020 - 4:00PM
RNS Non-Regulatory
TIDMSNR
Senior PLC
23 July 2020
Senior plc leads the Aerospace & Defence sector in approval
of 1.5degC Greenhouse Gas ("GHG") emission reduction targets
Senior plc ("Senior"), an international manufacturer of high
technology components and systems, announces its ambitious
emissions reduction targets have been approved by the Science Based
Targets initiative ("SBTi"). These targets are aligned with The
Paris Agreement's stretch objective to limit climate warming to
1.5degC.
Senior is the first company in the global Aerospace &
Defence sector to have its emissions reduction targets
independently verified and approved by the SBTi. The targets
covering GHG emissions from Senior's operations are consistent with
reductions required to limiting climate warming to 1.5degC. The
Paris Agreement's long-term temperature goal is to keep the
increase in global average temperature to well below 2degC above
pre-industrial levels; and to pursue efforts to limit the increase
to 1.5degC, recognizing that this would substantially reduce the
risks and impacts of climate change.
SBTi have approved the following targets:
-- Senior commits to reduce its absolute Scope 1 and 2 GHG
emissions by 30% by 2025 compared to a 2018 base year
-- For Scope 3 GHG emissions, Senior also commits that 80% of
its suppliers by spend, covering purchased goods and services and
capital goods, will have science-based targets by 2025
In the SBTi's target assessment report, Senior's Scope 1 and 2
targets were considered ambitious.
David Squires, Group Chief Executive of Senior plc said:
"We are delighted with this recognition by the SBTi, which
demonstrates our long-standing commitment to help minimise global
warming. We are the first company worldwide in the Aerospace &
Defence industry to have approval for targets which are consistent
with reductions required to limit climate warming to 1.5degC, and
we will actively encourage others to follow suit."
Jonathan Sykes, Executive Chairman at Carbon Intelligence who
worked with Senior plc, said:
" As the first company in the Aerospace & Defence sector to
align a science-based target with 1.5C, Senior plc is in a position
of leadership. The engineering & manufacturing firm has set
ambitious carbon reduction targets through its suppliers as well as
its own operations and the resulting actions will help its
customers meet their own goals."
About the Science Based Targets initiative
The Science Based Targets initiative mobilizes companies to set
science-based targets and boost their competitive advantage in the
transition to the low-carbon economy. It is a collaboration between
CDP, the United Nations Global Compact, World Resources Institute
and the World-Wide Fund for Nature and one of the We Mean Business
Coalition commitments. The initiative 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.
CDP Climate is the world authority on the evaluation of
corporate carbon policies and reporting.
About Senior
Senior is an international manufacturing group with operations
in 13 countries. It is listed on the main market of the London
Stock Exchange (symbol SNR). Senior designs, manufactures and
markets high technology components and systems for the principal
original equipment producers in the worldwide aerospace &
defence , land vehicle and power & energy markets. Further
information on Senior plc may be found at: www.seniorplc.com
Further information
Richard Webster-Smith Finsbury +44 (0) 7796 708 551
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END
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