RNS2 Dec 2021 11:02
Ricardo now joins a growing group of global businesses that have received approval of their targets, ensuring that greenhouse gas emissions from Ricardo's operations (scopes 1 and 2)[1] are consistent with the reductions required to limit global warming to 1.5ºC, the most ambitious goal of the Paris Agreement.
The targets, as approved by the Science Based Targets initiative, are:
1. Ricardo commits to reduce scope 1 and 2 greenhouse gas emissions by 46.2% by 2031 from a 2020 base year, modelled using the Absolute Contraction approach.
2. Ricardo also commits to increase its annual sourcing of renewable electricity to 90% by 2026.
3. In addition, Ricardo has made a commitment to reduce scope 3 greenhouse gas emissions by 27.5% by 2031 from a 2020 base year.