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RWS Holdings PLC on Tuesday said that its near-term science-based emissions reduction target has been approved by the Science Based Targets initiative. The Chalfont St Peter, England-based company transforms content through translation, localisation, and artificial intelligence-enabled technology, blended with human expertise. Meanwhile, SBTi is a corporate climate action organisation, with standards and tools that help companies set targets for the reduction of greenhouse gas emissions. In February of this year, RWS Holdings submitted two greenhouse gas inventories for review by the SBTi target validation team. The team classified RWS’s Scope 1 and 2 target ambition, and determined that it is in line with the 1.5 degrees centigrade trajectory. In its report, SBTi also noted that RWS has chosen to report on its emissions beyond the minimum disclosure requirement. Accordingly, RWS has committed to reducing Scope 1 and 2 emissions by nearly 55% by the end of its 2033 financial year. It has also committed to reducing Scope 3 emissions from purchased goods and services and employee commuting. ‘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,’ said Chief Executive Officer Ian El-Mokadem. Shares in RWS Holdings were trading 0.4% higher at 310.77 pence each in London on Tuesday morning. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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