Latest news with #ScienceBasedTarget
Yahoo
27-05-2025
- Business
- Yahoo
Universal Corporation's GHG Emissions Target Approved by SBTi
RICHMOND, Va., May 27, 2025--(BUSINESS WIRE)--Universal Corporation (NYSE:UVV), a global business-to-business agriproducts company, announced its ambitious Net-Zero target has been approved by the Science Based Target initiative (SBTi). This significant achievement underscores Universal's commitment to sustainable business practices and its proactive approach to mitigating climate-related impacts. The SBTi approval confirms that Universal Corporation's current net-zero target meets the rigorous criteria set by the initiative. This target is part of Universal's broader sustainability strategy, which includes reducing greenhouse gas (GHG) emissions across its entire value chain and investing in innovative solutions to mitigate the Company's environmental impact. Specifically, Universal Corporation has committed to: Overall Net-Zero target: Reach net-zero greenhouse gas (GHG) emissions across the value chain by 2050 Near-term targets: A 45 percent reduction in absolute scope 1 and 2 GHG emissions by 2030 as compared to 2024 A 25 percent reduction in absolute scope 3 GHG emissions from purchased goods and services, capital goods, waste generated in operations, business travel, processing of sold products, and use of sold products within the same timeframe Long-term target: A 90 percent reduction in absolute scope 1, 2 and 3 GHG emissions by 2050 as compared to 2024 Universal Corporation also commits to no deforestation across its primary deforestation-linked commodities by December 2025. These targets are part of Universal's broader sustainability strategy, which include reducing greenhouse gas (GHG) emissions across its entire value chain and investing in innovative solutions to mitigate environmental impact. Preston D. Wigner, Chairman, President, and Chief Executive Officer of Universal, said, "Sustainability is good for our business and is good stewardship in the communities in which we operate. Our business strategy integrates responsible business practices, and we believe our commitment to sustainability is a competitive advantage in the global marketplace. The approval of our net-zero target by the SBTi is a testament to our ability to drive positive business results while making a positive commitment to stewardship." About the Science Based Targets initiative The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. Partner organizations who facilitated SBTi's growth and development are CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). SBTi 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. About Universal Corporation Universal Corporation (NYSE: UVV) is a global agricultural company with over 100 years of experience supplying products and innovative solutions to meet our customers' evolving needs and precise specifications. Through our diverse network of farmers and partners across more than 30 countries on five continents, we are a trusted provider of high-quality, traceable products. We leverage our extensive supply chain expertise, global reach, integrated processing capabilities, and commitment to sustainability to provide a range of products and services designed to drive efficiency and deliver value to our customers. For more information, visit View source version on Contacts Universal Corporation Investor RelationsPhone: (804) 359-9311Fax: (804) 254-3584Email: investor@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-04-2025
- Business
- Yahoo
Essity on CDP's Prestigious A List for Climate
NORTHAMPTON, MA / / April 4, 2025 / Essity / TORK: Originally published on Essity Newsroom The hygiene and health company Essity has been awarded a place on the global non-profit environmental organization CDP's "A List" for its leadership in corporate transparency and performance on climate. Over 22,000 companies from 130 countries, representing two-thirds of global market capitalization, participated in CDP's 2024 questionnaire examining various criteria, including targets, governance, impact reduction initiatives, and value chain engagement. CDP rates from A to D and Essity is one of a small number of companies that made the prestigious "A list" for Climate. For CDP forest, Essity has been awarded an A-. "The recognition from CDP shows Essity's commitment to become net zero by 2050 and our engagement in the Science Based Target initiative (SBTi) since 2017. Improving the lives of over a billion people who use our products and services every day can only happen with a strong focus on sustainability," says Sahil Tesfu, Essity's Chief Strategy & Sustainability Officer. Climate change is one of the defining issues of our time, and its global effects are far-reaching. Essity is committed to becoming net zero by 2050 through full value chain decarbonization, from raw material sourcing to product use and disposal. Essity has implemented various technologies to reduce emissions including using solar, geothermal, biogas and industrial waste heat energy sources, continuously exploring further options. As a global buyer of fresh and recycled wood-based fiber materials, Essity is dependent on healthy and resilient forests. Our target is to ensure that all wood-fiber is certified and sourced through the third-party Chain of Custody systems FSC and PEFC. CDP holds the largest environmental database in the world, and its annual environment-related data collection and assessment process is widely recognized as the leading benchmark when it comes to ensuring the transparency of companies' environmental activities. For additional information, please contact: Karl Stoltz, Public Relations Director, +46 (0) 70 942 63 38, About Essity Essity is a global, leading hygiene and health company. Every day, our products, solutions and services are used by a billion people around the world. Our purpose is to break barriers to well-being for the benefit of consumers, patients, caregivers, customers and society. Sales are conducted in approximately 150 countries under the leading global brands TENA and Tork, and other strong brands such as Actimove, Cutimed, JOBST, Knix, Leukoplast, Libero, Libresse, Lotus, Modibodi, Nosotras, Saba, Tempo, TOM Organic and Zewa. In 2024, Essity had net sales of approximately SEK 146bn (EUR 13bn) and employed 36,000 people. The company's headquarters is located in Stockholm, Sweden and Essity is listed on Nasdaq Stockholm. More information at View additional multimedia and more ESG storytelling from Essity / TORK on Contact Info: Spokesperson: Essity / TORKWebsite: info@ SOURCE: Essity/TORK View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
04-04-2025
- Business
- Associated Press
Essity on CDP's Prestigious A List for Climate
Originally published on Essity Newsroom The hygiene and health company Essity has been awarded a place on the global non-profit environmental organization CDP's 'A List' for its leadership in corporate transparency and performance on climate. Over 22,000 companies from 130 countries, representing two-thirds of global market capitalization, participated in CDP's 2024 questionnaire examining various criteria, including targets, governance, impact reduction initiatives, and value chain engagement. CDP rates from A to D and Essity is one of a small number of companies that made the prestigious 'A list' for Climate. For CDP forest, Essity has been awarded an A-. 'The recognition from CDP shows Essity's commitment to become net zero by 2050 and our engagement in the Science Based Target initiative (SBTi) since 2017. Improving the lives of over a billion people who use our products and services every day can only happen with a strong focus on sustainability,' says Sahil Tesfu, Essity's Chief Strategy & Sustainability Officer. Climate change is one of the defining issues of our time, and its global effects are far-reaching. Essity is committed to becoming net zero by 2050 through full value chain decarbonization, from raw material sourcing to product use and disposal. Essity has implemented various technologies to reduce emissions including using solar, geothermal, biogas and industrial waste heat energy sources, continuously exploring further options. As a global buyer of fresh and recycled wood-based fiber materials, Essity is dependent on healthy and resilient forests. Our target is to ensure that all wood-fiber is certified and sourced through the third-party Chain of Custody systems FSC and PEFC. CDP holds the largest environmental database in the world, and its annual environment-related data collection and assessment process is widely recognized as the leading benchmark when it comes to ensuring the transparency of companies' environmental activities. For additional information, please contact: Karl Stoltz, Public Relations Director, +46 (0) 70 942 63 38, [email protected] About Essity Essity is a global, leading hygiene and health company. Every day, our products, solutions and services are used by a billion people around the world. Our purpose is to break barriers to well-being for the benefit of consumers, patients, caregivers, customers and society. Sales are conducted in approximately 150 countries under the leading global brands TENA and Tork, and other strong brands such as Actimove, Cutimed, JOBST, Knix, Leukoplast, Libero, Libresse, Lotus, Modibodi, Nosotras, Saba, Tempo, TOM Organic and Zewa. In 2024, Essity had net sales of approximately SEK 146bn (EUR 13bn) and employed 36,000 people. The company's headquarters is located in Stockholm, Sweden and Essity is listed on Nasdaq Stockholm. More information at Visit 3BL Media to see more multimedia and stories from Essity / TORK
Yahoo
03-03-2025
- Business
- Yahoo
IMCD takes the next steps in its decarbonisation journey and commits to set SBTi near-term targets
ROTTERDAM, The Netherlands (3 March 2025) – IMCD N.V. ("IMCD" or "Company"), a global leading distribution partner and formulator of speciality chemicals and ingredients, today announced it has committed to the Science Based Target initiative (SBTi) and intends to set near-term emissions reduction targets in line the SBTi criteria and recommendations. The SBTi is a corporate climate action organisation that enables companies and financial institutions worldwide to play their part in combating the climate crisis. Aligning with the Paris Agreement goal of limiting global warming, the SBTi develops standards, tools and guidance for organizations to set greenhouse gas (GHG) emission reduction targets to keep global warming to a minimum. In recent years, IMCD has strengthened its carbon footprint visibility, building a solid foundation to develop near-term emissions targets aligned with SBTi guidelines. 'At IMCD, we aspire to be a force of influence, helping to grow a world of opportunity into a sustainable future', says Valerie Diele-Braun, Chief Executive Officer. 'IMCD has presence and teams in more than 60 countries. We are aware of the potential impacts of climate change in the markets we serve, and we see it as our responsibility to reduce our footprint and help minimize the impacts of our industry. With our commitment to SBTi, we are taking a next step to do just that.' The commitment will be published on the SBTi website on 6 March 2025. More information on our decarbonisation journey will be included in the Company's 2024 Integrated Report, which is set to be released on 5 March 2025. - xxx - IMCD N.V. based in Rotterdam, The Netherlands, is a leading global distribution partner and formulator of speciality chemicals and ingredients. IMCD is an expert solutions provider and adds sustainable value to the supply chain. Every day professionals focus on providing the best service through commercial and operational excellence. The company is mindful of the role they play in creating a better planet for all and formulates with consciousness and executes with care, to address business challenges of tomorrow, in partnership and transparency. In 2023, with over 4,700 employees, IMCD realised a revenue of EUR 4,443 million. IMCD N.V.'s shares are traded at Euronext, Amsterdam (symbol: IMCD) and included in the Dutch ESG AEX index, as one of 25 companies within the AEX and AMX indices demonstrating best ESG practices. For further information, please visit Media contact IMCD Media Centremediarelations@ IMCD GroupMuriel Werlé Corporate Communications Director Attachment IMCD NV_PR_SBTi Commitment_20250303
