Adtran sets new SBTi targets for net-zero emissions
September 09 2024 - 8:00AM
Business Wire
News summary:
- Adtran has committed to new SBTi-approved targets, supporting
global 1.5°C climate goals
- Company roadmap aims for net-zero emissions by 2048 across its
entire value chain
- New targets reinforce Adtran’s leadership in sustainability and
climate action
Adtran today announced its new Science Based Targets initiative
(SBTi) commitments. The company aims to achieve net-zero emissions
across its entire value chain by 2048, aligning with the global
objective of limiting warming to 1.5°C to mitigate the most severe
impacts of climate change. Adtran’s newly approved commitments
include a 74.5% reduction in absolute scope 1 and 2 greenhouse gas
emissions by 2032 and scope 3 emissions by 40% within the same
timeframe. These science-based targets underscore Adtran’s
dedication to sustainability leadership, as well as its continuous
efforts to reduce its own carbon footprint and that of its
customers.
“Our newly approved SBTi commitments underline our steadfast
commitment to climate responsibility and represent a significant
step forward in our environmental efforts. When we look at the
sustainability gains we’ve already made as a result of joining the
SBTi, we’re in no doubt we can realize our goal of
organization-wide carbon neutrality,” said Klaus Grobe, senior
director of global sustainability at Adtran. “Our ambitious near-
and longer-term objectives will contribute to limiting global
temperature rises to 1.5°C, in line with the 2015 Paris Agreement.
What’s more, using the SBTi’s framework, we can regularly share our
progress, demonstrating to all industries that tackling global
warming is within our collective capacity.”
Using 2016 as a base, Adtran’s near-term science-based targets
commit to a 74.5% reduction in its scope 1 and scope 2 emissions
(emissions it is directly responsible for, e.g., those generated by
fleet vehicles) by 2032. Adtran’s scope 3 emissions (indirect
emissions generated from purchased services and use of sold
products) will be reduced by 40%. By 2048, Adtran’s long-term
targets commit the company to reducing absolute scope 1 and 2
emissions by 90% and scope 3 by 95%. A plan for radically limiting
scope 3 emissions – the most challenging aspect of greenhouse gas
reduction – is required under the SBTi’s Net-Zero Standard. Adtran
has had a scope 3 plan in place since joining the SBTi in 2016.
“Recognizing its potential to drive down emissions in line with
global sustainability imperatives, we became one of the earliest
supporters of the SBTi. It’s a testament to the organization’s
success and the achievements of participants like Adtran that over
4,000 companies now have SBTi-approved targets,” commented Mickie
Smith, VP of corporate quality and sustainability at Adtran.
“Against a backdrop of rising global temperatures and an
unpredictable energy market, our new goal of achieving net zero by
2048 is indeed ambitious. But as an organization, we’re committed
to reducing energy use, optimizing operations and innovating for
sustainable growth while transparently sharing our progress to
inspire change across the industry.”
About Adtran
ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) is the parent
company of Adtran, Inc., a leading global provider of open,
disaggregated networking and communications solutions that enable
voice, data, video and internet communications across any network
infrastructure. From the cloud edge to the subscriber edge, Adtran
empowers communications service providers around the world to
manage and scale services that connect people, places and things.
Adtran solutions are used by service providers, private
enterprises, government organizations and millions of individual
users worldwide. ADTRAN Holdings, Inc. is also the largest
shareholder of Adtran Networks SE, formerly ADVA Optical Networking
SE. Find more at Adtran, LinkedIn and X.
Published by ADTRAN Holdings, Inc. www.adtran.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240909178766/en/
For media Gareth Spence +44 1904 699 358
public.relations@adtran.com For investors Rhonda Lambert +1
256 963 7450 investor.relations@adtran.com
ADTRAN (NASDAQ:ADTN)
Historical Stock Chart
From Nov 2024 to Dec 2024
ADTRAN (NASDAQ:ADTN)
Historical Stock Chart
From Dec 2023 to Dec 2024