Keysight’s Near-Term Science-Based Targets Approved by the Science Based Targets Initiative
November 16 2023 - 12:01PM
Business Wire
- Demonstrates company alignment with the latest climate
science
- Keysight commits to reducing absolute scope 1 and 2 greenhouse
gas emissions 42% by fiscal year 2030 from a fiscal year 2021 base
year
Keysight Technologies, Inc. (NYSE: KEYS) announced that its
near-term science-based targets (SBTs) have been approved by the
Science Based Targets initiative (SBTi). The targets provide a
clear objective for the company’s strategy to reduce operational
greenhouse gas (GHG) emissions in line with a 1.5°C trajectory and
to engage customers in setting their own SBTs.
An increased global temperature presents significant economic,
social, and environmental challenges. Rapid emissions reductions
are necessary to mitigate the worst impacts of climate change and
limit global warming to 1.5°C.
Keysight commits to reducing absolute scope 1 and 2 GHG
emissions 42% by fiscal year 2030 from a fiscal year 2021 base
year. Keysight also commits that 73% of its customers by emissions
covering use of sold products, will have science-based targets by
fiscal year 2028.
Keysight’s scope 1 and 2 operational emissions reduction
strategy includes energy reduction through efficiency and
conservation measures, decarbonization of industrial processes, and
sourcing renewable electricity worldwide. In 2022, the company
completed the first comprehensive calculation of its scope 3
indirect emissions and identified the use of sold products category
as the most significant. Keysight will work with its customers to
provide guidance and support on setting SBTs to reduce
emissions.
In addition to the approved near-term SBTs, Keysight remains
committed to achieving net zero GHG emissions in scopes 1 and 2 by
the end of fiscal year 2040. Keysight reports on its progress
towards net zero emissions in the company’s annual Corporate Social
Responsibility (CSR) Report and plans to include future progress on
its approved near-term SBTs. Keysight’s near-term targets are
listed on the SBTi website.
Ingrid Estrada, Chief Administrative Officer and Chief of
Staff, Keysight said: “The private sector must take meaningful
action to do its part in limiting global temperature rise to 1.5°C.
By validating targets through the SBTi we are demonstrating our
alignment with the latest climate science, meeting stakeholder
expectations, strengthening business continuity and resilience, and
engaging our value chain.”
Resources
- Keysight’s CSR Report
- Keysight’s Response to Climate Change
- Keysight CSR Website
About Keysight Technologies
At Keysight (NYSE: KEYS), we inspire and empower innovators to
bring world-changing technologies to life. As an S&P 500
company, we’re delivering market-leading design, emulation, and
test solutions to help engineers develop and deploy faster, with
less risk, throughout the entire product lifecycle. We’re a global
innovation partner enabling customers in communications, industrial
automation, aerospace and defense, automotive, semiconductor, and
general electronics markets to accelerate innovation to connect and
secure the world. Learn more at Keysight Newsroom and
www.keysight.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231116702166/en/
Paul Erwin Americas +1 248 430 9075 paul.erwin@keysight.com
Fusako Dohi Asia +81 42 660-2162 fusako_dohi@keysight.com
Jenny Gallacher Europe +44 (0) 7800 737 982
jenny.gallacher@keysight.com
Keysight Technologies (NYSE:KEYS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Keysight Technologies (NYSE:KEYS)
Historical Stock Chart
From Jul 2023 to Jul 2024