Victrex PLC Victrex signs up to SBTi (7161P)
October 21 2021 - 2:00AM
UK Regulatory
TIDMVCT
RNS Number : 7161P
Victrex PLC
21 October 2021
21 October 2021
Victrex plc
Victrex signs up to Science Based Target initiative (SBTi) as
part of 2030 net zero goal
Victrex plc, an innovative world leader in high performance
polymer solutions, delivering sustainable products which support
CO(2) reduction and bring environmental and societal benefit, has
today announced its commitment to the Science Based Target
initiative (SBTi), in addition to its 2030 carbon net zero goal(1)
.
As part of its commitment to SBTi, Victrex has joined the
Business Ambition for 1.5degC campaign - the world's largest and
fastest-growing group of companies - that are aligning with 1.5degC
and helping to halve global emissions by 2030.
Victrex's commitment follows on from its enhanced ESG
(Environmental, Social & Governance) strategy launched in 2020,
which includes its 2030 net zero goal and targets relating to
minimising use of resources including energy, water and waste. Its
ESG goals also include increasing the proportion of sustainable
products as a percentage of its portfolio, and enhancing its
programme on diversity & inclusion, and social
responsibility.
Jakob Sigurdsson, Chief Executive of Victrex, said: "This is
further evidence of Victrex's strong and long-term ESG commitment
and the positive impact we are seeking to make to the environment
and society."
"Our commitment to a science-based target for emissions is in
line with climate science and also builds on the role our materials
have played over many years in helping to bring environmental &
societal benefit in a number of end markets. This includes
supporting light-weighting and CO(2) reduction in Aerospace &
Automotive, and clinical benefit in Medical. We continue to further
enhance our ESG strategy and expect to set out additional goals in
our 2021 Annual Report."
Victrex recently received a Gold sustainability rating from
EcoVadis, one of the world's leading sustainability rating
agencies.
A full list of companies involved in SBTi can be found at
sciencebasedtargets.org.
Notes:
1. Victrex's 2030 carbon net zero goal, launched in 2020,
focuses on its Scope 1 & 2 emissions. As part of its commitment
to SBTi, a science-based target will also include reporting on
Scope 3 emission segments.
Enquiries:
Victrex plc:
Andrew Hanson, Director of Investor Relations & Corporate Communications +44 (0) 1253 898121
+44 (0) 7809 595831
Jakob Sigurdsson, Chief Executive +44 (0) 1253 897700
Richard Armitage, Chief Financial Officer +44 (0) 1253
897700
About Victrex:
Victrex is an innovative world leader in high performance
polymer solutions, focused on the strategic markets of Automotive,
Aerospace, Energy, Electronics and Medical. Every day, millions of
people rely on products or applications which contain our
sustainable materials, from smartphones, aeroplanes and cars to oil
& gas operations and medical devices. With over 40 years'
experience, we are moving beyond the polymer into semi-finished and
finished products which shape future performance for our customers
and our markets, provide environmental and societal benefit for
customers and drive value for our shareholders. Find out more at
www.victrexplc.com
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