WASHINGTON, July 9, 2024
/PRNewswire/ -- Recently, 37 Interactive Entertainment's Near
Term targets for promoting greenhouse gas emissions reduction have
been officially validated by the Science Based Targets initiative
(SBTi). The company announced the news on World Environment Day,
through their special event Together for a Green and Beautiful
Guangzhou. The relevant information has also been released on
the SBTi official website on 2 July.
This has been another international recognition that 37
Interactive Entertainment gained in the field of environmental
practice. Earlier this year, the company's sustainability case was
selected in the Harvard Business
School's casebook. In the 2023 CDP climate questionnaire,
the company was upgraded to B- , ahead of the industry's average
performance.
The SBTi validated Near Term targets for 37 Interactive
Entertainment are as follows:
- 37 Interactive Entertainment commits to reduce absolute scope 1
and 2 GHG emissions 74.3% by 2027 to a 2019 base year.
- 37 Interactive Entertainment commits to increase active annual
sourcing of renewable electricity from 0% in 2019 to 100% by 2027,
and to continue active annual sourcing of 100% renewable
electricity through 2030.
- 37 Interactive Entertainment also commits to reduce absolute
scope 3 GHG emissions from purchased goods and services, capital
goods and employee commuting 50.4% by 2032 from a 2022 base
year.
SBTi has classified the company's scope 1 and 2 target ambition
as in line with a 1.5°C trajectory.
Leading the Industry in Environmental Performance by Racing
to zero
The Science Based Targets initiative (SBTi) is a globally
renowned climate action organization. As of May 2024, more than 8,300 companies worldwide
have taken action based on the SBTi guidelines, including some
well-known companies.
According to the latest data from SBTi, 37 Interactive
Entertainment became the 79th listed company in the
Greater China region and the
3rd listed company in A-share market validated by
SBTi.
From the industry-leading internal carbon inventory, active
participation in carbon sink trading, to the co-creation of value
chain emission reduction, 37 Interactive Entertainment is making
progress towards the science-based targets with aggressive
actions.
Since 2019, the carbon emissions within the scope of operation
(Scope 1&2) of 37IE have been decreasing year by year. The
company's carbon emissions within its scope of operation in 2023
have been reduced by more than 69.35% compared with the baseline
year of 2019.
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SOURCE 37 Interactive Entertainment