FW Thorpe Plc has net zero goals officially validated

FW Thorpe Plc has had its net zero target validated by the Science Based Targets Initiative (SBTi) under the Net Zero Standard.

In 2023, FW Thorpe Plc announced its ambitious climate target to achieve net zero emissions by 2040 and set credible and robust science-based targets.

The SBTi has validated that FW Thorpe Plc's science-based greenhouse gas emissions reduction targets conform to the SBTi Corporate Net Zero Standard. The standard includes the guidance, criteria, and recommendations companies need to set science-based net zero targets consistent with limiting global temperature rise to 1.5°C.

FW Thorpe Plc will report the progress against the published targets on an annual basis along with its company-wide GHG emissions inventory.

Overall Net Zero Target:

FW Thorpe Plc commits to reach net zero greenhouse gas emissions across the value chain by FY2040.

Near-Term Targets:

• FW Thorpe Plc commits to reduce absolute scope 1 and 2 GHG emissions 57.5% by FY2030 from a FY2021 base year.
• FW Thorpe Plc also commits to reduce absolute scope 3 GHG emissions 25% within the same timeframe.

Long-Term Targets:

• FW Thorpe Plc commits to reduce absolute scope 1 and 2 GHG emissions 90% by FY2040 from a FY2021 base year.
• FW Thorpe Plc commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.

For more information, visit https://sciencebasedtargets.org/companies-taking-action