REXEL’S NET-ZERO TARGETS APPROVED BY THE SCIENCE BASED TARGETS INITIATIVE
28 Juli 2022 - 7:18AM
REXEL’S NET-ZERO TARGETS APPROVED BY THE SCIENCE BASED TARGETS
INITIATIVE
REXEL’S
NET-ZERO
TARGETSAPPROVED
BY THE SCIENCE BASED TARGETS INITIATIVE
Rexel, a worldwide expert in the multichannel
professional distribution of products and services for the energy
world, announces that its 2030 & 2050 net-zero greenhouse gas
(GHG) emissions targets were approved on July 19, 2022 by the
Science Based Targets initiative (SBTi) Net-Zero Standard.
Rexel aims to reach net-zero GHG emissions
across the value chain by 2050, in two stages:
- In 2030, Rexel commits to reduce
from a 2016 base year:
- Absolute scope 1 and 2 GHG
emissions by 60%.
- Absolute scope 3 GHG emissions from
use of products sold by 45%, an equivalent of a reduction of 60% in
intensity terms, previously used as our reference.
- In 2050, Rexel commits to reduce
from a 2016 base year:
- Absolute scope 1 and 2 GHG
emissions by 90%.
- Absolute scope 3 GHG emissions by
90%.
The SBTi classified Rexel’s scope 1 and 2
near-term target ambition and determined that it is in line with a
1.5°C trajectory.
The SBTi “commends Rexel’s ambitious net-zero
target, currently the most ambitious designation available through
the SBTi process.”
For more than 15 years, Rexel has been committed
to a sustainable approach that has resulted in ambitious
environmental objectives for 2030 & 2050, aiming at massively
reducing the environmental footprint of its operations and working
to reduce the emissions of its business partners. These new targets
emphasize the importance of rapid and significant emission cuts, by
halving emissions before 2030 and achieving net-zero before 2050.
To achieve these targets, Rexel will continue to have an ambitious
vision on what a zero-carbon economy looks like and what actions
need to be taken, including encouraging all its stakeholders to
align with climate science and commit to setting science-based
1.5°C and net-zero targets as well.
Guillaume Texier, CEO of Rexel, states: “Today,
we notice a true alignment among key stakeholders – suppliers,
clients, end-users, employees, public authorities, and financial
markets – who are taking net-zero commitments and recognition, like
SBTi-approved targets, more seriously than ever before. Rexel’s
commitment to a net-zero agenda, a key pillar in our strategy,
demonstrates the essential role that the Group can play in helping
to fight climate change and guarantee a more sustainable future.
Sustainability commitments are here to stay, and the Rexel Group,
together with its 26,000 employees, are committed to making this a
success.”
The Science Based Targets initiative (SBTi) is a
collaboration between CDP, the United Nations Global Compact
(UNGC), World Resources Institute (WRI), the World Wide Fund for
Nature (WWF), and one of the We Mean Business Coalition
commitments. The SBTi defines and promotes best practice in
science-based target setting and independently assesses companies’
targets.
ABOUT REXEL GROUPRexel,
worldwide expert in the multichannel professional distribution of
products and services for the energy world, addresses three main
markets: residential, commercial, and industrial. The Group
supports its residential, commercial, and industrial customers by
providing a tailored and scalable range of products and services in
energy management for construction, renovation, production, and
maintenance. Rexel operates through a network of over 1,900
branches in 24 countries, with more than 26,000 employees. The
Group’s sales were €14.7 billion in 2021.Rexel is listed on the
Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN
code FR0010451203). It is included in the following indices: CAC
Next 20, SBF 120, CAC Large 60, CAC AllTrade, CAC AllShares, FTSE
EuroMid, and STOXX600. Rexel is also part of the following SRI
indices: FTSE4Good, Dow Jones Sustainability Index Europe, Euronext
Vigeo Europe 120 and Eurozone 120, STOXX® Global ESG Environmental
Leaders, and S&P Global Sustainability Yearbook 2022, in
recognition of its performance in terms of Corporate Social
Responsibility (CSR). For more information, visit
www.rexel.com/en.
CONTACTS
FINANCIAL
ANALYSTS/INVESTORS
Ludovic
DEBAILLEUX |
+33 1 42 85 76
12 |
ludovic.debailleux@rexel.com |
PRESS
Sara DU
REAUBrunswick: Thomas KAMM |
+33 6 60 31 77
72+33 1 53 96 83 92 |
sara.dureau@rexel.comtkamm@brunswickgroup.com |
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