SBTi validates Wolters Kluwer near-term emission reduction targets
01 Dezember 2023 - 11:00AM
PRESS RELEASE
SBTi validates Wolters Kluwer near-term
emission reduction targets
Alphen aan den Rijn – December 1, 2023 –
Wolters Kluwer today announced that the Science Based Targets
initiative (SBTi) has approved its near-term science-based
emissions reduction targets.
Wolters Kluwer is committed to minimizing its impact on the
environment, in line with the COP21 Paris Agreement and the COP26
Glasgow Climate Pact on limiting global warming. The company also
committed earlier in 2023 to set long-term emission reduction
targets with the SBTi in line with reaching net-zero by 2050.
“SBTi validation of our greenhouse gas (GHG) emissions reduction
targets provides clear goals, as we commit to minimizing our
environmental footprint,” said Nancy McKinstry, CEO and Chair of
the Executive Board, Wolters Kluwer. “As a company with market
leading ESG solutions, within our Corporate Performance and ESG
division, we are committed to reducing the environmental impact of
our own operations and value chain, while delivering sustainable
growth for our stakeholders.”
SBTi is a collaboration between CDP, the United Nations Global
Compact, World Resources Initiative (WRI) and the World Wide Fund
for Nature (WWF). The SBTi defines and promotes best practices in
science-based target setting, offers resources and guidance to
reduce barriers to adoption, and independently assesses and
approves companies’ targets. It is the global Net-Zero Standard for
corporate climate action.
Based on the company’s GHG assessment, Wolters Kluwer has
developed abatement plans to reduce GHG emissions in line with a
pathway to limit global warming to 1.5°C. The validated emissions
reduction targets are:
- Reduce absolute scope 1 and 2 GHG
emissions 50% by 2030 from a 2019 base year
- Reduce absolute scope 3 GHG
emissions 30% by 2030 from a 2019 base year.
The company’s scope 1 and 2 GHG emissions reduction target is
mainly related to energy consumption from its offices, and the
scope 3 GHG emissions reduction target covers value chain emissions
from purchased goods and services, capital goods, upstream
transportation and distribution, business travel and employee
commuting.
Efforts to reduce scope 1 and 2 GHG emissions include reducing
the company’s organic office footprint and moving to renewable
electricity. Decarbonization of Wolters Kluwer’s supply chain will
be key to reduce scope 3 emissions, implying a greater focus on
engaging with suppliers. Over the coming years, the company will
implement additional initiatives to reduce its scope 1, 2 and 3 GHG
emissions in line with these targets, while continuing to inform
stakeholders of progress in its Annual Reports.
A breakdown of scope 1, 2 and 3 GHG emissions for base year 2019
is available in Wolters Kluwer’s 2022 Annual Report (pages 51-56).
Through its membership of The European Round Table for Industry,
Wolters Kluwer is also a signatory of the CEO Climate Action
Statement endorsed by CEOs and Chairs of leading global companies,
available here.
# # #
About Wolters Kluwer Wolters Kluwer (EURONEXT:
WKL) is a global leader in information, software, and services for
professionals in healthcare, tax and accounting, financial and
corporate compliance, legal and regulatory, and corporate
performance and ESG. We help our customers make critical decisions
every day by providing expert solutions that combine deep domain
knowledge with specialized technology and services.
Wolters Kluwer reported 2022 annual revenues of €5.5 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 20,900
people worldwide. The company is headquartered in Alphen aan den
Rijn, the Netherlands.
For more information, visit www.wolterskluwer.com, follow
us on LinkedIn, Facebook, and YouTube.
Media Paul LyonSenior Director, External
CommunicationsGlobal Branding & CommunicationsWolters
KluwerTel: +44 20 3197 6586Paul.Lyon@wolterskluwer.com
Rene StruijsExternal CommunicationsWolters KluwerTel: +31 6
21616604Rene.Struijs@wolterskluwer.com
Investors/Analysts Meg Geldens Vice President,
Investor Relations Wolters KluwerTel: +31 (0)172-641-407
IR@wolterskluwer.com
- 2023.112.01 SBTi validates Wolters Kluwer near-term emission
reduction targets
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