2024-10-31 17:07:00
Vantiva is now increasing its goal of achieving zero greenhouse gas emissions across its value chain by 2040
Vantiva (Euronext Paris: VANTI), a global technology leader that enables network operators to connect consumers worldwide, today announced that the Science Based Targets Initiative (SBTi) has confirmed Vantiva’s science-based net zero target by 2050. SBTi has classified Vantiva’s target as being in line with the 1.5°C target for Scopes 1, 2 and 3. As a global leader in home gateways and set-top boxes, Vantiva recognizes the urgency of reducing its impact on the environment and has set a goal of achieving zero greenhouse gas emissions by 2040. Vantiva is preparing to submit its 2040 net zero targets to the SBTi for validation.
“Vantiva recognizes that the climate crisis requires immediate action. “That’s why we’re accelerating our efforts and committing to achieving net zero by 2040, now that the 2050 targets are confirmed,” said Olga Damiron, Chief People and Talent Officer, Executive Vice President of CSR and Corporate General Counsel Group. “This schedule reflects our proven performance and commitment to improving the environment and understanding the industry’s goals. We encourage our suppliers to align with climate science by committing to the science-based 1.5° Join the SBTi’s C target and also set their own net zero targets.”
- Science-based net zero targets approved by Vantivas: Overall net zero target: Vantiva is committed to zero greenhouse gas emissions across its value chain by 2050.
- Short term goal: Vantiva is committed to reducing absolute Scope 1 and 2 GHG emissions by 57% by 2027, from the base year of 2021. Vantiva is also committed to reducing GHG emissions from the use of products sold by 52% per product sold by 2030 Unit, starting from the base year 2021. In addition, Vantiva commits that 30% of its suppliers will meet science-based targets for the emissions of the goods and services they purchase by 2027.
- Long term goal: Vantiva is committed to reducing absolute Scope 1 and 2 GHG emissions by 90% by 2050, from a base year of 2021. Vantiva is also committed to reducing absolute Scope 3 GHG emissions by 90% within the same time frame.
The SBTi is a partnership between the CDP, the United Nations Global Compact (UNGC), the We Mean Business Coalition, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) that advances ambitious climate action by Allows companies to set science-based emissions reduction targets.
Contact:
Vantiva Press Relations
Thatcher+Co. for Vantiva
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**Interview with Olga Damiron, Chief People and Talent Officer of Vantiva**
**Editor:** Thank you for joining us today, Olga. Vantiva has recently accelerated its climate commitment by pledging to achieve zero greenhouse gas emissions across its value chain by 2040. Could you elaborate on what prompted this change?
**Olga Damiron:** Absolutely, and thank you for having me. The urgency of the climate crisis has never been clearer. As a technology leader, Vantiva recognizes that we have both the responsibility and the capability to make a substantial impact. Our decision to expedite our efforts from 2050 to 2040 aligns with the 1.5°C target set by the Science Based Targets Initiative (SBTi). It’s about ensuring that we are not only part of the solution but leading by example.
**Editor:** It’s impressive that you’re taking this initiative. What specific actions does Vantiva plan to implement to achieve this goal?
**Olga Damiron:** We’re taking a multifaceted approach. This includes optimizing our manufacturing processes to reduce emissions, investing in renewable energy, and enhancing the efficiency of our products. Additionally, we’re working closely with our suppliers to ensure they too align with climate science and set their own net zero targets. It’s essential that everyone in our value chain participates in this journey.
**Editor:** You’ve mentioned the role of suppliers. How crucial is their participation in achieving Vantiva’s net zero goal?
**Olga Damiron:** It’s absolutely critical. Our emissions don’t just come from our direct operations; they also arise from our supply chain. By engaging suppliers and encouraging them to commit to science-based targets, we create a multi-tiered approach to emissions reduction. This collaboration can significantly amplify our impact.
**Editor:** Now, regarding validation, you mentioned that Vantiva will submit its 2040 net zero targets to the SBTi. What does that process involve?
**Olga Damiron:** The validation process through the SBTi is rigorous. It ensures that our targets are ambitious yet achievable and in line with global climate benchmarks. We want to make sure that our commitments are credible and based on sound science. Once validated, it will not only reinforce our leadership in sustainability but also hold us accountable to our stakeholders.
**Editor:** what message do you want to convey to other companies regarding climate action?
**Olga Damiron:** I encourage other businesses to recognize the climate crisis as a critical challenge that requires immediate action. Aligning with science-based targets is not just good for the planet; it’s also smart for business. Sustainability can drive innovation and enhance brand reputation. Together, we can make a profound difference for our planet and future generations.
**Editor:** Thank you for your insights, Olga. It’s clear that Vantiva is committed not only to advancing technology but also to fostering a sustainable future.
