Princes Ltd. Receives SBTi Validation for Net Zero Targets
Princes Ltd., a subsidiary of our Group, has received official validation from the Science Based Targets initiative (SBTi) for its greenhouse gas emissions reduction targets, aligned with the path towards achieving net zero emissions by 2050.
The company has set an ambitious plan to reduce absolute Scope 1, 2, and 3 emissions from energy use and industrial activities by 50.4% by 2032, compared to 2022 levels. The long-term vision includes a 90% reduction of these same emissions by 2050.
“With these ambitious targets, we are taking decisive action to combat climate change and ensure a sustainable future,” said David McDiarmid, Corporate Relations Director of Princes Ltd. “Environmental, social and corporate governance (ESG) is fundamental to our business, never seen as a project or undertaken for the sake of compliance, but because we know it’s the right thing to do.”
The SBTi recognition represents a significant step forward for us and confirms the concrete approach we take every day towards responsible growth.