Our Commitment to Net-Zero Future
We proudly announce that the Science Based Targets initiative (SBTi) has assessed and approved our company's Near-Term and Net-Zero targets. This recognition reaffirms our dedication to ambitious, science-based climate action aligned with global efforts to limit temperature rise to 1.5°C.
A Milestone in Our Sustainability Journey
Our targets have been approved at the most ambitious designation available through the SBTi process. Following a rigorous evaluation process, the SBTi has confirmed that our targets meet the SBTi's Net-Zero Standard Criteria and Near-Term Target Criteria and Recommendations. This approval demonstrates our commitment to reducing greenhouse gas (GHG) emissions in line with the latest climate science. Research published in 2024 revealed that only 14% of FTSE250 companies have this SBTi accreditation, making us one of a few select companies to have achieved this milestone.
Our Targets at a Glance:
Volution Group PLC commits to reach net-zero greenhouse gas emissions across the value chain by FY2050.
- Near-Term Targets: Focused on achieving significant emissions reductions in the next 5-10 years, leading to absolute scope 1 and 2 GHG emissions 63% by FY2034 from a FY2023 base year.* Volution Group PLC also commits to reduce absolute scope 3 GHG emissions 58.8% within the same timeframe.
- Net-Zero Targets: A long-term strategy to fully decarbonize our operations and value chain, Volution Group PLC commits to reduce absolute scope 1 and 2 GHG emissions 90% by FY2050 from a FY2023 base year.* Volution Group PLC also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.*
Volution Group plc Scope 1, 2 & 3 Strategies
- Scope 1: Direct emissions reduction through energy-efficient operations, fleet electrification, and transitioning to low-carbon fuels.
- Scope 2: Commitment to 100% renewable electricity sourcing and enhanced energy management across all sites.
- Scope 3: Comprehensive value chain decarbonization, supplier engagement initiatives, and development of circular economy principles to minimize indirect emissions, along with focused product development reducing their operating emissions.
Driving Meaningful Change
Achieving these targets requires action at every level of our organization. We continue to find new solutions, operational efficiencies, and partnerships to accelerate our transition to a low-carbon future.
Transparency & Accountability
We believe in openly sharing our progress and will continue to report on our advancements toward these targets. This approval from the SBTi strengthens our commitment to responsible corporate leadership in the fight against climate change.
Together, we are shaping a more sustainable and resilient future.
*The target boundary includes land-related emissions and removals from bioenergy
