AVEVA in world’s first 50 companies to have net-zero target validated by science based targets initiative

AVEVA in world’s first 50 companies to have net-zero target validated by science based targets initiative

Dubai, UAE – AVEVA, a global leader in industrial software, driving digital transformation and sustainability, has become one of the world’s first companies in its sector to have its net-zero commitments validated by the Science Based Targets initiative (SBTi).

Issued in October 2021, the SBTi’s Corporate Net-Zero Standard, sets out clear requirements for companies to ensure their goals align with the requirements of the international scientific community to decarbonize and limit global warming to 1.5°C.

AVEVA has committed to:

- maintain at least 90% absolute scope 1 and 2 greenhouse gas (GHG) emission reductions post FY2030 and to reduce absolute scope 3 GHG emissions 90% by FY2050 (from a FY2020 base year)

- increase annual sourcing of renewable electricity to 100% in the next eight years and reduce absolute scope 3 GHG emissions 50% by the same time frame

Peter Herweck, CEO of AVEVA, said: “I am proud that AVEVA is one of the first 50 companies globally to have our net-zero targets validated as being fully aligned with what climate science requires to fight climate change. It is important to lead by example on climate action. Our core business is software that helps global industries drive responsible use of the world’s resources but how