SBTI Approves Montagu Evans’ Net Zero Targets

Montagu Evans is proud to announce that the Science Based Targets initiative (SBTi) has approved our net-zero targets validated under the SBTi Corporate Net Zero Criteria Standard. This marks a significant step in our ongoing commitment to climate action and reduce the environmental impacts of our business activities.

SBTi provides the only framework for corporates to set verifiable net-zero targets in line with climate science. This approval aligns us with the ambitious goal of reaching net zero emissions by 2050, in accordance with the Paris Agreement goal of limiting global warming to 1.5 °C.

Our targets include:

Near-term science-based targets

• Reducing our absolute scope 1 and 2 emissions 42% by 2030 from a FY 2024 base year.
• Reducing our absolute scope 3 emissions 25% within the same timeframe.

Long-term science-based targets (net zero targets)

• Reducing our absolute scope 1 and 2 emissions 90% by 2050 from the 2023/24 base year.
• Reducing our absolute scope 3 emissions 90% within the same timeframe.

Next steps

By joining the growing number of companies with SBTi-approved targets, Montagu Evans is positioning its business strategy with global efforts to decarbonise the economy. Furthermore, it also demonstrates Montagu Evans’s climate leadership.

Montage Evans will publish its annual footprint, actions taken and progress towards meeting its net zero science-based targets with its annual Corporate Responsibility Report. This demonstrates our net zero commitment and encourages our stakeholders to kick-start their decarbonisation, which is crucial for limiting global warming to 1.5°C.

We have developed and published a carbon reduction plan showcasing our actions to achieve net zero emissions. Now that our science-based targets are validated, we will be updating and revising the plan to align with these targets by the end of this year.