Commercial, Energy Efficiency, GHG Emissions - March 29, 2023
Vivendi’s Emissions Reduction Plan Approved By SBTi
Vivendi’s carbon reduction plan, which covers almost 70% of the content, media and communications group’s emissions, has been validated by Science-Based Targets (SBTi).
The Group’s decarbonization targets for Scopes 1 and 2 are aligned with the trajectory for limiting climate warming to 1.5°C and provide for a 71% reduction in these emissions by 2035 (compared to 2018).
In addition, Vivendi has committed to a 43% reduction by 2035 in absolute Scope 3 emissions related to the group’s business operations (including waste, business travel, and freight) and those linked to investments, and a 21% reduction in absolute Scope 3 emissions covering leased assets. The group also commits to ensuring that 85% of its suppliers by emissions will have science-based targets by 2026.
These commitments were validated by SBTi as Vivendi reported a 10% reduction in Scopes 1 and 2 GHG emissions in 2022 compared to 2021 with 37% of the electricity consumed by the Group across the world now generated from renewable sources.
“Validation of our targets by SBTi and the sharp improvement in our CDP score are proof of the progress we have made on the environmental front. This success is the result of our active Corporate Social Responsibility (CSR) policy, Creation for the Future, which we implemented at end 2020, and the efforts made by the Group and its different businesses. It is a collective approach which I wholeheartedly applaud,” said Yannick Bolloré, Chairman of Vivendi’s Supervisory Board in a statement.