Commercial, Energy Efficiency, GHG Emissions  -  December 6, 2023

Russell Reynolds Associates Commits to 55% Cut in Business Travel Emissions

Russell Reynolds Associates, a global leadership advisory firm, announced that the Science Based Targets initiative (SBTi) validated its goals to achieve net-zero GHG emissions across its value chain by 2050.

RRA's emissions reduction targets commit the firm to reducing absolute GHG Scope 1 and 2 emissions by 50% by 2030 and to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2050—both compared to 2019 baseline figures.

SBTi validated additional near-term targets for RRA, which include a commitment to reduce Scope 3 GHG emissions from business travel by 55% per full-time employee equivalent by 2030, as well as a commitment that 30% of suppliers (by emissions, in selected categories) will set their own science-based target commitments to reduce GHG emissions by 2027.

"It will take bold action to move the needle on climate change, which is why we've committed to achieving net-zero GHG emissions by 2050, compared to 2019 base figures," said Constantine Alexandrakis, President and CEO at Russell Reynolds Associates, in a statement. "To have these ambitious targets validated by the SBTi is an important milestone in our ongoing journey toward sustainable business practices. We can now move forward with the confidence that our actions are aligned with the goals of the Paris Agreement and that we're playing our part to protect the future of our planet."