Rockwell's (NYSE:ROK) net-zero science-based greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi), a globally recognized authority on corporate climate action.
Rockwell confirmed Thursday it is committed to achieving net-zero greenhouse gas emissions across its value chain by FY2050.
Near-term target:
Rockwell is committed to reduce absolute scope 1 and 2 GHG emissions by 55% by FY2033 from the FY2024 base year. The company also commits to reducing absolute scope 3 GHG emissions by 33% within the same timeframe.
Long-term target:
Rockwell is committed to reduce absolute scope 1 and 2 GHG emissions by 90% by FY2050 from a FY2024 base year. The company also commits to reducing absolute scope 3 GHG emissions by 90% within the same timeframe.
“The SBTi is a corporate climate action organization,” read this morning’s news release, “that develops standards, tools, and guidance that allow companies to set GHG emissions reductions targets in line with what is needed to reach net-zero by 2050. With this guidance, Rockwell is taking meaningful steps to reduce its environmental impact and contribute to a more sustainable future.”
ROK shares shed $1.10, to near noon hour EDT at $453.89.
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