Schweiz- Seealpsee

SBTi: Wendel makes a commitment

Published : 05.09.2023
#Commitments, Engagements

On publishing its half-year results, Wendel announced that it had committed to setting Group-wide greenhouse gas emission reductions targets in line with with the latest advance in climate science and with the SBTi. Wendel’s targets will be submitted to the SBTi for approval by the end of 2023.

Wendel’s near-term targets will be set at two levels:

  • Greenhouse gas emissions from Wendel’s offices (scopes 1 and 2);
  • Greenhouse gas emissions from eligible companies(1) in Wendel’s portfolio, using the “portfolio coverage approach” from the SBTi guidelines (scope 3).

These targets are in addition to the SBTi commitments already approved for: Bureau Veritas, Constantia Flexibles, Stahl and Tarkett.

(1) “Eligible companies” are those in which Wendel holds more than 25% of the shares and 1 seat on the board of directors (or 15% of the shares for Wendel Growth companies) according to SBTi guidelines.

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The materials contained herein are not for general release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America, Australia, Japan, Canada or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. Access to the information and documents on this portion of the website is restricted for regulatory reasons. You are requested to review the following information and make the following confirmation each time you seek to access this restricted information. Your confirmation must be true and accurate.

The information contained in this section of the website of Wendel (the “Seller”) (a) is only intended for, and may only be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to persons resident and physically present outside the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the “United States”), Australia, Canada, or Japan, and resident and physically present in a jurisdiction where to do so will not constitute a violation of the local securities laws or regulations of such jurisdiction, and (b) does not constitute an offer to sell or the solicitation of an offer to buy or acquire any securities of the Bureau Veritas (the “Company”) in the United States, Australia, Canada, Japan, or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.

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