Vision &
Strategies

In line with the Group’s commitment made in 2022, the Group’s science-based targets across Scopes 1, 2 and 3 have been approved by the SBTi, joining 10,000+ companies worldwide in committing to carbon reduction goals. This significant milestone highlights our dedication to reducing our environmental impact and aligning with international best practices.

The SBTi is a collaborative effort involving the United Nations Global Compact (UNGC), the World Resources Institute (WRI), Carbon Disclosure Project (CDP), and the World Wide Fund for Nature (WWF). It provides a framework for businesses to set science-based targets consistent with the Paris Agreement.

Near-term targets: The Group commits to reduce absolute scope 1 and 2 GHG emissions 42% by FY2030 from a FY2021 base year, and also commits to reduce absolute Scope 3 GHG emissions from capital goods, use of sold products, and investments 25% within the same timeframe.

Long-term targets: The Group commits to reduce absolute scope 1 and 2 GHG emissions 90% by FY2050 from a FY2021 base year. The Group also commits to reduce absolute scope 3 GHG emissions from capital goods, fuel- and energy-related activities, use of sold products, downstream leased assets, and investments 90% within the same timeframe.

Overall net-zero target: The Group commits to reach net-zero greenhouse gas emissions across the value chain by FY2050.

In 2025, we remained firmly on track to meet our science-based targets:

– Reduced absolute Scope 1 and 2 greenhouse gas emissions by 8% (compared to the 2021 baseline)

– Reduced absolute Scope 3 greenhouse gas emissions from capital goods, use of sold products, and investments by 25% (compared to the 2021 baseline)

– Reduced absolute Scope 3 greenhouse gas emissions from capital goods, fuel- and energy-related activities, use of sold products, downstream leased assets, and investments by 26% (compared to the 2021 baseline)