RCS - RWS Holdings PLC - SBTi validates commitment to emission reduction

RWS HoldingsAnnouncement

18/06/2024 07:00

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RNS Number : 7746S  RWS Holdings PLC  18 June 2024

For immediate
release
                         18 June 2024

 

 

RWS Holdings plc

Science Based Targets initiative validates RWS's commitment to reduce carbon
emissions

 

Achievement signifies milestone in RWS's sustainability journey

 

RWS Holdings plc ("RWS"), a unique, world-leading provider of
technology-enabled language, content and intellectual property solutions,
announces that its near-term science-based emissions reduction target has been
approved by the Science Based Targets initiative (SBTi). The approval is a key
milestone in RWS's sustainability journey.

 

In 2022 RWS took measures to enhance the accuracy of its carbon footprint by
improving data collection and greenhouse gas (GHG) emissions to include both
its operations and supply chain and has now committed to setting carbon
reduction targets which are aligned with the SBTi.

 

The SBTi is a corporate climate action organisation that enables companies and
financial institutions worldwide to play their part in combatting the climate
crisis. Its standards and tools allow companies to set targets for the
reduction of GHG emissions.

 

In February 2024 RWS submitted two GHG inventories for review by the SBTi
Target Validation Team. The SBTi Target Validation team classified RWS's scope
1 and 2 target ambition and has determined that it is in line with the 1.5°C
trajectory (i.e. it is aligned with a rate of decarbonisation that is
consistent with keeping global temperature increases to 1.5°C compared to
pre-industrial temperatures). SBTi also notes in its report that RWS has
chosen to report on its emissions beyond the minimum disclosure requirement.

 

Near-term Targets

·    RWS commits to reduce its scope 1 and 2 GHG emissions by 54.6% by the
end of its financial year ending 30 September 2033 (FY33) from a FY22 base
year.

·    RWS also commits to reduce scope 3 GHG emissions from purchased goods
and services and employee commuting by 61.1% per million GBP value added
within the same timeframe.

 

Ian El-Mokadem, CEO of RWS, said: "The SBTi is the gold standard for defining
the pathway to reduce corporate greenhouse gas emissions and we're proud of
this recognition of our commitment.

 

"Sustainability is core to the way we operate and we will continue to ensure
that we're doing all that we can to combat the climate crisis."

 

More information:

 

Click here (https://www.rws.com/about/corporate-sustainability/) to learn more
about RWS's corporate sustainability policy and here to access
(https://sciencebasedtargets.org/target-dashboard) SBTi's website.

 

MHP (Financial PR
Advisor)
       rws@mhpgroup.com (mailto:rws@mhpgroup.com)

Katie Hunt / Eleni Menikou / Catherine Chapman
                               020 3128 8100

 
                07884 494112

RWS Corporate Communications

Denis Davies
 
 
ddavies@rws.com

 

 

 

About RWS

RWS Holdings plc is a unique, world-leading provider of technology-enabled
language, content and intellectual property services. Through content
transformation and multilingual data analysis, our combination of AI-enabled
technology and human expertise helps our clients to grow by ensuring they are
understood anywhere, in any language.

Our purpose is unlocking global understanding. By combining cultural
understanding, client understanding and technical understanding, our services
and technology assist our clients to acquire and retain customers, deliver
engaging user experiences, maintain compliance and gain actionable insights
into their data and content.

Over the past 20 years we've been evolving our own AI solutions as well as
helping clients to explore, build and use multilingual AI applications. With
45+ AI-related patents and more than 100 peer-reviewed papers, we have the
experience and expertise to support clients on their AI journey.

We work with over 80% of the world's top 100 brands, more than three-quarters
of Fortune's 20 'Most Admired Companies' and almost all of the top
pharmaceutical companies, investment banks, law firms and patent filers. Our
client base spans Europe, Asia Pacific, Africa and North and South America.
Our 65+ global locations across five continents service clients in the
automotive, chemical, financial, legal, medical, pharmaceutical, technology
and telecommunications sectors.

Founded in 1958, RWS is headquartered in the UK and publicly listed on AIM,
the London Stock Exchange regulated market (RWS.L).

For further information, please visit: www.rws.com
(https://protect.checkpoint.com/v2/___http:/www.rws.com___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzpkNjMwNGM3MGRjMTA4YjcyNjczNWI4NDRhMTNkZDBmZjo2OmE4MjA6ZDQ1N2RkNjBiYzRhMjBkYzM1NjQyYjRhOTVmZjU1MDMyMzE2ZmE5YzM3MjMwMGQ1ZGFlYjE0MTI0OTZlMDhmYzpwOlQ)
.

 

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