January 29, 2024

SBTI validates Técnicas Reunidas’ emissions reduction targets

écnicas Reunidas achieves a new milestone in its commitment to the environment, as its emissions reduction targets are validated by the Science Based Targets Initiative (SBTi).

SBTi is the result of a collaboration between the United Nations Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). SBTi was established in 2015 to assist companies in setting emissions reduction targets in line with climate science and the goals of the Paris Agreement, and it is the global reference entity for emissions control. The approval of our targets by this entity represents recognition of our performance in Sustainability, as SBTi has particularly appreciated Técnicas Reunidas’ technical expertise and strategic approach in assisting its clients in developing their own decarbonization activities and capabilities.

Furthermore, with this recognition, Técnicas Reunidas joins an exclusive group of companies selected by SBTi, none of which are its peers, thus providing a boost in Sustainability and business for the Company.

The emissions reduction established as a climate target by Técnicas Reunidas includes scopes 1, 2, and 3, and involves reducing its emissions by more than 40% by 2030 and achieving Net Zero by 2040, using 2019 as the base year. These climate targets prepare the company for secure business growth in the future, driving innovation and sustainability. Therefore, SBTi validation promotes investor confidence and fosters customer trust.

Validation by SBTi implies that TR’s objectives are considered ambitious and in line with scientific recommendations to keep global temperature rise within safe limits. Moreover, this approval implies that the company’s established objectives are backed by science and contribute significantly to climate change mitigation, demonstrating the company’s commitment and seriousness towards environmental impact.

Currently, the Company has made progress towards achieving these objectives and plans to implement additional actions to ensure full compliance within the established timelines.

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