Introduction:
In a significant leap towards environmental stewardship, the iliad Group has recently achieved two major milestones in its Climate Plan. With the validation of its carbon reduction pathway by the Science Based Targets initiative (SBTi) and the signing of three new Power Purchase Agreements (PPAs) across its operational geographies, the Group is setting a new standard for corporate social responsibility in the telecom sector.
Expanding Renewable Energy Footprint
The iliad Group's commitment to sustainability is evident in its latest endeavor to sign three new PPAs with ENGIE and Statkraft. These agreements aim to bolster the creation of new renewable energy capacity in France, Italy, and Poland, aligning with the Group's goal to significantly reduce its carbon emissions. By 2025, these PPAs are expected to cover 13% of the Group's direct energy consumption, showcasing a proactive approach to embracing green energy.
SBTi Validation: A Testament to Ambition
The iliad Group's carbon reduction pathway has received the stamp of approval from the SBTi, affirming its ambitious targets to cut greenhouse gas emissions. The Group pledges to reduce its Scope 1 and 2 emissions by 60% by 2030 and 90% by 2050 from a 2022 base year. This validation not only highlights the Group's dedication to fighting climate change but also sets a benchmark for other corporations to follow suit.
Collaborative Efforts for a Greener Future
The partnerships with ENGIE and Statkraft underscore the importance of collaboration in achieving sustainability goals. These alliances not only support the development of renewable energy projects but also ensure that the electricity sourced is environmentally friendly, as evidenced by the EKOenergy certification of the solar farms. The iliad Group's efforts exemplify how corporations can play a pivotal role in fostering a sustainable future.
Conclusion:
The iliad Group's recent achievements in its Climate Plan are a testament to its unwavering commitment to sustainability. By expanding its renewable energy portfolio and securing validation from the SBTi, the Group is not only reducing its environmental impact but also leading by example in the telecommunications industry.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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