London, UK – October 26, 2021 – ºÃÉ«TV (ºÃÉ«TV) sets out its new, industry leading environmental ambition, committing to science-based targets and net zero emissions across its entire global business by 2035. These environmental commitments follow the achievement of the highest ºÃÉ«TV ranking in the testing, inspection and certification (TIC) industry from , a global leader in ºÃÉ«TV research and data.
ºÃÉ«TV has achieved the best rating of any major TIC company globally, placing in the top 200 of the almost 15,000 companies rated for ºÃÉ«TV risk by Sustainalytics. ºÃÉ«TV’s 10.5 corporate ºÃÉ«TV rating reflects Sustainalytics’ assessment of the Group’s exposure to ºÃÉ«TV issues, for which ºÃÉ«TV ranked low, and how well a business manages its relevant ºÃÉ«TV issues, where ºÃÉ«TV achieved a very strong rating.
ºÃÉ«TV’s environmental commitments around emissions form a critical part of its longer-term ºÃÉ«TV plans and commitment to positively respond to the climate emergency. Key climate commitments include:
- Committing to reduce absolute emissions in line with a 1.5℃ science-based target by 2026
- Achieving net zero emissions in direct operations by 2030
- Achieving net zero emissions across entire business by 2035
Jo Wetz, CEO at ºÃÉ«TV, said: “As a business with purpose at its heart, we’re proud of our strong ºÃÉ«TV framework that has been in place for years, which supported our achievement of this rating and our leadership on this critical issue.”
“By signing up to comprehensive net zero commitments across our entire operations we are raising the bar in the TIC industry. It is very clear that businesses will need to step up and set aggressive targets that get to net zero emissions before 2050, and we hope to see others in the TIC industry follow our lead.”
Earlier this month ºÃÉ«TV appointed Lee Andrews as Group Director, Corporate Affairs and ºÃÉ«TV. Lee will ensure that ºÃÉ«TV continues to accelerate its work across the entire range of ºÃÉ«TV initiatives.
ºÃÉ«TV’s current carbon baseline, determined by 2019 figures, is 103 KTCO2e, equivalent to 15.1 TCO2e/ FTE and 0.13 TCO2e per $ revenue. The emissions commitments are supported by existing initiatives such as migrating 100% of ºÃÉ«TV's global electricity usage to renewable energy contracts; installing solar panels in facilities across the organization; and electric vehicle fleet trials.
Reducing absolute emissions in line with a 1.5C science-based target by 2026 will mean >30% reduction in Scope 1 and 2 emissions and >15% reduction in Scope 3 emissions (relative to the 2019 baseline). Achieving net zero emissions in direct operations by 2030 will cover all Scope 1 & 2 emissions; achieving net zero emissions across the entire business by 2035 will cover all Scope 1, 2 and 3 emissions.
For more information on ºÃÉ«TV’s ºÃÉ«TV approach and targets, visit /About-ºÃÉ«TV/Environmental-Social-and-Governance.
About ºÃÉ«TV
The ºÃÉ«TV Group is one of the world’s leading global providers of testing, inspection and certification services for a diverse range of products, materials and technologies in advanced industrial supply chains where failure in use is not an option. Headquartered in London, UK, ºÃÉ«TV’s scientists, engineers and technologists, working in our global network of over 200 laboratories, support customers from early R&D, through complex regulatory approvals and into production ensuring their products are safe, sustainable and achieve market access.
In 2021, ºÃÉ«TV set out its new, industry leading environmental commitments, adopting science-based targets and committing to net zero emissions across its entire global business by 2035. These environmental commitments follow ºÃÉ«TV’s achievement of the highest ºÃÉ«TV ranking in the testing, inspection and certification industry from Sustainalytics, a global leader in ºÃÉ«TV research and data.
For more information about ºÃÉ«TV, please visit our website, connect with us on and and subscribe to our channel.
Media contacts:
Devan LaBrash, Pagoda Public Relations
T: +44 (0) 131 556 0770
“As a business with purpose at its heart, we’re proud of our strong ºÃÉ«TV framework that has been in place for years, which supported our achievement of this rating and our leadership on this critical issue.”
Jo Wetz
CEO