International Game Technology (IGT) has received validation for its green energy policies and initiatives from the Science Based Targets initiative (SBTi).
The company has pledged to achieve net-zero greenhouse gas emissions by 2050 as a long-term target. Near-time goals include a 50% reduction in Scope One and Scope Two and a 30% reduction in Scope Three emissions by 2030.
Further long term targets are a 90% reduction in all three emission types by 2050, whilst the company plans to offset the residual 10% emissions in this same timeframe, with cutting down on direct emissions a priority as well as neutralising residual emissions in line with SBTi criteria.
Wendy Montgomery, IGT SVP, Marketing, Communications and Sustainability, said: “Receiving this validation from the SBTi represents a milestone achievement for IGT as it reassures our stakeholders that we are committed to reaching net-zero GHG emissions.
“IGT’s science-based targets provide us with a clearly defined approach to reducing our GHG emissions and mitigating the impact of climate change, all while ensuring sustainable growth for our business.”
The SBTi is a joint initiative between the Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), World Resources Institute, World Wide Fund for Nature and the We Mean Business Coalition.
The organisation defines and promotes best practice in net-zero emission carbon setting, offers resources and guidance to achieve these goals and independently assess company targets.
IGT activities in this area have included a membership of the UNGC since 2017, adopting nine of the UN’s 17 Sustainable Development Goals as part of its sustainability strategy.
Late last year, the London-based firm received an ‘advanced’ rating on environmental, sustainable and government (ESG) from Moody’s ESG Solutions.