IGT Receives Validation of Net-Zero Emissions Reduction Targets from Science Based Targets initiative
Company earns validation for near- and long-term science-based targets to reduce greenhouse gas emissions
LONDON, Aug. 3, 2023 /PRNewswire/ — International Game Technology PLC (“IGT”) (NYSE: IGT) announced today that its near- and long-term science-based targets have been validated by the Science Based Targets initiative (“SBTi”). Additionally, the SBTi validated the Company’s commitment to reaching net-zero greenhouse gas (“GHG”) emissions across the value chain by 2050.
“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,” said Wendy Montgomery, IGT SVP, Marketing, Communications and Sustainability.“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.”
As its near-term targets, IGT commits to reduce absolute Scope 1 and Scope 2 GHG emissions by 50 percent by 2030, from 2019. The Company also commits to reduce absolute Scope 3 GHG emissions by 30 percent within the same timeframe.
Regarding its long-term science-based targets, IGT commits to reduce absolute Scope 1 and Scope 2 GHG emissions by 90 percent by 2050, from 2019. The Company also commits to reduce absolute Scope 3 GHG emissions by 90 percent within the same timeframe. IGT would then offset the residual 10% of emissions by 2050. Direct emissions reductions will be prioritized, and all residual emissions will be neutralized in line with SBTi criteria before reaching net-zero emissions.
The SBTi is a collaboration between CDP, the United Nations Global Compact (“UNGC”), World Resources Institute, World Wide Fund for Nature, and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets. IGT has been a member of the UNGC since 2017 and has strengthened its relationship with the UN by adopting nine of the 17 UN Sustainable Development Goals and aligning them with its sustainability strategy.
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 10,500 employees. For more information, please visit www.igt.com.
SOURCE: International Game Technology PLC.Tags: International Game Technology PLC (“IGT”), Net-Zero Emissions