Vontier Receives Science Based Targets Initiative Validation for Ambitious Emissions Reduction Targets, Including Its Newly Announced Scope 3 Goal
RALEIGH, N.C.–(BUSINESS WIRE)–Vontier Corporation (“Vontier”) (NYSE: VNT), a leading global provider of critical technologies and solutions to connect, manage and scale the mobility ecosystem, today announced that the Science Based Targets initiative (SBTi) has validated its near-term greenhouse gas (GHG) emissions reduction targets.
Vontier’s SBTi-approved targets:
- Reduction of absolute scope 1 and 2 GHG emissions 45% by 2030 from a 2020 base year
- Reduction of absolute scope 3 GHG emissions 25% by 2030 from a 2020 base year
The SBTi, a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI), World Wide Fund for Nature (WWF), and whose call to action is one of the We Mean Business Coalition commitments, is a global body that enables businesses to set ambitious emissions reduction targets in line with the latest climate science and the Paris Agreement’s goal of keeping planetary warming to 1.5°C. The SBTi has established a set of rigorous criteria that all targets must meet to be validated as science based.
“As we transform our portfolio to lead the energy transition across the mobility sector, Vontier is proud to join a growing list of SBTi-validated companies that are taking climate action,” said Mark Morelli, President and CEO of Vontier. “We continue to drive operational excellence to reduce emissions and innovate for a more sustainable mobility ecosystem.”
Vontier released its first annual 2022 ESG Report in November 2022 to provide an in-depth look at its ambitious goals and sustainability progress since launching in 2020 as an independent public company. Vontier’s guiding vision of accelerating smart, sustainable solutions for the road ahead provides the framework from which Vontier’s emissions reduction goals are derived.
“Vontier is committed to transparency and accountability when it comes to our own carbon emissions, and SBTi validation is a critical proof point of those commitments,” said Katie Rowen, Senior Vice President, Chief Legal and Administrative Officer at Vontier. “Our rigorous goal-setting, coupled with Vontier technologies that enable our customers to achieve their sustainability goals is a powerful combination that accelerates growth while protecting our planet.”
ABOUT VONTIER
Vontier (NYSE: VNT) is a global industrial technology company uniting critical mobility and multi-energy technologies and solutions to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves – delivering smart, safe and sustainable solutions to our customers and the planet. Vontier has a culture of continuous improvement built upon the foundation of the Vontier Business System and embraced by over 8,500 colleagues worldwide. Additional information about Vontier is available on the Company’s website at www.vontier.com.
Contacts
Ryan Edelman
Vice President, Investor Relations
Vontier Corporation
5438 Wade Park Blvd, Suite 600
Raleigh, NC 27607
Telephone: (984) 275-6000
