Broadstone has had its near-term, science-based emissions reduction targets approved by the Science Based Targets Initiative (SBTI).
The SBTI is a corporate climate action organisation that enables companies and financial institutions worldwide to play their part in combating the climate crisis.
Broadstone has committed to the following targets:
- Reduce scope 1 GHG emissions 50.4% by FY2032 from a FY2023 base year
- Increase active annual sourcing of renewable electricity from 63% at FY2023 base year to 100% by FY2030
- Reduce scope 3 GHG emissions from fuel and energy-related activities, business travel and employee commuting 58.1% per full time equivalent employee (FTE) by FY2032 from a FY2023 base year
Tony Gusmao, CEO of Broadstone, said: “Delivering sustainable outcomes is core to Broadstone’s mission of empowering people’s prosperity.
“The science-based approval of our carbon emission reduction targets is evidence of our commitment to driving positive change across our business and for our clients.
“We aim to lead our sector in measuring, offsetting and cutting our emissions to reduce our impact on the environment we need to protect.”
Matthew Downey, senior investment consultant and Broadstone sustainability lead, added: “The approval of our SBTI targets validates our strategy of tracking, tackling and reducing our impact on the environment.
“It demonstrates that our strategy is in line with global efforts to limit global temperature rises and we look forward to delivering against these objectives.”