TomTom Achieves Validation of Its Emission Reduction Targets by the SBTi
Mapping and location technology specialist TomTom has announced that its short-term and long-term greenhouse gas emission reduction targets have been validated by the Science Based Targets initiative (SBTi). This validation confirms that the company's decarbonization trajectory is aligned with the latest climate science data.
Strategic Climate Goals
As part of its climate strategy, TomTom aims to achieve carbon neutrality by 2040, which is ten years ahead of the global 2050 deadline set by the Paris Agreement, according to the statement. This validation by the SBTi marks a significant step in the company's long-term commitment to environmental management. It is part of the group's broader sustainability strategy and supports the principles outlined in its environmental policy. The validation enhances the company's accountability to reduce emissions across its value chain and its commitment to transparent, science-aligned climate action, the group indicates.
Validated Objectives Supported by Decarbonization Plan
The validated targets are supported by TomTom's decarbonization plan, which includes several concrete actions, according to the statement. These include streamlining office spaces and improving energy efficiency, electrifying the company's vehicle fleet, and purchasing renewable electricity. TomTom's approach to climate action is based on the belief that long-term value creation must go hand in hand with reducing environmental impact, the company specifies. The sustainability strategy aims not only to reduce emissions but also to build a culture of environmental awareness, engage with stakeholders, and openly communicate about progress, challenges, and next steps.
Joining a Global Network of Climate-Committed Companies
With this validation, TomTom joins a global network of companies whose climate commitments are supported by the SBTi, one of the most respected frameworks in the world for corporate decarbonization, according to the statement. The Science Based Targets initiative is an organization specialized in corporate climate action that develops standards, tools, and guidance to help companies and financial institutions set greenhouse gas emission reduction targets in line with the latest climate science data. The initiative was established by the Carbon Disclosure Project, the United Nations Global Compact, the World Resources Institute, and the World Wildlife Fund. More details on TomTom's climate initiatives are available in its latest annual report, the group indicates.
