In the UK, Virgin is delighted to confirm that our net-zero target has been approved by the Science Based Target initiative (SBTi). Reporting under Virgin Holdings Limited, this is a key milestone as part of the Group’s long-term ambition in Changing Business for Good. This validation confirms that Virgin’s climate targets are aligned with what the science demands: rapid, deep cuts to emissions that help limit global temperature rise.
Here’s what Virgin has committed to:
· Reaching net-zero GHG emissions across its value chain by 2050.
· Reducing absolute scope 1 and 2 GHG emissions 50% by 2030 (from a 2023 base year).
· Reducing absolute scope 1, 2 and 3 GHG emissions by 90% by 2050 (from a 2023 base year).
· Ensuring 68% of its Virgin companies; by emissions, will have science-based targets by 2029.
