Thales Leads the Way on Sustainability

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by KnowESG,

Thales S.A.

KnowESG_Thales Leads the Way on Sustainability
Image courtesy of Thales

The CAC SBT 1,5° was launched in January 2023 by Euronext with the support of Amundi, the Carbon Disclosure Project (CDP), and the Science Based Targets initiative (SBTi). It meets investors growing demand for sustainable investment instruments.

The CAC SBT 1,5° regroups companies on the SBF 120 French stock market index whose greenhouse gas emissions reduction objectives have been recognised by the SBTi as being in line with the 1.5° target set by the Paris Agreement. It only includes companies that respect the United Nations Global Compact principles.

In March 2023, Thales’s climate objectives were approved by the SBTi. The Group has committed to reducing by 2030, in absolute terms, its operational greenhouse gas emissions (scope 1 and 2) by 50.4% and its emissions related to its supply chain and the use of the company’s products by its clients (scope 3) by 15%.

Thales's strategy for a low-carbon future was strengthened in 2021 around three main axes:

  • Accelerate the reduction of operations-related CO2 emissions (Scopes 1 and 2) by aiming for net zero by 2040;

  • Increase the engagement of the entire supply chain; and

  • Deploy eco-design for product innovation.

"This recognition by the financial community of our efforts to decarbonise our operations, as well as those of our suppliers and customers, testifies to the seriousness of our strategy for a low-carbon future. Furthermore, as a major global technology player, we know that we have a role to play in tackling the multiple challenges posed by climate change to individuals, states and economies."- Patrice Caine, CEO.

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Source: Thales

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