Broadstone has secured SBTi approval for its science-based emissions Scope 1 carbon reduction target of 50 per cent cut by 2032.
It has also pledged to use 100 per cent renewable electricity by 2030 and reduce Scope 3 emissions by 58 per cent by 2032. Broadstone has committed to increasing active yearly sourcing of renewable electricity from 63 per cent in 2023 base year to 100 per cent by 2030.
According to the most recent climate research, it is still possible to limit global temperature rises to 1.5°C. But, significant emissions reductions are required, reducing half of global emissions by 2030 and reaching net zero by 2050.
Broadstone chief executive officer Tony Gusmao says: “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.”
Broadstone sustainability lead and senior investment consultant Matthew Downey says: “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.”
