Applied Materials Gets Validation From Science Based Targets initiative (SBTi) For Its Science-based Scope 1, 2 And 3 Emissions Reduction Targets; Company Commits To Reduce Absolute Scope 1 and 2 GHG Emissions 50% By FY2030 From FY2019 Base Year
Portfolio Pulse from Benzinga Newsdesk
Applied Materials, Inc. has received validation from the Science Based Targets initiative (SBTi) for its science-based emissions reduction targets. The company has committed to reducing its absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 50% by fiscal year 2030, using fiscal year 2019 as the base year.
December 01, 2023 | 12:41 pm
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POSITIVE IMPACT
Applied Materials has its emissions reduction targets validated by SBTi, aiming for a 50% reduction in Scope 1 and 2 GHG emissions by FY2030 from FY2019.
The validation by SBTi enhances Applied Materials' reputation as a responsible corporate entity committed to sustainability, which can positively influence investor perception and potentially attract ESG-focused investors. This may lead to a positive short-term impact on the stock price, although the actual financial implications of the emissions reduction efforts are longer-term in nature.
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