Commercial, Energy Efficiency, GHG Emissions  -  December 18, 2024

Serco’s Net Zero Target Validated by SBTi

Serco, a provider of services and support to governments internationally,  announced it received validation from the Science Based Targets initiative (SBTi) for its GHG emission reduction targets.

In 2023, Serco announced its commitment to reach net zero emissions by 2050, and the company submitted its science-based targets in 2024.

Serco’s science-based targets for reducing emissions include the following:

Overall Net Zero Target

• Reach Net Zero GHG emissions across the value chain by 2050

Near-Term Targets

• Reduce Scope 1 and 2 GHG emissions by 46% by 2030 from a 2022 base year
• Reduce Scope 3 GHG emissions from fuel and energy-related and business travel by 25% by 2030 from a 2022 base year
• 95% of suppliers by emissions to have science-based targets in place by 2028

Long-Term Targets

• Reduce Scope 1 and 2 GHG emissions by 95% by 2050
• Reduce Scope 3 GHG emissions by 90% by 2050

“Validation of our targets by the SBTi marks an important milestone in our decarbonization journey,” said Mark Irwin, Serco Group Chief Executive, in a statement. “We are committed to our net zero goal and are increasing our efforts to deliver rapid and deep emissions reductions to support halving global emissions before 2030 and achieving net zero before 2050.“As the partner of choice to governments, Serco plays an important role in supporting our customers to tackle climate change. We will continue to work with our value chain partners on decarbonisation initiatives consistent with our purpose to impact a better future for People, Place and Planet.”