Commercial, Energy Efficiency, GHG Emissions  -  November 22, 2023

Keysight Technologies' Emission Goals Approved by SBTi

Keysight Technologies, Inc. announced that its near-term science-based targets (SBTs) were approved by the Science Based Targets initiative (SBTi). 

The design, emulation, and test solutions company commits to lowering absolute Scope 1 and 2 GHG emissions by 42% by fiscal year 2030 from a fiscal year 2021 base year. Keysight also commits that 73% of its customers, based on emissions covering use of sold products, will have science-based targets by fiscal year 2028. 

Keysight’s Scope 1 and 2 operational emissions reduction strategy includes energy reduction through efficiency and conservation measures, decarbonization of industrial processes and sourcing renewable electricity globally. 

In 2022, the company completed the first comprehensive calculation of its Scope 3 indirect emissions and identified the use of sold products category as the most significant. Keysight plans to work with its customers to provide guidance and support on setting SBTis to reduce emissions.

Keysight remains committed to achieving net zero GHG emissions in Scopes 1 and 2 by the end of fiscal year 2040. Keysight reports on its progress towards net zero emissions in the company’s annual Corporate Social Responsibility (CSR) Report.

“The private sector must take meaningful action to do its part in limiting global temperature rise to 1.5°C,” said Ingrid Estrada, Chief Administrative Officer and Chief of Staff at Keysight, in a statement. “By validating targets through the SBTi we are demonstrating our alignment with the latest climate science, meeting stakeholder expectations, strengthening business continuity and resilience, and engaging our value chain.”