Energy Efficiency | Page 63

Avaya announced its emission reduction targets to reduce absolute Scope 1 and Scope 2 GHG emissions 50% by fiscal year 2030 from a fiscal year 2020 base year were approved by the Science Based Targets initiative (SBTi) in August 2023.

REI Co-Op, a specialty outdoor retailer, announced that the Science Based Target initiative approved the retailer's net-zero targets.

Advancion Corporation announced its 2030 goals aimed at reducing water, waste, energy and GHG intensity by 10%.

The Net Zero Forum Fall event once again gathered Smart Energy Decisions’ community of energy customers, suppliers, and industry experts to participate in educational sessions, 1:1 meetings, and networking opportunities, all with the goal of helping energy customers create and implement Net Zero and other sustainability strategies for their organizations.

Advanced Drainage Systems, Inc., a provider of water management solutions, continued progress toward establishing Science Based Targets to reduce absolute GHG emissions by 31% and toward a 16% reduction in emissions intensity in fiscal 2023.

Surge Energy US Holdings Company continued utilization of dual fuel completion fleets, which led to a reduction in GHG emissions of approximately 14,000 MT CO2e in 2021 and 2022.

The U.S. Department of Energy (DOE) announced $22 million in funding for 12 state-run programs to accelerate smart manufacturing at small- and medium-sized facilities.

Bacardi, a privately held international spirits company, announced the opening of its new Combined Heat & Power (CHP) system in Puerto Rico, which will lower GHG emissions of the BACARDÍ rum brand by half.

Financial sustainability for industries and companies will increasingly depend on their ability to successfully navigate emerging regulatory and market regimes targeted at incentivizing the net zero transition. In this World Economic Forum column, learn why success depends on companies’ ability to effectively report their product-embedded emissions through accurate, transparent and comparable GHG emissions data.