Flutter commits to reach net-zero greenhouse gas emissions across its value chain by 2035, with targets approved by the Science Based Targets initiative.
Flutter Entertainment Plc (“Flutter”) is proud to announce that the Science Based Targets initiative (“SBTi”) has formally approved its near and long-term science-based emissions reduction targets (see here). The SBTi has also verified Flutter’s net-zero science-based target by 2035.
Flutter’s net-zero target conforms with the SBTi Corporate Net Zero Standard and has been classified to be in line with a 1.5°C trajectory, aligning to the levels required to meet the goals of the Paris Agreement.
Our Scope 1, 2 and 3 targets approved by the SBTi are as follows:
- Overall Net-Zero Target:Flutter commits to reach net-zero greenhouse gas (“GHG”) emissions across the value chain by 2035. This is broken down as follows:
- Near-Term Targets: Flutter commits to reduce absolute scope 1 and 2 GHG emissions 45% by 2030 from a 2022 base year. Flutter also commits to reduce absolute scope 3 GHG emissions 45% within the same timeframe.
- Long-Term Targets: Flutter commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2035 from a 2022 base year. Flutter also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.
We will provide regular reporting on progress against these targets, in addition to our approach to managing our climate-related risk and opportunities.
Flutter’s Group Director of Sustainability and Regulatory Affairs, Sue Albion, said: “At Flutter, we are committed to playing our part in moving toward environmental sustainability, for the health of our planet and the future success of our business. Around the world, our brands are taking steps to track their carbon footprint and reduce emissions, and we're collaborating with partners across our supply chain to support them to do the same. Setting clear, science-based targets and holding ourselves accountable to deliver against them is a key part of this journey."
We plan to reach net-zero emissions by prioritizing the reduction of our own (direct) emissions, uniting our colleagues, and equipping them with the tools, knowledge, and resources to drive action as fast as possible. As we reduce our own operational emissions, we are also committed to leading change across our sector; working with our suppliers in our value chain, business partners, and peers to encourage them to do the same. By working together, we can change the game for good.
To bring this approach together, our Go Zero Plan – part of our sustainability strategy, the Positive Impact Plan – outlines six action areas that prioritise and direct our efforts on those activities where we can make the biggest difference and have the greatest impact on our emissions reduction. Where we cannot eliminate emissions, as a last resort, we will invest in high quality carbon removal projects to neutralise all residual emissions in line with SBTi criteria. Together, these action areas form our roadmap to achieve net zero.
For more information, please contact corporatecomms@flutter.com
Sign up to email alerts here.
About the Science Based Targets initiative (SBTi)
The SBTi is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.
