Flutter Entertainment Plc and the Science-based Targets Initiative
Flutter Entertainment Plc has announced that the Science Based Targets Initiative (SBTi) has formally approved its short- and long-term science-based emission reduction targets. Furthermore, the SBTi confirmed Flutter’s net-zero science-based aim for 2035.
Net-Zero Target and the Paris Agreement
Flutter’s net-zero ambition is consistent with the SBTi Corporate Net Zero Standard and follows a 1.5°C trajectory, in line with the Paris Agreement’s objectives. SBTi’s approved Scope 1, 2, and 3 targets are listed below:
Overall Net-Zero Goal: Flutter aspires to achieve net-zero greenhouse gas (“GHG”) emissions across the value chain by 2035. This includes the following breakdown.
Flutter aims to cut absolute scope 1 and 2 GHG emissions by 45% by 2030, starting with a base year of 2022. Additionally, Flutter intends to reduce absolute scope 3 GHG emissions by 45% within the same timeframe.
Long-Term Goals: Flutter pledges to reduce absolute scope 1 and 2 GHG emissions by 90% by 2035, starting from a 2022 baseline. Similarly, Flutter aims to reduce absolute scope 3 GHG emissions by 90% within the same timeframe.
Flutter agrees to publish regular updates on their progress toward these goals, as well as their strategy for managing climate-related risks and opportunities.
Flutter’s Sustainable Initiatives
Sue Albion, Flutter’s Group Director of Sustainability and Regulatory Affairs, commented, “At Flutter, we are committed to promoting environmental sustainability for the benefit of our world and the long-term prosperity of our company. Our global brands are actively analyzing their carbon footprint and taking steps to minimize emissions. We are also cooperating with our supply chain partners to assist them reach similar objectives. Setting transparent, science-based targets and maintaining accountability for meeting them is critical to our sustainable path.”