Rogers Net-Zero Targets Approved by SBTi

Rhea-AI Summary

Rogers has achieved a significant milestone as its net-zero greenhouse gas emissions targets received approval from the Science Based Targets initiative (SBTi), becoming the first national carrier in Canada to achieve this recognition. The company has already reduced scope 1 and 2 GHG emissions by 33% since 2019. Their action plan focuses on four key areas: increasing energy efficiencies, transitioning to electric fleet, expanding renewable energy, and engaging suppliers. Rogers aims to reduce absolute scope 1 and 2 emissions by 50% by 2030 and achieve net-zero emissions across all scopes by 2050, while ensuring 80% of suppliers set science-based targets by 2029.

TORONTO, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Rogers today announced its net-zero greenhouse gas (GHG) emissions targets have been approved by the globally recognized Science Based Targets initiative (SBTi).

“This is a significant milestone in our efforts to take meaningful action on climate change and help build a more climate-resilient Canada,” said Tony Staffieri, President and Chief Executive Officer, Rogers. “Greenhouse gas emissions are the most significant driver of climate change and Rogers will continue to deliver on our environmental commitments to reduce our impact on the planet.”

Rogers is the first national carrier in Canada to have approved science-based net-zero targets published by the SBTi. The global organization for corporate climate goals validates submitted targets and action plans to ensure they are in line with the Paris Agreement.  

The company’s action plan will aim to deliver on environmental commitments in four key areas: 

• Increasing energy efficiencies across its operations and network   
• Transitioning its fleet to electric and hybrid vehicles    
• Expanding its renewable energy strategy    
• Engaging suppliers to set their own science-based targets 

Rogers efforts have already reduced scope 1 and 2 GHG emissions by 33% since 2019. Rogers long-term net-zero targets are to reduce absolute scope 1, 2 and 3 GHG emissions to net-zero by 2050.* Near-term targets are to reduce absolute scope 1 and 2 emissions by 50% by 2030 and ensure 80% of its suppliers set their own science-based targets by 2029.**

About Rogers Communications   
Rogers is Canada’s leading communications and entertainment company and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit rogers.com or investors.rogers.com.   

For more information:  
media@rci.rogers.com  
1-844-226-1338  

*Per SBTi’s standard, net-zero is reached when a company has reduced emissions by at least 90%, with residual emissions in the final year to be permanently neutralized (e.g. through investments in carbon offsets).  
**2019 established as the baseline year for both near-term and long-term targets.

FAQ

What are Rogers (RCI) net-zero emission targets for 2050?

Rogers aims to reduce absolute scope 1, 2, and 3 greenhouse gas emissions to net-zero by 2050.

How much has Rogers (RCI) reduced its GHG emissions since 2019?

Rogers has reduced its scope 1 and 2 greenhouse gas emissions by 33% since 2019.

What are Rogers (RCI) key environmental action areas?

Rogers focuses on four key areas: increasing energy efficiencies across operations and network, transitioning fleet to electric vehicles, expanding renewable energy strategy, and engaging suppliers to set science-based targets.

What is Rogers (RCI) 2030 emissions reduction target?

Rogers aims to reduce absolute scope 1 and 2 emissions by 50% by 2030.