Lumentum Achieves Approval for Science-Based GHG Emissions Targets
SAN JOSE, Calif. – Lumentum Holdings Inc., a leading designer and manufacturer of innovative optical and photonic products for cloud, networking, and industrial applications, has announced that its near-term and net-zero science-based targets for greenhouse gas (GHG) emissions have been approved by the Science-Based Targets initiative (SBTi).
About Science-Based Targets Initiative
The Science-Based Targets initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). It aims to help companies set and achieve ambitious targets to reduce their greenhouse gas emissions in line with the latest climate science.
Lumentum’s GHG Emissions Reduction Goals
Lumentum’s approved targets include reducing its absolute scope 1 and 2 GHG emissions by 43% by 2030 from a 2019 base year. The company also aims to achieve net-zero emissions by 2045 for all its scopes. These goals are in alignment with the Paris Agreement’s goal to limit global warming to well below 2 degrees Celsius above pre-industrial levels and pursue efforts to limit the temperature increase to 1.5 degrees Celsius.
Impact on Lumentum
This approval from SBTi underscores Lumentum’s commitment to reducing its carbon footprint and contributing to a more sustainable future. By setting science-based targets, Lumentum is aligning its business strategy with the latest climate science, which will help the company:
- Enhance its reputation as a responsible and forward-thinking organization
- Lower its operating costs through energy efficiency improvements and the use of renewable energy
- Minimize risks associated with climate change and potential future regulations
- Attract and retain top talent who are passionate about sustainability
Impact on the World
Lumentum’s approval of science-based targets for GHG emissions reduction is a significant step towards a more sustainable future. As a leading supplier of optical and photonic products, Lumentum’s actions will:
- Encourage other companies in the industry to follow suit and set their own ambitious emissions reduction targets
- Contribute to the decarbonization of various industries, including cloud, networking, and industrial applications
- Help mitigate the negative impacts of climate change by reducing overall greenhouse gas emissions
Conclusion
Lumentum’s approval of science-based targets for greenhouse gas emissions reduction is a testament to the company’s commitment to sustainability and reducing its carbon footprint. By setting ambitious targets and aligning its business strategy with the latest climate science, Lumentum is not only contributing to a more sustainable future but also enhancing its reputation, lowering costs, minimizing risks, and attracting top talent. The ripple effect of this approval will be felt across the industry and the world as more companies follow suit and take steps to reduce their own emissions.
As individuals, we can also make a difference by supporting companies that prioritize sustainability and reducing our own carbon footprint through simple actions like using energy-efficient appliances, reducing waste, and using public transportation or carpooling.
