American Tower Adopts Science-based Targets

Rhea-AI Summary

American Tower Corporation (NYSE: AMT) has adopted science-based targets (SBTs) approved by the Science Based Targets initiative, aiming to substantially reduce greenhouse gas (GHG) emissions. The company targets a minimum of 40% reductions in direct scope 1 and indirect scope 2 emissions by 2035 compared to a 2019 baseline, alongside a similar target for scope 3 supply chain emissions. CEO Tom Bartlett emphasized that these goals reflect American Tower’s commitment to sustainability and climate change mitigation.

Positive

• Adoption of science-based targets demonstrates commitment to sustainability.
• Targets include a 40% reduction in direct and indirect GHG emissions by 2035.

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• None.

BOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT) today announced its adoption of science-based targets (SBTs) across its global operations and supply chain, which have been approved by the Science Based Targets initiative and are in line with the goals set forth in the 2015 Paris Agreement.

The establishment of SBTs reflects American Tower’s efforts to advance its sustainability program and reduce greenhouse gas (GHG) emissions to limit future global warming to well below two degrees Celsius. The SBTs represent direct scope 1 and indirect scope 2 GHG emissions reduction targets of at least 40 percent by 2035 against a 2019 baseline, as well as targets to reduce indirect scope 3 supply chain emissions by at least 40 percent.

Tom Bartlett, American Tower’s Chief Executive Officer stated, “Since setting goals to reduce our diesel consumption and related scope 1 emissions in 2017, we have made targeted investments in energy solutions that have enabled us to avoid using millions of liters of diesel per year. Adopting SBTs, which expand our GHG reduction goals beyond scope 1, is a critical step in our sustainability journey and a reflection of our continued dedication to addressing climate change.”

For more information on American Tower’s sustainability program, please visit the “Corporate Responsibility” section of the Company’s website at www.americantower.com.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 214,000 communications sites. For more information about American Tower, please visit www.americantower.com.

Cautionary Language Regarding Forward-Looking Statements

This press release contains “forward-looking statements” concerning the Company’s goals, beliefs, expectations, strategies, objectives, plans, future operating results and underlying assumptions and other statements that are not necessarily based on historical facts. Examples of these statements include, but are not limited to, statements regarding the Company’s expectations and strategy to reduce its GHG emissions and its supply chain emissions. Actual results may differ materially from those indicated in the Company’s forward-looking statements as a result of various factors, including those factors set forth in Item 1A of its Form 10-K for the year ended December 31, 2020 under the caption “Risk Factors.” The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211025005196/en/

Igor Khislavsky

Vice President, Investor Relations

Telephone: (617) 375-7500

Source: American Tower Corporation

FAQ

What are American Tower’s science-based targets for GHG emissions reduction?

American Tower aims for a 40% reduction in direct scope 1 and indirect scope 2 GHG emissions by 2035, along with a 40% reduction in scope 3 supply chain emissions.

When did American Tower announce its adoption of science-based targets?

American Tower announced its adoption of science-based targets on October 25, 2021.

How does American Tower plan to achieve its sustainability goals?

American Tower plans to achieve its sustainability goals through targeted investments in energy solutions and expanding its GHG reduction initiatives.

What is the baseline year for American Tower's emission reduction targets?

The baseline year for American Tower's emission reduction targets is 2019.

Who is the CEO of American Tower Corporation?

The CEO of American Tower Corporation is Tom Bartlett.