Lumentum Secures Approval for Near- and Long-Term Greenhouse Gas Emissions Reduction Targets from the Science-Based Targets Initiative
Lumentum (LITE) has received approval from the Science-Based Targets initiative (SBTi) for its greenhouse gas emissions reduction targets. The company aims for near-term goals by 2030 including a 90% reduction in Scope 1 and 2 emissions and a 52% reduction per data capacity in Scope 3 emissions from cloud and networking products, compared to FY2022 baseline.
The plan also requires 30% of suppliers and 25% of customers to have their own science-based emissions targets by FY2028. For long-term goals by 2050, Lumentum commits to maintaining the 90% reduction in Scope 1 and 2 emissions and achieving a 90% reduction in absolute Scope 3 emissions. These targets align with limiting global warming to 1.5°C and meet the priorities of key customers, particularly cloud and AI infrastructure providers.
Lumentum (LITE) ha ricevuto l'approvazione dall'iniziativa Science-Based Targets (SBTi) per i suoi obiettivi di riduzione delle emissioni di gas serra. L'azienda punta a obiettivi a breve termine entro il 2030, inclusa una riduzione del 90% delle emissioni di Scope 1 e 2 e una riduzione del 52% per capacità dati nelle emissioni di Scope 3 dei prodotti cloud e di rete, rispetto alla base di riferimento dell'anno fiscale 2022.
Il piano richiede anche che il 30% dei fornitori e il 25% dei clienti abbiano obiettivi di emissioni basati sulla scienza entro l'anno fiscale 2028. Per obiettivi a lungo termine entro il 2050, Lumentum si impegna a mantenere la riduzione del 90% delle emissioni di Scope 1 e 2 e a raggiungere una riduzione del 90% delle emissioni assolute di Scope 3. Questi obiettivi sono in linea con la limitazione del riscaldamento globale a 1,5°C e soddisfano le priorità dei clienti chiave, in particolare dei fornitori di infrastrutture cloud e AI.
Lumentum (LITE) ha recibido la aprobación de la iniciativa Science-Based Targets (SBTi) para sus objetivos de reducción de emisiones de gases de efecto invernadero. La empresa tiene como meta objetivos a corto plazo para 2030, incluidos una reducción del 90% en las emisiones de Alcance 1 y 2, y una reducción del 52% por capacidad de datos en las emisiones de Alcance 3 de productos de nube y redes, en comparación con la línea base del año fiscal 2022.
El plan también requiere que el 30% de los proveedores y el 25% de los clientes tengan sus propios objetivos de emisiones basados en la ciencia para el año fiscal 2028. Para objetivos a largo plazo para 2050, Lumentum se compromete a mantener la reducción del 90% en las emisiones de Alcance 1 y 2 y a lograr una reducción del 90% en las emisiones absolutas de Alcance 3. Estos objetivos están alineados con la limitación del calentamiento global a 1.5°C y satisfacen las prioridades de clientes clave, especialmente proveedores de infraestructura de nube y IA.
루멘텀 (LITE)은 과학 기반 목표 이니셔티브(SBTi)로부터 온실가스 배출량 감축 목표에 대한 승인을 받았습니다. 이 회사는 2030년까지의 단기 목표로 Scope 1 및 2 배출량을 90% 줄이고, 2022 회계 연도 기준으로 클라우드 및 네트워킹 제품의 Scope 3 배출량은 데이터 용량당 52% 줄일 계획입니다.
이 계획은 또한 2028 회계 연도까지 30%의 공급업체와 25%의 고객이 자신의 과학 기반 배출 목표를 설정하도록 요구합니다. 2050년까지의 장기 목표로, 루멘텀은 Scope 1 및 2의 배출량을 90% 감소 시킨 것을 유지하고, Scope 3의 절대 배출량을 90% 줄이는 것을 목표로 합니다. 이러한 목표는 지구 온난화를 1.5°C로 제한하는 것과 일치하며, 특히 클라우드 및 AI 인프라 공급자의 주요 고객의 우선순위에 부합합니다.
Lumentum (LITE) a obtenu l'approbation de l'initiative Science-Based Targets (SBTi) pour ses objectifs de réduction des émissions de gaz à effet de serre. L'entreprise vise des objectifs à court terme d'ici 2030, notamment une réduction de 90 % des émissions de Scope 1 et 2 et une réduction de 52 % des émissions de Scope 3 par capacité de données concernant les produits cloud et de réseau, par rapport à l'année fiscale 2022.
Le plan exige également que 30 % des fournisseurs et 25 % des clients aient leurs propres objectifs d'émissions basés sur la science d'ici l'année fiscale 2028. Pour des objectifs à long terme d'ici 2050, Lumentum s'engage à maintenir la réduction de 90 % des émissions de Scope 1 et 2 et à atteindre une réduction de 90 % des émissions absolues de Scope 3. Ces objectifs s'alignent sur la limitation du réchauffement climatique à 1,5 °C et répondent aux priorités des clients clés, en particulier des fournisseurs d'infrastructures cloud et IA.
Lumentum (LITE) hat die Genehmigung der Science-Based Targets Initiative (SBTi) für seine Ziele zur Reduzierung von Treibhausgasemissionen erhalten. Das Unternehmen strebt kurzfristige Ziele bis 2030 an, darunter eine Reduzierung von 90% der Scope 1- und 2-Emissionen sowie eine Reduzierung von 52% der Scope 3-Emissionen pro Datenkapazität aus Cloud- und Netzwerkprodukten im Vergleich zur Basislinie des Geschäftsjahres 2022.
Der Plan erfordert auch, dass 30% der Lieferanten und 25% der Kunden bis zum Geschäftsjahr 2028 eigene wissenschaftsbasierten Emissionsziele haben. Für langfristige Ziele bis 2050 verpflichtet sich Lumentum, die 90%-ige Reduzierung der Scope 1- und 2-Emissionen aufrechtzuerhalten und eine 90%-ige Reduzierung der absoluten Scope 3-Emissionen zu erreichen. Diese Ziele sind mit der Begrenzung der globalen Erwärmung auf 1,5 °C in Einklang und erfüllen die Prioritäten wichtiger Kunden, insbesondere von Cloud- und KI-Infrastruktur-Anbietern.
- Alignment with key customers' (cloud and AI providers) environmental priorities
- SBTi validation adds credibility to environmental commitments
- Clear, measurable emissions reduction targets set for 2030 and 2050
- Significant operational changes required to meet ambitious 90% emissions reduction target
- Dependency on suppliers and customers adopting their own emissions targets
- Potential increased costs associated with emissions reduction implementations
- Lumentum has received approval for near (2030) and long-term (2050) science-based emissions reduction targets from the SBTi.
- The SBTi has verified Lumentum’s net-zero science-based target by 2050.
Near-Term Greenhouse Gas Emissions Reduction Targets
The SBTi approved Lumentum’s near-term, science-based emissions reduction targets that align with the initiative’s criteria for limiting global warming to 1.5°C, including:
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90% reduction in absolute Scope 1 and 2 GHG emissions by Fiscal 2030, from a Fiscal 2022 baseline. -
52% reduction per data capacity delivered in Scope 3 GHG emissions (from use of sold cloud and networking products) within the same timeframe. -
30% of Lumentum suppliers to have their own science-based targets for emissions covering purchased goods and services by Fiscal 2028. -
25% of Lumentum customers to have their own science-based targets for emissions covering use of sold products by Fiscal 2028.
Long-Term Greenhouse Gas Emissions Reduction Targets
The SBTi also approved Lumentum’s long-term targets under its Corporate Net-Zero standard, as part of its commitment to reach net-zero GHG emissions across the value chain by 2050, including:
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Maintain a minimum
90% reduction in absolute Scope 1 and 2 GHG emissions expected in Fiscal 2030 to continue through Fiscal 2050, from a Fiscal 2022 baseline. -
90% reduction in absolute Scope 3 GHG emissions by Fiscal 2050, within the same timeframe.
"Reducing greenhouse gas emissions is a priority for our customers, especially cloud operators and artificial intelligence infrastructure providers,” said Alan Lowe, president and CEO of Lumentum. “The approval of our science-based targets by SBTi highlights our alignment with customer priorities and our determination to lead in our industry in both technology innovation and sustainability, benefiting our customers and all stakeholders."
The SBTi Net-Zero Standard is the world’s only initiative that provides guidance and tools to help companies set net-zero targets in line with climate science.
To learn more about science-based targets and climate action initiatives at Lumentum, please visit its Sustainability page.
About Lumentum
Lumentum (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide. Lumentum optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum lasers enable advanced manufacturing techniques and diverse applications, including next-generation 3D sensing capabilities. Lumentum is headquartered in
About the Science Based Targets Initiative (SBTi)
The SBTi drives ambitious corporate climate action by enabling businesses to set emissions reduction targets in line with the latest climate science. A collaboration between CDP, the United Nations Global Compact, World Resources Institute, and WWF, the initiative aims to accelerate companies toward halving emissions before 2030 and achieving net-zero by 2050. Learn more at www.sciencebasedtargets.org.
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Investors: Kathy Ta, 408-750-3853; investor.relations@lumentum.com
Media: Noël Bilodeau, 408-439-2140, media@lumentum.com
Source: Lumentum
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