Zebra Technologies’ Emissions Reduction Targets Validated by the Science Based Targets Initiative

Rhea-AI Summary

Zebra Technologies Corporation (NASDAQ: ZBRA) has set ambitious emissions reduction targets validated by the Science Based Targets initiative (SBTi). The company aims for a 50% reduction in absolute scopes 1 and 2 greenhouse gas emissions by 2030, using 2020 as a baseline. Additionally, it targets a 15% reduction in scope 3 emissions from purchased goods and services. Zebra's efforts align with the Paris Agreement to limit global warming to 1.5°C. The company emphasizes its commitment to sustainability through investments in climate initiatives and collaboration with various stakeholders.

Positive

• Validated emissions reduction targets by SBTi enhance credibility.
• Commitment to reduce absolute scopes 1 and 2 GHG emissions by 50% by 2030.
• Target to reduce absolute scope 3 GHG emissions by 15% by 2030 aligns with global climate goals.
• Partnerships with stakeholders and U.S. Department of Energy for technical assistance bolster decarbonization efforts.

Negative

• None.

Ambitious 2030 company targets contribute to Paris Agreement climate goals

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the front line of business with solutions and partners that deliver a performance edge, today announced its emissions reduction targets have been validated by the Science Based Targets initiative (SBTi), joining more than 1,500 companies globally. The SBTi is a partnership between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). The initiative defines and promotes best practice in science-based target setting and independently assesses companies’ targets.

Zebra’s commitment includes a 50% reduction in absolute scopes 1 and 2 greenhouse gas (GHG) emissions by 2030 from its 2020 baseline. The company also commits to reduce absolute scope 3 GHG emissions from purchased goods and services and the use of sold products by 15% within the same timeframe.

“Zebra is proud to be part of the climate solution and committed to investing in climate initiatives with a sound economic proposition,” said Anders Gustafsson, Chief Executive Officer of Zebra Technologies. “We look forward to closely collaborating with our employees, customers, partners and suppliers to drive our decarbonization goals across our business and entire value chain.”

The targets covering GHG emissions from Zebra’s operations (scopes 1 and 2) are consistent with reductions required to keep warming to 1.5°C, the most ambitious goal of the Paris Agreement. Zebra’s emissions target from its value chain (scope 3) meets the SBTi’s criteria for ambitious value chain goals, in line with current best practice.

Zebra's low-carbon transition plan includes supplier engagement to reduce emissions related to purchased goods, product innovation to reduce energy during customer use, and its partnership with the U.S. Department of Energy Better Climate Initiative for technical assistance on its science-based targets.

In addition to climate, Zebra’s Environmental Social Governance (ESG) priorities include resource conservation and human capital management, which are foundational to its sustainable business model and based on the company’s commitments to its stakeholders. Additional information is available on www.zebra.com under Corporate Social Responsibility.

ABOUT ZEBRA TECHNOLOGIES

Zebra (NASDAQ: ZBRA) empowers organizations to thrive in the on-demand economy by making every front-line worker and asset at the edge visible, connected and fully optimized. With an ecosystem of more than 10,000 partners across more than 100 countries, Zebra serves customers of all sizes – including 84% of the Fortune 500 – with an award-winning portfolio of hardware, software, services and solutions that digitize and automate workflows. Supply chains are more dynamic, customers and patients are better served, and workers are more engaged when they utilize Zebra innovations that help them sense, analyze and act in real time. Zebra recently expanded its industrial automation portfolio with its Fetch Robotics acquisition and increased its machine vision and AI software capabilities with the acquisitions of Adaptive Vision, antuit.ai and Matrox Imaging. Zebra is #25 on Newsweek’s inaugural list of America’s Most Loved Workplaces, #42 on Fast Company’s list of the Best Workplaces for Innovators and #79 on Forbes’ list of America’s 500 Best Midsize Employers. Learn more at www.zebra.com or sign up for news alerts. Follow Zebra’s Your Edge blog, LinkedIn, Twitter and Facebook, and check out our Story Hub: Zebra Perspectives.

SAFE HARBOR STATEMENT

Statements made in this press release which are not statements of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results may differ from those expressed or implied in the company’s forward-looking statements. Zebra may elect to update forward-looking statements but expressly disclaims any obligation to do so, even if the company’s estimates change. These forward-looking statements are based on current expectations, forecasts and assumptions and are subject to the risks and uncertainties inherent in Zebra’s industry, market conditions, general domestic and international economic conditions, and other factors beyond Zebra’s control, and actual results may differ materially from those expressed or implied in such forward-looking statements. In addition, such forward-looking statements are subject to Zebra’s ability to execute on its strategic road map and meet its long-term financial goals. Descriptions of the risks, uncertainties and other factors that could affect the company’s future operations and results can be found in Zebra’s filings with the Securities and Exchange Commission. In particular, please refer to Zebra’s latest filing of its Form 10-K and Form 10-Q.

ZEBRA and the stylized Zebra head are trademarks of Zebra Technologies Corporation, registered in many jurisdictions worldwide. All other trademarks are the property of their respective owners. ©2022 Zebra Technologies Corporation and/or its affiliates. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220811005036/en/

Investor Contact

Michael Steele, CFA, IRC

Vice President, Investor Relations

Phone: + 1 847 793 6707

msteele@zebra.com

Media Contact

Therese Van Ryne

Senior Director, External Communications

Phone: + 1 847 370 2317

therese.vanryne@zebra.com

Source: Zebra Technologies Corporation

FAQ

What are Zebra Technologies' emissions reduction targets for 2030?

Zebra Technologies aims for a 50% reduction in absolute scopes 1 and 2 greenhouse gas emissions and a 15% reduction in scope 3 emissions by 2030.

How does Zebra Technologies plan to achieve its GHG emissions targets?

Zebra plans to engage suppliers, innovate products to reduce energy use, and partner with the U.S. Department of Energy Better Climate Initiative.

What initiative validated Zebra Technologies' emissions reduction targets?

Zebra's targets have been validated by the Science Based Targets initiative (SBTi), which promotes best practices in science-based target setting.

How do Zebra's targets align with the Paris Agreement?

Zebra's emissions reduction goals are consistent with the targets required to limit global warming to 1.5°C, as outlined in the Paris Agreement.