Law firm Osborne Clarke has announced its long-term º£½ÇÊÓƵ GHG emissions-reduction target to reach net-zero emissions by 2040 has been validated by the Science Based Targets initiative (SBTi).
To achieve this the international firm, which has its headquarters in Finzels Reach, Bristol, would need to reach at least a 90% reduction against the 2019-20 baseline year by 2040, to keep in line with the SBTi Net Zero Standard.
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Osborne Clarke is in the first group of companies to receive approval for net-zero targets following the SBTi's Net Zero Standard, with both near and long-term emissions reduction targets validated by the body.
This announcement comes after the firm's near-term target, to reduce its º£½ÇÊÓƵ GHG emissions by 50% across all scopes by 2030, was validated by the SBTi in October 2022. The firm pledged to submit a long-term target in line with the SBTi standard within 24 months of this verification, and delivered this within 12 months, setting a long-term target of 2040, 10 years ahead of the original 2050 plan.
Conrad Davies, º£½ÇÊÓƵ managing partner, said: "We're very proud to have approved near- and long-term science-based emissions reduction targets with the SBTi. To be one of the first organisations to have a verified net-zero target of 2040 in line with the SBTi Net Zero Standard is a huge motivator for everyone in the business, and aligns with all of the work we are doing to reduce our impact on the environment and work more sustainably."
Osborne Clarke's sustainability commitments are managed through the Osborne Clarke for Good framework, which structures the firm's approach to responsible business. It published its first impact report in 2022.
