REG - Hays PLC - SBTi approval for carbon reduction targets

HaysAnnouncement

01/04/2022 09:30

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RNS Number : 9206G  Hays PLC  01 April 2022

Hays plc: Approval of Science-Based Targets

 

Hays plc is pleased to announce that its Science-Based Targets (SBT) have been
approved by the Science-Based Targets initiative (SBTi). These targets are a
key part of its ambition to be the first global specialist recruitment firm to
reach Net Zero. This landmark step demonstrates Hays' firm commitment to
fighting climate change, and its targets have been validated by SBTi as being
consistent with GHG reductions which will limit warming to 1.5˚C, the most
ambitious goal of the Paris Agreement.

 

Hays has set two overarching targets for carbon reduction, now formally
validated by the Science Based Targets Initiative.

 

For its base year, which ended in March 2020 (i.e. pre-pandemic):

 

1.  Reduce operational consumption: Hays commits to reduce absolute scope 1
and 2 GHG emissions by 50% by FY2026;

2.  Reduce GHG emissions in the supply chain: Hays commits to reduce
absolute scope 3 GHG emissions from purchased goods and services and capital
goods by 50% by FY2030. Further, Hays also commits to reduce absolute scope 3
GHG emissions from business travel by 40% by FY2026.

 

To deliver these targets, Hays has put in place policies including moving
offices to 100% renewable energy and targeting significant cuts to energy use,
reducing business travel including a 40% reduction in flights by 2026,
transitioning our fleet to electric and hybrid vehicles and working with
companies in our supply chain which are committed to their own Net Zero
journey's.

 

CEO Alistair Cox commented:

 

"Hays was proud to become a Carbon Neutral business in 2021, however we have
always viewed this as a stepping stone on our path to becoming Net Zero. Net
Zero requirements are far more stringent, requiring organisations to achieve
emissions reductions consistent with limiting warming to 1.5°C and be wholly
transparent in reporting their progress. Our actions to reduce Scope 1, 2 and
3 GHG emissions should result in a cumulative reduction in CO(2) of c.65,000
tonnes over the next five years. Our ambition is to become the first global
specialist recruiter to achieve Net Zero and take an active role in combatting
climate change and promoting sustainability in all our operations".

 

 

LEI code:  213800QC8AWD4BO8TH08

 

 

Enquiries

 

Hays plc

 

David Phillips      Head of Investor Relations &
ESG          + 44 (0) 333 010 7122

 

Finsbury

 

Guy Lamming / Anjali Unnikrishnan
               hays@finsbury.com

 

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