SINGAPORE (December 4, 2023) – The Science Based Targets initiative (SBTi) has accepted TES's commitment to set net-zero emissions targets, recognizing the company’s commitment to sustainability and climate action.
TES, founded in 2005, is recognized as the world’s largest provider of IT asset disposition services, with 43 facilities serving more than 100 countries.
SBTi is a collaboration of the United Nations Global Compact, World Resources Institute, World Wildlife Fund, and CDF that defines and promotes best practices in emissions reduction. SBTi aims to encourage companies to set science-based targets to reduce their greenhouse gas emissions (GHGs). More than 2,000 organizations worldwide have committed to emissions targets through SBTi’s standards.
TES has committed to setting near- and long-term company-wide emission reductions that meet the SBTi Net-Zero Standard at the pace and scale required by climate science.
Verification by SBTi is important because it will ensure that the company's goals align with the latest scientific research on climate change. This means that the goals will be based on the level of emissions reductions needed to limit global warming to less than 2°C, which is the target set by the Paris Agreement.
The TES commitment to net-zero emissions is one of 17 Sustainable Impact Goals in its recently released 2022 Sustainability Report, titled “Our Journey To Sustaining Tomorrow.”
“We are committed to Sustaining Tomorrow because we believe our future is linked to the success of people and our planet. Commitment to net zero is important for us because it demonstrates leadership in our industry and our dedication to taking action on climate change,” said Alvin Piadasa, TES group sustainability director.
“SBTi’s approval of our planned emissions targets shows our dedication to reducing our carbon footprint and mitigating the effects of climate change,” Piadasa said. “This is particularly important as the world faces increasing environmental challenges and pressure to reduce greenhouse gas emissions.”
TES’s sustainability strategy is underpinned by three principles: protect, preserve and provide. We protect our customers' privacy, brand, intellectual property, and data, while working to preserve our natural environment and promoting the responsible usage of scarce resources and we strive to provide a secure, diverse, and inclusive workplace and community where everyone can flourish. TES believes that enterprise and social progress cannot be sustained by environmental degradation and that only responsible consumption and production can sustain a better tomorrow.
Research from the Carbon Trust indicates that customers’ increasing expectation that companies must commit to climate action or risk losing business to competitors with stronger sustainability performances.
“Taking action on environmental issues is no longer just a matter of ethics. It is crucial for survival in the business world, and corporations are waking up to the fact that sustainability and profitability can go hand in hand,” Piadasa said. “TES is committed to creating a roadmap to meet ambitious and necessary climate goals and will take proactive steps towards achieving them.”
To learn more about TES and its commitment to sustainability and net-zero emissions, visit www.tes-amm.com.
