ADTRAN Announces New SBTi-Approved Targets for Sustainability

Core Viewpoint - ADTRAN Holdings, Inc. has committed to achieving net-zero emissions across its value chain by 2048, aligning with the Science Based Targets initiative (SBTi) and the 2015 Paris Agreement [1][2] Group 1: ADTRAN's Sustainability Commitments - The company aims to reduce scope 1 and 2 greenhouse gas emissions by 74.5% by 2032, based on 2016 levels [1] - ADTRAN plans to cut scope 3 emissions by 40% by 2032, with long-term targets of a 90% reduction in scope 1 and 2 emissions and a 95% decrease in scope 3 emissions by 2048 [1] - Since joining SBTi in 2016, ADTRAN has been developing a plan to manage scope 3 emissions, which are considered the most challenging [1] Group 2: Industry Peers' Sustainability Initiatives - Cisco Systems, Inc. aims for a 90% reduction in scope 1 and 2 greenhouse gas emissions by 2025 and a 30% reduction in scope 3 emissions by 2030, with a goal of net-zero emissions by 2040 [3] - Juniper Networks, Inc. targets net-zero emissions by 2040, with a 42% reduction in scope 1 and 2 emissions by 2030 and a 25% reduction in scope 3 emissions by 2030 [4] - NETGEAR, Inc. plans to achieve net-zero operational scope 1 and 2 emissions by 2025 and aims to use recycled materials in 30% of new products by 2024, increasing to 60% by 2028 [4]