TomTom’s net-zero emissions reduction targets validated by the Science Based Targets initiative (SBTi)

Core Points - TomTom's near-term and long-term greenhouse gas emissions reduction targets have been validated by the Science Based Targets initiative (SBTi), confirming alignment with climate science and net-zero emissions goals [1][5] - The company aims to achieve net-zero emissions by 2040, which is ten years ahead of the Paris Agreement's 2050 deadline [2] - TomTom's Decarbonization Plan includes actions such as office space rationalization, increased energy efficiency, fleet electrification, and renewable electricity purchases [3] Sustainability Strategy - The validation represents a significant milestone in TomTom's commitment to environmental stewardship and reflects its broader sustainability strategy [2][4] - The company emphasizes that long-term value creation must coincide with reducing environmental impact, fostering a culture of environmental awareness, and engaging stakeholders [4] Emission Reduction Targets - By 2030, TomTom targets a 67% reduction in scope 1 and 2 greenhouse gas emissions and a 25% reduction in scope 3 emissions [10] - By 2040, the company aims for a 90% reduction across all scopes [10] Industry Context - With SBTi validation, TomTom joins a global network of companies committed to climate action, enhancing its credibility in corporate decarbonization efforts [5][8]