DIAMOND SPONSOR
THE ECONOMIST GROUP TAKES GROUP-WIDE CLIMATE ACTION WITH PLANETLY BY ONETRUST
Environmental sustainability is fully integrated into the Economist Group ’ s business strategy . Alongside The Economist ’ s editorial coverage of the climate issue and the impact it delivers through initiatives with clients and partners , the company is committed to holistically managing and reducing its own carbon footprint .
Planetly by OneTrust calculated The Economist Group ’ s global carbon footprint for the reporting year 2020 / 21 in accordance with the international reporting standards of the Greenhouse Gas Protocol . The calculation accounts for all emissions ( Scopes 1-3 ), including core business activities ( e . g . buildings , employees ) to the print production of The Economist , logistics and travel .
THE ECONOMIST GROUP TAKES ACTION TO REDUCE EMISSIONS GLOBALLY The Group ’ s ambition is to reduce its emissions by at least 25 % by 2025 , using
FY20 as a base year . This target has officially been validated by the Science Based Targets initiative ( SBTi ) as aligned with the most ambitious aim of the Paris Agreement to limit global warming to 1.5 ° C .
To reach this reduction target , the Economist Group ’ s strategy includes a stronger focus on digital product formats and significant reductions in travel . The Group reduced its commercial business travel by approximately 40 % from pre-covid levels and will continue to reduce bulk circulation , improve on the environmental impact of its print publications and encourage more digital consumption of its products .
The Group is also investing in renewable-energy certificates to reduce carbon emissions for all its offices and for the print production of The Economist . Leveraging innovative sustainability technologies , including Planetly by OneTrust automated carbon management software and Climeworks ’
26 March 2022