Colt commits to achieving global net zero emissions by 2030

By Joy Dumasia

Colt Group, comprising Colt Technology Services and Colt Data Centre Services (DCS), announced its commitment to achieving global net zero carbon for its operations by 2030. As a key player in the technology industry, this forms part of its ambitious journey to accelerate the transition to a zero-carbon economy through developing new and existing technologies. 

Colt has set comprehensive, science-based emissions reduction targets approved by the Science-Based Targets Initiative (SBTi). It will reduce its Scope 1 and Scope 2 emissions by 46% by 2030 and work closely with suppliers to significantly reduce Scope 3 emissions throughout its supply chain, to limit global warming to well below 2°C by 2030.

Colt Group’s extensive targets include interim targets, demonstrating Colt’s credibility and commitment to immediate action. These include:

• 75% renewable electricity for all sites globally by 2023
• 93% of supply chain emissions aligned to 1.5C SBT by 2025
• 38% electric vehicles in company fleet by 2025 and 75% by 2030
• 100% switch to renewable gas by 2030

Colt’s climate strategy will focus on internal carbon reductions across its operations and services. This will mean measuring and disclosing the Group’s climate impact and reducing carbon emissions according to what science says is needed. Any emissions the Group cannot decrease, it will finance through high-integrity carbon removal offsetting.

Keri Gilder, CEO at Colt Technology Services, said: “As a business, we understand the urgency of taking action to drive positive changes in the technology industry and take full accountability for our emissions. I am thrilled to mark this milestone and commit to science-based targets. Colt’s goal line is clear: we aim to become a market leader in sustainability by not only reducing our own emissions but also assisting our customers in their own sustainability journeys.”

Recently, IBS Intelligence reported that Colt Technology Services announced its portfolio of Market Data services to incorporate Mainland China.