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Two years after the launch of its Roadmap for Positive Commerce , VusionGroup has taken a significant new step in its climate action plan by getting the validation of its near-term objectives by the Science Based Targets initiatives (SBTi).
At the heart of VusionGroup global strategy, decarbonization is the driver of our long-term vision consisting of sustainable business practices and sustainable innovation, as we actively seek solutions to minimize our environmental footprint.
Overall, the emission reduction targets of the Group’s validated climate trajectory are aligned with a 1.5°C trajectory set by the Paris Agreement. These targets are:
- A –42% absolute contraction of Scope 1 and 2 emissions by 2030, compared to 2022 (the base year);
- A -51.6% Scope 3 carbon intensity reduction by 2030 compared to the 2022 base year, meaning reducing scope 3 GHG emissions per thousand EUR value added within the same timeframe [mainly emissions from purchased goods and services, upstream transportation and distribution, business travel, employee commuting and use of sold products].
Pascale Dubreuil, Chief Sustainability Officer at VusionGroup, commented:
“We are demonstrating our commitment to building a sustainable future for us and for our planet by letting science guide our actions with Science-Based Targets. VusionGroup is determined to lead the way in the sustainable transformation of retail. By adopting innovative digital solutions and environmentally friendly practices, we are committed to creating a more sustainable, human-centered retail landscape.”
About the SBTI
The SBTi is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis. They develop standards, tools, and guidance which allow companies to set GHG emissions’ reduction targets in line with what is needed to limit global warming to 1.5°C, and to reach net-zero by 2050 at the latest. Partner organizations who facilitated SBTi’s growth and development are CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).
About VusionGroup
VusionGroup (ex- SES-imagotag) is the global leader in the digitalization solutions for commerce, serving over 350 large retailer groups around the world in Europe, Asia and North America.
The Group develops technologies that create a positive impact on society by enabling sustainable and human-centered commerce. By leveraging our IoT & Data technologies, we empower retailers to re-imagine their physical stores into efficient, intelligent, connected, and data-driven assets. We unlock higher economic performance, facilitate seamless collaboration across the value chain, enhance the shopping experience, create better jobs, cultivate healthier communities, and significantly reduce waste and carbon emissions.
VusionGroup consist of six families of solutions, harnessing the full potential of IoT, Cloud, Data, and artificial intelligence (AI) technologies, at the service of the modernization of commerce: SESimagotag (ESL & Digital Shelf Systems), VusionCloud, Captana (computer vision and artificial intelligence platform), Memory (data analytics), Engage (retail media and in-store advertising), and PDidigital (logistics and industrial solutions).
VusionGroup supports the United Nations’ Global Compact initiative and has received in 2023 the Platinum Sustainability Rating from EcoVadis, the world’s reference of business sustainability ratings.
VusionGroup is listed in compartment A of Euronext™ Paris and member of the SBF120 Index. Ticker: VU – ISIN code: FR0010282822 – Reuters: VU.PA – Bloomberg: VU:FP
www.vusion.com
