Commitment to carbon neutrality
A commitment and a responsibility; a source of inspiration and transformation.
Mitigating climate change means decarbonizing our economies. The goal is simple: by 2050, we must not emit any more carbon than we absorb. We must be carbon neutral.
In November 2020, Minster committed to reducing our Scope 1 (direct emissions from our buildings) and our Scope 2 (electricity-related emissions) by 33% by 2030*; and our Scope 3 (value chain emissions) by 16% over the same period. As we make progress towards our 2050 goal, we strive to make each of these interim efforts more ambitious - with commitments to reduce carbon in more areas of the business, moving from incremental improvements to significant step changes, being also able to offset during this period the potential increase of our emissions due to growth.
* Reduction of 30% in absolute terms compared to actual emissions in 2017, and of 33% compared to 2017 emissions as adjusted for acquisitions made between 2017 and the date on of the target's approval.