Western Digital (NASDAQ: WDC) announced today that the Science Based Targets initiative (SBTi), has approved its greenhouse gas emissions reduction goals, which are in line with the Paris Agreement and SBTi criteria and requirements. Science-based targets are emissions reduction goals in line with what the latest climate science says is needed to prevent the worst impacts of climate change.
“Committing to these aggressive science-based targets is the right thing to do for the planet, society, our customers and employees. The next few years are critical, and companies have a vital role to play in helping achieve transformation at the pace and scale that is needed,” said Joshua Parker, senior director, Corporate Sustainability, Western Digital. “We are already making rapid progress in reducing our emissions, demonstrating our commitment to building a sustainable economy.”
A partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature, the SBTi helps companies establish science-based targets to reduce greenhouse gas emissions and transform business operations to fit the future low-carbon economy.
SBTi offers organizations two different ambition levels in its pursuit to reduce greenhouse emissions: the Standard Commitment to limit global warming to well below 2°C above pre-industrial levels and a more demanding 1.5°C trajectory commitment, consistent with the conclusions in the Paris Climate Agreement.
Western Digital has committed to the more aggressive 1.5°C path.
"We congratulate Western Digital on setting science-based targets consistent with limiting warming to 1.5°C, the most ambitious goal of the Paris Agreement," said Alberto Carrillo Pineda, Managing Director, Science Based Targets at CDP, one of the Science Based Targets initiative partners. "By setting ambitious science-based targets grounded in climate science, Western Digital is taking action to prevent the most damaging effects of climate change."
Under its new targets, Western Digital commits to reduce its Scope 1 and 2 emissions by 42% by 2030, from a 2020 base year. The company is also adopting a Scope 3 target to reduce the emissions intensity of its products by 50% by 2030.
To achieve these goals, Western Digital will focus primarily on energy reductions through increased operational efficiencies, adoption of on-site solar, and direct procurement of renewable energy. The company is making progress in several areas:
To learn more about Western Digital’s sustainability activities, please visit the Western Digital sustainability website.
About Western Digital
Western Digital creates environments for data to thrive. As a leader in data infrastructure, the company is driving the innovation needed to help customers capture, preserve, access and transform an ever-increasing diversity of data. Everywhere data lives, from advanced data centers to mobile sensors to personal devices, our industry-leading solutions deliver the possibilities of data. Western Digital data-centric solutions are comprised of the Western Digital®, G-Technology™, SanDisk® and WD® brands.
Forward-Looking Statements
This news release contains certain forward-looking statements, including the company’s Scope 1, 2 and 3 greenhouse gas emission reduction goals. There are a number of risks and uncertainties that may cause these forward-looking statements to be inaccurate including, among others: future responses to and effects of the COVID-19 pandemic; volatility in global economic conditions; impact of business and market conditions; impact of competitive products and pricing; our development and introduction of products based on new technologies and expansion into new data storage markets; risks associated with cost saving initiatives, restructurings, acquisitions, divestitures, mergers, joint ventures and our strategic relationships; difficulties or delays in manufacturing or other supply chain disruptions; hiring and retention of key employees; our substantial level of debt and other financial obligations; changes to our relationships with key customers; disruptions in operations from cyberattacks or other system security risks; actions by competitors; risks associated with compliance with changing legal and regulatory requirements and the outcome of legal proceedings; and other risks and uncertainties listed in the company’s filings with the Securities and Exchange Commission, including the company’s most recently filed periodic report, to which your attention is directed. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.
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