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Schindler commits to science-based targets as it steps up climate action

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Schindler Holding AG / Key word(s): Sustainability

17-Jun-2021 / 07:01 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Schindler today announced its commitment to setting science-based emissions reduction targets, in a clear signal of the Group's determination to avoid the worst effects of climate change.

'Climate action is needed now,' said Silvio Napoli, Chairman of the Board of Directors at Schindler. 'Companies like ours have a crucial role to play in facilitating the transition to a low carbon economy. We have a lot of work ahead of us, but we're convinced it is the right thing to do.'

Science-based targets build on the latest climate science to determine what actions are needed to meet the goals of the Paris Agreement - to limit global temperature rise to 1.5°C above pre-industrial levels. They are set by companies and validated by the Science Based Targets initiative (SBTi), a partnership between the Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

This announcement comes as Schindler outlines new sustainability commitments in its Corporate Responsibility Report published today, including a full transition to renewable electricity by 2025, and a 'no waste to landfill' target across all its sites globally by 2023. Schindler also strengthened its sustainability governance structure in 2020, with the setup of a Global Sustainability Committee chaired by CEO Thomas Oetterli. In September 2020, Schindler officially joined the UNGC, the world's largest corporate sustainability initiative, reaffirming its commitment to the UNGC's Ten Principles.

In addition, Schindler improved its sustainability reporting, disclosing Sustainability Accounting Standards Board (SASB) metrics for the first time, while starting to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Schindler is also updating its materiality analysis, the findings of which are expected to be published in the course of 2021. The full 2020 Corporate Responsibility Report can be found here: https://www.schindler.com/sustainability

About Schindler:
Founded in Switzerland in 1874, the Schindler Group is a leading global provider of elevators, escalators and related services. Schindler mobility solutions move more than 1.5 billion people every day all over the world. Behind the company's success are over 66,000 employees in more than 100 countries.

More information:
Carolyn Pike, Head of Media Relations
Tel. +41 41 445 32 98
carolyn.pike@schindler.com

Schindler Management Ltd.
Zugerstrasse 13
6030 Ebikon
Switzerland

Tel. +41 41 445 32 32
Fax +41 41 444 40 40
corporate.communications@schindler.com
www.schindler.com


End of ad hoc announcement

Language:

English

Company:

Schindler Holding AG

Zugerstrasse 13

6060 Ebikon

Switzerland

Phone:

+41414453060

E-mail:

corporate.communications@schindler.com

Internet:

www.schindler.com

ISIN:

CH0024638212, CH0024638196

Valor:

002463821

Listed:

SIX Swiss Exchange

EQS News ID:

1208925


 

End of Announcement

EQS Group News Service

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