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EQS-News: SIMONA Aktiengesellschaft / Key word(s): Strategic Company Decision/ESG
SIMONA signs Commitment Letter of the Science Based Targets initiative
2024-03-15 / 07:52 CET/CEST
The issuer is solely responsible for the content of this announcement.
Demonstrating its firm commitment to a sustainable and low-carbon future, SIMONA has officially announced its
participation in the Science Based Targets initiative (SBTi).
The SIMONA Group has established its intent to take concrete measures aimed at validating its pathway to CO2 reduction.
This includes reducing Scope 1 and Scope 2 emissions by an average of 5.25 per cent per year by 2030 in line with the
Paris Agreement and thus achieving "net zero" status by 2050. By participating in this initiative, the company is
demonstrating its ambition to take a leading role in environmental protection and sustainable business and is committed
to ensuring that its long-term climate targets meet the SBTi's high scientific standards.
The commitment to the Science Based Targets initiative represents a significant milestone for the SIMONA Group in its
efforts to ensure that the company's carbon footprint is reduced effectively, thereby making a positive contribution to
global climate change mitigation. The Management Board of SIMONA AG stresses the importance of this decision: "The
challenges associated with climate change call for collective efforts and clearly defined objectives. Our involvement
in the Science Based Target initiative reflects our commitment to environmental responsibility and to setting
long-term, quantifiable and science-based targets."
The SBTi is a collaboration between the global not-for-profit environmental organisation Carbon Disclosure Project
(CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). It
was established in 2015 for the purpose of supporting companies in defining emission reduction targets in line with the
latest climate science and the objectives of the Paris Agreement, the aim being to limit global warming to 1.5 degrees
above pre-industrial levels. The initiative calls on companies to set science-based climate targets as a basis for
gaining a competitive advantage in a carbon-free economy. It defines best practice in science-based target setting,
offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies'
targets.
2024-03-15 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:     English 
Company:      SIMONA Aktiengesellschaft 

Teichweg 16
55606 Kirn an der Nahe
Germany

Phone:        06752-14-997 
Fax:          06752-14-738 
E-mail:       eric.schoenel@simona-group.com 
Internet:     www.simona.de 
ISIN:         DE000A3E5CP0 
WKN:          A3E5CP 
Listed:       Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Munich, 

Stuttgart
EQS News ID: 1859495

End of News EQS News Service
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1859495 2024-03-15 CET/CEST

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END) Dow Jones Newswires

March 15, 2024 02:53 ET (06:53 GMT)