Press Release
Vantiva's Commitments for Near-Term Greenhouse Gas Emissions Reductions
Validated by the Science Based Targets initiative
Vantiva has also committed to establishing long-term emissions reductions
in-line with reaching net-zero by 2050.
The validation comes as Vantiva was awarded the Platinum Award from EcoVadis for
the second straight year and a top 2% rating from S&P Global in its sector.
Paris, France - September 7, 2023 - Vantiva (Euronext Paris: VANTI), formerly
known as Technicolor, today has announced that its near-term greenhouse gas
emissions reduction targets have been validated by the Science Based Targets
initiative (SBTi). The SBTi has determined Vantiva's scope 1 and 2 targets are
in-line with the 1.5C trajectory. Vantiva has pledged also to establish long-
term emissions with the SBTi in-line with reaching net-zero by 2050. This
validation comes on the heels of Vantiva being awarded
(https://www.vantiva.com/resources/vantivas-commitment-to-sustainability-
recognized-with-ecovadis-platinum-award-and-ranking-in-the-top-2-of-responsible-
companies-by-sp-global) the Platinum Award from EcoVadis for the second straight
year, ranking Vantiva in the top 1% of companies worldwide. The company has also
moved up in the S&P Global score, ranking in the top 2% worldwide in its
category.
"This validation by the Science Based Targets initiative is additional proof of
Vantiva's commitment to sustainability and dedication to being environmentally
conscious," said Olga Damiron, Chief People and Talent Officer, Executive Vice
President of CSR and Corporate General Counsel of the Group. "Recognizing the
urgent need for collective action in addressing climate change, Vantiva has
taken proactive measures to minimize our carbon footprint and embraced the
global demand for greener, more sustainable products. Since 2008 we have
incorporated eco-design principles and methodologies into our family of
products. Additionally, at our manufacturing facility in Brazil, we purchase
100% renewable electricity. We encourage our partners and customers around the
world to align with climate science by committing to the SBTi."
Vantiva has committed to reduce absolute scope 1 and 2 greenhouse gas emissions
57% by 2027 from a 2021 base year. Vantiva also commits to reduce scope 3
greenhouse gas emissions from use of sold products 52% per unit sold by 2030
from a 2021 base year. Vantiva further commits that 30% of suppliers by
emissions covering purchased goods and services and capital goods will have
science-based targets by 2027.
This year, Vantiva partnered with Orange Belgium
(https://www.vantiva.com/resources/vantiva-partners-with-orange-belgium-to-
deploy-the-livebox) to build an eco-friendly DOCSIS 3.1 hybrid fiber coaxial
(HFC) gateway and Wi-Fi booster that were designed to reduce the carbon
footprint as they are easy to refurbish, made from 95% recycled plastic, exclude
single-use plastics and are packaged with recycled cardboard. Additionally,
Vantiva launched the Falcon (https://www.vantiva.com/resources/mobile-world-
congress-2023-vantiva-unveils-falcon-5g-to-support-operators-fwa-strategies) 5G
(https://www.vantiva.com/resources/mobile-world-congress-2023-vantiva-unveils-
falcon-5g-to-support-operators-fwa-strategies) fixed wireless access (FWA)
customer premises equipment (CPE) that is 45% smaller and has reduced operating
power consumption by 35% compared to current products available in the market.
The SBTi is a partnership between CDP, the United Nations Global Compact (UNGC),
World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The
SBTi call to action is one of the We Mean Business Coalition commitments. It
drives ambitious climate action in the private sector by enabling organizations
to set science-based emissions reduction targets, highlighting companies'
competitiveness and sense of responsibility in terms of sustainable development
and ESG.
About Vantiva
Pushing the Edge
Vantiva shares are admitted to trading on the regulated market of Euronext Paris
(VANTI).
Vantiva, formerly known as Technicolor, is headquartered in Paris, France. It is
an independent company which is a global technology leader in designing,
developing and supplying innovative products and solutions that connect
consumers around the world to the content and services they love - whether at
home, at work or in other smart spaces. Vantiva has also earned a solid
reputation for optimizing supply chain performance by leveraging its decades-
long expertise in high-precision manufacturing, logistics, fulfillment and
distribution. With operations throughout the Americas, Asia Pacific and EMEA,
Vantiva is recognized as a strategic partner by leading firms across various
vertical industries, including network service providers, software companies and
video game creators for over 25 years. The group's relationships with the film
and entertainment industry goes back over 100 years by providing end-to-end
solutions for its clients.
Vantiva is committed to the highest standards of corporate social responsibility
and sustainability across all aspects of their operations.
For more information, please visit vantiva.com (https://www.vantiva.com/) and
follow Vantiva on LinkedIn (https://www.linkedin.com/company/vantiva/) and
Twitter (https://twitter.com/vantiva).
Contacts
Vantiva Press Relations Thatcher+Co. for
Vantiva
press.relations@vantiva.com
(mailto:press.relations@vantiva.com) vantiva@that
cherandco.com (mailto:vantiva@thatcherandco.com)
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