40% intensity reduction in Scope 1 (direct) and Scope 2 (indirect) carbon emissions by 20301,2
100% renewable energy purchased by 2030
50% reduction in energy intensity by 20303
1 Compared to FY20 base. Normalized to revenue (per million dollars) to account for business expansion factors
2 In 2022, we signed a commitment letter with the Science Based Targets initiative (SBTi) in line with climate science to keep global warming well below 1.5C. Within two years PCI will submit this target for review.
3 Normalized to revenue (per million dollars) to account for business expansion factors.
Definition of Science-Based Targets
Targets adopted by companies to reduce greenhouse gas (GHG) emissions are considered “science-based” if they are in line with the level of decarbonization required to keep global temperature increase below 2 degrees Celsius compared to pre-industrial temperatures, as described in the Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC AR5).