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Amplifon Unveils Climate Action Plan to Cut Emissions by 2030

Amplifon Unveils Climate Action Plan to Cut Emissions by 2030

Amplifon's Ambitious Climate Strategy for 2030

Amplifon is at the forefront of a significant movement aimed at combating climate change through its newly launched climate strategy. This innovative strategy, recognized by the Science Based Targets Initiative (SBTi), sets noteworthy goals to reduce greenhouse gas emissions and contributes to the global efforts outlined in the Paris Agreement.

Key Targets of the Climate Strategy

Under the initiative dubbed "Listening to our Planet," Amplifon is pledging to achieve a 42% reduction in direct greenhouse gas emissions (Scope 1 and 2) by the year 2030, based on 2023 levels. Simultaneously, Amplifon aims to lower indirect emissions from Scope 3 by 25%, targeting areas such as purchased goods and services, capital goods, and upstream transportation.

Expectations for Suppliers

Part of this comprehensive plan centers around engaging suppliers in the effort to reduce emissions. By 2030, Amplifon aims to ensure that approximately 44.36% of its suppliers are aligned with science-based targets concerning greenhouse gas reductions. This ambitious step is crucial in fostering a sustainable supply chain and reinforcing the company’s commitment to environmental responsibility.

Leadership and Company Commitment

Enrico Vita, the CEO of Amplifon, expressed that the launch of this scientifically validated climate strategy signifies a major stride in embedding environmental, social, and governance (ESG) considerations into their core business operations. He highlighted the importance of setting measurable targets and continuing the firm’s commitment to sustainability which was established with a detailed sustainability plan featuring 20 specific targets to be met by 2026, 2028, and 2030.

Engagement with Global Initiatives

The Science Based Targets Initiative plays a pivotal role in this environmental commitment, providing guidance for companies to establish greenhouse gas reduction benchmarks based on the latest climate science. Amplifon's strategy reinforces the importance of corporate accountability in the face of the urgent climate crisis that affects communities and ecosystems worldwide.

About Amplifon

Amplifon is renowned globally for its commitment to hearing care, allowing individuals to reconnect with the joy and nuances of sound. With a dedicated workforce of over 20,000 professionals, Amplifon is focused on understanding the specific needs of each customer, delivering tailored services and innovative products designed for the best auditory experience. Having an impressive annual revenue exceeding 2.4 billion euros, the company operates through an extensive network of over 10,000 points of sale across 26 countries and 5 continents.

Contact Information

The corporate communication for Amplifon can be directed to Salvatore Ricco, reachable at M. 39 335 770 9861.

Frequently Asked Questions

What is Amplifon’s climate strategy?

Amplifon’s climate strategy includes significant goals for reducing greenhouse gas emissions, with a target of 42% reduction in direct emissions and 25% in indirect emissions by 2030.

How does Amplifon plan to meet its emission reduction targets?

The company plans to achieve these targets through rigorous assessments of their supply chain and ensuring that a significant portion of suppliers set science-based targets for emissions reductions.

What role does the Science Based Targets Initiative play?

The Science Based Targets Initiative provides essential guidance to Amplifon and other companies in establishing credible greenhouse gas emission reduction targets in line with scientific evidence.

What commitments has Amplifon made regarding sustainability?

Amplifon has laid out a detailed sustainability plan with specific, measurable goals to enhance its ESG efforts by set deadlines in 2026, 2028, and 2030.

How does Amplifon contribute to the hearing care industry?

With its innovative products and comprehensive services, Amplifon enables individuals to experience sound more fully, while ensuring personalized solutions tailored to meet diverse needs.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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