SAN JOSE, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) — Infinera (NASDAQ:INFN, news, filings) announced today that its greenhouse gas (GHG) emission reduction targets have been validated by the Science Based Targets initiative (SBTi). This third-party validation reinforces Infinera’s commitment to promoting sustainability in the telecommunications industry through energy-efficient optical networking solution design and environmental, social, and governance (ESG) initiatives. SBTi is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis.
SBTi’s Target Validation Team has classified Infinera’s Scope 1 and Scope 2 target ambitions as in line with keeping global warming to 1.5°C in accordance with the Paris Agreement. SBTi validates that Infinera’s 1.5°C-aligned target is currently the most ambitious designation available through SBTi’s evaluation process. Infinera’s targets as verified by SBTi include:
- A commitment to reduce absolute Scope 1 and Scope 2 GHG emissions by 85 percent by 2030 from a 2020 base year.
- A commitment to reduce absolute Scope 3 GHG emissions by 25 percent within the same timeframe.
“SBTi’s validation marks another milestone in Infinera’s long-held sustainability journey, reflecting our ongoing dedication to developing optical networking solutions that offer our customers the lowest power consumption per bit to reduce the environmental impact of telecommunications networks,” said David Heard, CEO at Infinera. “We greatly appreciate our partnership with SBTi to set effective targets that prioritize our planet’s long-term sustainability while enabling a connected future.”
SBTi is a partnership between CDP, the United Nations Global Compact, the World Resources Institute (WRI), and the Worldwide Fund for Nature (WWF). Visit this link for more information on SBTi and participating companies.
Contacts:
Amitabh Passi, Head of Investor Relations
Tel. +1 (669) 295-1489
apassi@infinera.com
Infinera is a global supplier of innovative open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit www.infinera.com, follow us on Twitter and LinkedIn, and subscribe for updates.
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