• SBTi validates Virgin’s net-zero pathway, aligning with climate science to halve emissions by 2030 and reach net-zero by 2050.
• Virgin commits to a 90% reduction in scope 1, 2, and 3 emissions by 2050 across its value chain.
• By 2029, 68% of Virgin’s licensees (by emissions) will set science-based targets.

Virgin Holdings Limited has received official validation from the Science Based Targets initiative (SBTi) for its net-zero targets, confirming its emissions pathway aligns with the 1.5°C climate goal. This marks a critical milestone in the Group’s long-term commitment to “Changing Business for Good.”

“This validation confirms that Virgin’s climate targets are aligned with what the science demands: rapid, deep cuts to emissions that help limit global temperature rise.”

The company’s key emissions targets include:

• Reaching net-zero GHG emissions across its entire value chain by 2050.
• Reducing absolute scope 1 and 2 emissions by 50% by 2030 (from a 2023 base year).
• Reducing scope 1, 2, and 3 emissions by 90% by 2050.
• Ensuring 68% of Virgin companies (by emissions) will have science-based targets by 2029.

These commitments align with global climate science, emphasizing urgency.

“The science couldn’t be clearer – the world is dangerously close to breaching the 1.5°C temperature rise threshold… Halving global emissions by 2030 and hitting net-zero by 2050 isn’t just an ambition, it’s a deadline backed by science.”

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Virgin’s roadmap includes innovation, collaboration across its group companies, and transparency in tracking progress.

“Everyone at Virgin is proud of this step, but we’re not done yet… we must accelerate progress across innovation and through collaboration.”

Virgin’s approval by SBTi positions it among leading corporations demonstrating climate ambition with credible, science-backed action.

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