Ovs

OVS, an Italian-headquartered company in the "Other business services (74)" industry, has set several climate commitments.

The company aims to achieve net-zero emissions by 2030 for Scope 1 and 2 emissions and has set a long-term target to reduce all Scope 3 emissions by 46% by 2030 from a 2019 baseline. OVS also committed to increasing annual sourcing of renewable electricity to 100% by FY2030, from 91.4% in FY2019. These targets are aligned with the Science Based Targets initiative (SBTi) and are consistent with reductions required to keep warming to 1.5°C.

OVS has publicly reported its carbon emissions, with the most recent data available for 2023. In 2023, OVS's total emissions were approximately 318,769,000 kg CO2e. This included Scope 1 emissions of around 8,393,000 kg CO2e, Scope 2 emissions of about 990,000 kg CO2e (market-based), and Scope 3 emissions totalling approximately 713,285,000 kg CO2e.

Looking back, in 2022, OVS's total emissions were approximately 448,903,000 kg CO2e, comprising Scope 1 emissions of about 8,050,000 kg CO2e, Scope 2 emissions (market-based) of around 1,812,000 kg CO2e, and Scope 3 emissions of approximately 737,874,000 kg CO2e.

OVS has a near-term absolute reduction target to cut its Scope 1 and 2 GHG emissions by 21% by 2024, using 2019 as the baseline year.