R E A Holdings Sustainability Profile
R E A Holdings, also known as REA, is a prominent player in the energy and resources sector, headquartered in Great Britain. Founded in 2000, the company has established itself as a leader in the production and distribution of sustainable energy solutions, particularly in the oil and gas industry. With significant operations across the UK and international markets, REA Holdings focuses on innovative technologies that enhance energy efficiency and reduce environmental impact. The company’s core offerings include renewable energy projects and resource management services, distinguished by their commitment to sustainability and operational excellence. REA Holdings has achieved notable milestones, positioning itself as a trusted partner in the energy transition. With a strong market presence, the company continues to drive advancements in energy solutions, contributing to a greener future.
DitchCarbon Score
How does R E A Holdings's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Food Product Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
R E A Holdings's score of 18 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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R E A Holdings's reported carbon emissions
In 2023, R E A Holdings, headquartered in Great Britain, reported total carbon emissions of approximately 8,304,000 kg CO2e. This figure includes 864,000 kg CO2e from Scope 1 emissions and 7,424,000 kg CO2e from Scope 2 emissions. Notably, the company has not disclosed any Scope 3 emissions data. R E A Holdings has set ambitious near-term targets to significantly reduce its greenhouse gas emissions. The company aims to achieve a 63% reduction in absolute Scope 1 and 2 emissions by 2035, using 2023 as the baseline year. Additionally, it has committed to a 37.5% reduction in absolute Scope 3 emissions, which encompass purchased goods and services, business travel, and employee commuting, within the same timeframe. These targets align with the science-based criteria necessary to limit global warming to 1.5°C. The emissions data and reduction targets are sourced from Fortrea Holdings Inc., the parent company, indicating a corporate family relationship. R E A Holdings is actively working towards its climate commitments, reflecting a growing trend in the pharmaceuticals and biotechnology sector to address climate change proactively.
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| 2023 | |
|---|---|
| Scope 1 | 864,000 |
| Scope 2 | 7,424,000 |
| Scope 3 | - |
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R E A Holdings's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
R E A Holdings has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about R E A Holdings's sustainability data and climate commitments