RVBA-TARGE◇Private

Target

Decarbonisation trajectory · all scopes

Scope 3· base 2017 · 58.7M tCO2e

Headline intensities

·Values in USD ($)

Peer cohort: — · lower is better

Revenue intensity

Carbon / $m revenue

—tCO2e / $m revenue

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

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Operational intensity

Carbon / $m OpEx

—tCO2e / $m OpEx

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

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Economic intensity

Carbon / $m EVIC

—tCO2e / $m EVIC

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

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Asset intensity

Carbon / $m PP&E + leased

—tCO2e / $m PP&E

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

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Climate action evidence

4 records · 3 sources

Net-zero claim · FY2040 · In corporate strategy · nzt

s. Aligned with our Target Forward ambitions, we commit to net zero GHG emissions across our enterprise by 2040 to reduce climate impacts across our operations and supply chain.

Carbon credits retired

10 tCO2e

1 retirement · FY2023 · third-party verified

No self-reported carbon removals for FY2023.

Last traced year · FY2015 · 1,000 tCO2e across 1 retirement

By credit quality

Avoidance / reductions10 tCO2e(100%)

Retirements by year and credit class

2023

10tCO₂e

Avoidance

Renewable electricity

No third-party REC retirements on file and no self-reported renewable share disclosed.

Sources

· berkeley_voluntary_registry
· CarbonPlan OffsetsDB
· car

Registry retirements are direct evidence; commitments are forward-looking pledges. EPA snapshot covers FY2019–FY2020.

Targets

Near-term

4 targets

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2Absolute	2017	2030	−30%	In corporate strategy	insufficient data	—
Scope 1 + 2 + 3Absolute	2017	2030	−30%	2°C	insufficient data	—
Scope 3Absolute	2017	2030	34,033,500 tCO2e	Not validated	absolute-value target	—
Scope 3	2017	2023	−80%		−0.0% reductionof −80% target · 0% there	Off track

Long-term

2 targets

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2	—	2040	—		absolute-value target	—
Scope 3	—	2040	—		absolute-value target	—

Net zero

1 target

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2 + 3	—	2040	—	In corporate strategy	absolute-value target	—

⚠ Some targets show progress vs the earliest extracted year as a baseline approximation. The real base-year value will be used once historical reports are extracted.

Progress · absolute tCO2e

no Scope 1 + 2 trajectory data

Scope 3 trajectory vs target

Scope 3 · 80% by 2023

ActualLinear1.5°C

Partial profile

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Latest reporting year· 1 earlier year on Data-by-year tab

all years + ratios →

2025

reporting year

Financials

Revenue—

OpEx—

FTE—

Market cap (FY-end)—

Climate

Scope 1—

Scope 2 (market)—

Scope 2 (location)—

Scope 3 total—