updated on 09 June 2021
Magic circle law firm Allen & Overy’s targets to reduce its absolute annual global carbon emissions by 50% by 2030 have been approved by the Science Based Targets initiative (SBTi).
The firm’s ambitious targets are in line with the reductions necessary to keep global warming to 1.5°C and are consistent with the goals set out in the Paris Agreement.
Global Managing Partner Gareth Price said: “This commitment to clear and measurable targets for reducing our greenhouse gas emissions is a positive step in tackling climate change. The transition to a zero-carbon economy is underway and accelerating globally, but the latest climate science tells us that more needs to be done and faster.
“Our partners, staff and clients around the world expect us to be proactive in reducing our impact on the climate. By committing to the targets agreed with the Science Based Targets initiative we now have a clearly defined pathway for how much and how quickly we need to reduce our emissions in order to be consistent with keeping global warming below its most dangerous levels.”
The firm has reduced its carbon footprint by 12% over the past 10 years.