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Hastings’ near-term science-based climate targets validated by the SBTi

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Hastings Group's (Hastings) science-based climate targets have been validated by the Science Based Targets initiative (SBTi) in December 2024. Hastings has set targets for its own operations (Scope 1 and 2) and investments (Scope 3, category 15).

Hastings commits to:

Own operations

  • Reduce absolute Scope 1 and Scope 2 GHG emissions by 42 per cent by 2030 from a 2022 base year.

Investments

  • Align its Scope 1 + 2 portfolio temperature score by invested value within its listed equity, corporate bond, and corporate loan portfolio from 2.64°C in 2022 to 2.03°C by 2029.

  • Align its Scope 1 + 2 + 3 portfolio temperature score by invested value within its listed equity, corporate bond, and corporate loan portfolio from 2.79°C in 2022 to 2.23°C by 2029.

Hastings's portfolio targets cover 23 per cent of its total investment and lending by total balance sheet assets as of 2022. As of that year, required activities made up 23 per cent of Hastings's total investment and lending by total balance sheet assets and out of scope activities made up 77 per cent.

All Sampo Group companies have now set individual science-based targets. The group level science-based targets validated in November 2024 and are publicly available.

Further information about the SBTi is available on Science Based Targets website.