- Landis+Gyr has committed to setting science-based targets to further reduce 
carbon emissions in line with the level of decarbonization required to meet the 
goals of the Paris Agreement

Following last year's announcement to become carbon neutral by 2030, Landis+Gyr 
(SIX: LAND) has signed the commitment letter to join the Science Based Target 
initiative (SBTi). This pledge will see the Company set ambitious science-based 
targets, both near-term (in 5 to 10 years) and long-term (by 2050). These 
efforts follow Landis+Gyr's purpose to manage energy better for a greener 
tomorrow and are in line with the Paris Agreement, limiting global warming to 
well-below 2°C above pre-industrial levels and pursue efforts to limit warming 
to 1.5°C.

In 2007, Landis+Gyr started to measure and closely manage its carbon footprint. 
Since then, the Company has achieved a 47% reduction of its carbon emissions. 
In addition, Landis+Gyr tracks the positive impact of its global Smart Metering 
base of more than 125 million connected intelligent devices on a yearly basis. 
In the financial year 2021, the state-of-the-art technologies and solutions 
helped avoid more than 9 million tons of CO2 emissions. The commitment to the 
SBTi will further drive efforts to reduce carbon emissions within its 
operations (Scopes 1 and 2) and to support the decarbonization of the supply 
chain (Scope 3) by setting ambitious targets and developing a roadmap to 
achieve them.

"Sustainability is part of our DNA and an integral part of our values, mission 
and strategy. Our commitment to the Science Based Target initiative is the next 
step in our sustainability journey," said Werner Lieberherr, Chief Executive 
Officer at Landis+Gyr. "As a leading global provider of energy management 
solutions, we actively drive progress on environmental, social and governance 
issues and are proud to be part of the global efforts to decarbonize the grid." 

The Science Based Targets initiative (SBTi) is a global body enabling 
businesses to set ambitious emissions reductions targets in line with the 
latest climate science. It is focused on accelerating companies and financial 
institutions across the world to halve emissions before 2030 and achieve 
net-zero emissions before 2050. The initiative is a collaboration between CDP, 
the United Nations Global Compact, World Resources Institute (WRI) and the 
World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition 
commitments.

About Landis+Gyr

Landis+Gyr is a leading global provider of integrated energy management 
solutions for the utility sector. Offering one of the broadest portfolios, we 
deliver innovative and flexible solutions to help utilities solve their complex 
challenges in Smart Metering, Grid Edge Intelligence and Smart Infrastructure. 
With sales of USD 1.4 billion in FY 2020, Landis+Gyr employs around 5,000 
people in over 30 countries across five continents, with the sole mission of 
helping the world manage energy better.

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Contacts: 

Melissa van Anraad 
Head of PR 
 +41 41 935 63 98  
melissa.vananraad@landisgyr.com 

Investor inquiries: ir@landisgyr.com 
Media inquiries: pr@landisgyr.com

Source: Landis+Gyr