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Share Name Share Symbol Market Type Share ISIN Share Description
Bt Group Plc LSE:BT.A London Ordinary Share GB0030913577 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.85 -4.26% 154.00 154.00 154.15 158.00 153.95 157.20 64,027,239 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Fixed Line Telecommunications 21,331.0 1,804.0 14.8 10.4 15,273

BT Group Brings Forward Net Zero Target Plans

20/09/2021 11:42am

Dow Jones News


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By Joe Hoppe

 

BT Group PLC said Monday that it plans to curb carbon emissions sooner than expected and has brought forward its target date to achieve net zero emissions from its own operations to 2030 from 2045.

The telecoms company said it has also brought forward its net zero target for its supply-chain and customer emissions to 2040.

To meet these targets, the company said it will work closely with customers and suppliers, press ahead with plans to retire legacy networks like the 3G mobile network by 2023, and the public switched telephone network by the end of 2025. Any residual emissions will be covered by carbon offsetting.

BT has pledged to cut the emissions intensity of its business by 87% by the end of March 2031, and has set targets in line with the Paris Agreement. The company said its new targets follow the climate change report released Aug. 9 by the Intergovernmental Panel on Climate Change, which warned that global heating is now irreversible and urgent action is needed.

The company said it has reduced the carbon emissions intensity of its operations by 57% since 2016, and has reduced its supply-chain emissions by 19% over the same period.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

September 20, 2021 06:27 ET (10:27 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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