Multiconsult achieves validation of Science Based Targets initiative

10 Mar 2025 07:00 CET

Multiconsult ASA has received the validation of its emissions reduction targets
by the Science Based Targets initiative (SBTi). The climate targets cover
emissions across the group's Scope 1, 2 and 3. This milestone aligns with the
group's strategy, designed to drive positive change across the industry.

As a leading engineering and architecture firm, Multiconsult is committed to
supporting the transition to a low-carbon society. Setting science-based targets
for its own emissions reductions is a key step on decarbonisation pathway.

"We are pleased that our climate targets have been validated by SBTi, confirming
their alignment with what the latest climate science considers necessary to
limit global warming to 1.5?C. This validation is a testament to Multiconsult's
climate action ambitions. As engineers and architects, we are uniquely
positioned to influence and design sustainable solutions that address climate
challenges. The SBTi validation is also a clear signal to our stakeholders to
join us in transforming society together," says Agathe Schjetlein, EVP
Sustainability at Multiconsult.

Multiconsult's overall net-zero target is to reduce emissions across its own
value chain and to achieve climate neutrality by 2040.

Multiconsult's climate targets

· Overall net-zero target, Multiconsult ASA commits to reach net-zero
greenhouse gas (GHG) emissions across the value chain by 2040.

· In the near-term, Multiconsult ASA commits to reduce absolute Scope 1 and 2
GHG emissions 73 per cent by 2030 from a 2019 base year. Multiconsult ASA also
commits to reduce absolute Scope 3 GHG emissions from purchased goods and
services and business travel 30 per cent by 2030 from a 2019 base year.

· In the long-term, Multiconsult ASA commits to reduce absolute Scope 1 and 2
GHG emissions 90% by 2040 from a 2019 base year. Multiconsult ASA also commits
to reduce absolute Scope 3 GHG emissions from purchased goods and services,
capital goods, fuel- and energy-related activities, business travel 90 per cent
by 2040 from a 2019 base year.

About SBTi
The SBTi is a global partnership between Carbon Disclosure Project (CDP), the
United Nations Global Compact, the We Mean Business Coalition, the World
Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Science
-based targets provide a clearly defined pathway for companies and financial
institutions to reduce greenhouse gas emissions, helping to prevent the worst
impacts of climate change and to future-proof business growth. Targets are
considered science-based if they are in line with the level of decarbonisation
required to keep global warming to well below 2°C above pre-industrial levels
and pursuing efforts to limit warming to 1.5°C.

For further information, please contact:

Investor relations:
Pål-Sverre Jørgensen, Group Treasurer & IRO
Phone: +47 416 11 161
E-mail: ir@multiconsult.no / psmj@multiconsult.no

Media:
Cato A. Mørk, Senior Communication Advisor
Phone: +47 924 55 663
E-mail: caam@multiconsult.no

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