Multiconsult

Environmental & Social Information • Mar 10, 2025

Multiconsult achieves validation of Science Based Targets initiative

Multiconsult achieves validation of Science Based Targets initiative

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