PR95578

CHAM, Switzerland, April 22, 2022 /PRNewswire=KYODO JBN/ --

- 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