Thales and L&T Technology Services partner to combat climate change
In the 2023 Paris Air Show, Thales, a global technology leader, has signed a letter of intent with L&T Technology Services Limited (LTTS), a leading pure-play engineering services company, to work on reducing CO2 emissions in their respective value chains.
The deal is part of Thales’s push to meet its CO2 emissions reduction targets for 2030, validated by the SBTi and in line with the Paris Agreement goals.
Thales has committed to reducing its operational processes and energy consumption related CO2 emissions (Scope 1 and Scope 2) by 50%, and to cut CO2 emissions related to its supply chain and product use by customers (Scope 3) by 15%. The technology leader is aiming for net zero operations-related CO2 emissions by 2040.
Under the agreement, L&T Technology Services will aid Thales in providing services and solutions to end-customers, such as smart traffic management solutions for air, sea, and road to optimize operations and reduce carbon footprints. It will also assist in incorporating eco-design in product development processes, as well as cutting Thales’s digital carbon footprint.
L&T Technology Services, which has identified Sustainability as one of its Big Bets in 2021, aims to achieve carbon and water neutrality by 2030.
Amit Chadha — L&T Technology Services CEO and Managing Director said: “We are pleased to join Thales in their vision to make the world safer, greener and more inclusive. The pledge is aligned to LTTS’ own commitments of water and carbon neutrality by 2030 and will strengthen our vision to engineer a more sustainable future for all.
“Together with Thales, we will continue to develop innovative digital solutions that align with our end customers’ sustainability roadmaps.”
Thales has already approved action plans from over 150 of its high-emission suppliers, setting measurable goals and timelines for carbon emission reductions. As of June 2023, over 40 suppliers have pledged their support for Thales’s carbon footprint trajectory.
Roque Carmona — Thales Chief Procurement Officer said: “As part of our Strategy for a Low-Carbon Future, procurement teams across Thales are working diligently with growing numbers of key suppliers to reduce the carbon footprint of our respective value chains.
“We will only meet our ambitious objectives by working hand-in-hand with our suppliers to promote energy efficiency and the use of renewable energy sources, optimise our processes and logistics operations, and adopt the principles of eco-design for our new products.”