Rolls-Royce has joined the UN Race to Zero campaign in the run up to COP26 aiming to play a leading role in pioneering a resilient, inclusive, net zero carbon future.
This will see Rolls-Royce become net zero carbon in its operations by 2030, intending to play a leading role in reaching net zero carbon by 2050 through the development of new products and technologies.
As part of this commitment, Rolls-Royce will:
Align its business to the Paris Agreement goals, to limit global temperature rise to 1.5°C;
Use its technological capabilities to play a leading role in enabling vital parts of the economy to get to net zero carbon by 2050, including aviation, shipping, rail, and power generation;
Continue to, and seek to accelerate, progress against stated company and industry carbon reduction targets and goals;
Continue our investment in research & development (R&D) in pursuit of ever more efficient products and novel solutions to the climate challenge;
Publish a clear roadmap later this year, setting out a pathway to enabling net zero carbon emissions by 2050, including interim milestones.
“The COVID-19 pandemic has brought immediate and obvious pressures to our industry and to us as a company, but the long-term challenges our world faces have not gone away,” said Warren East, CEO, Rolls-Royce. “The world on the other side of this pandemic will need the power that we generate to fuel economic recovery. I absolutely believe the call for that power to be more sustainable and net zero will be stronger than ever.