Climate Action

By focusing on reducing greenhouse gas emissions across Scope 1, 2 and 3, GFT is committed to supporting a sustainable future. Our climate strategy is part of our broader CSR agenda, aligning corporate objectives with sustainable practices.

Near-term greenhouse gas emission targets approved by SBTi

GFT remains committed to addressing climate change, with targets aligned to the principles of the Paris Agreement

The independent Science Based Target initiative (SBTi) has approved our near-term science-based climate targets. By 2030, GFT will reduce:

Scope 1+2 (absolute target): Operational greenhouse gas emissions by 50% compared to the base year 2020
Scope 3 (intensity target): Emissions generated along the value chain by 60% per euro of value added compared to the base year 2020

The independent validation of emission targets by SBTi is an important signal to our stakeholders regarding minimising risks in the value chains of our clients and in the portfolios of our investors.

Decarbonization

In 2024, GFT developed and integrated a Scope 1 and 2 transition plan to align decarbonisation efforts with its corporate goals.

Key Actions:

Achieve 100% renewable electricity by 2030 through green tariffs, guarantees of origin, and REC certificates

Reduce natural gas consumption by downsizing office space that relies on gas heating

Cut diesel and petrol use by transitioning the vehicle fleet to hybrid and electric models

Progress Toward Climate Targets

Progress on the Scope 1 and 2 transition plan is actively monitored, with defined milestones in place to track progress and manage potential challenges. GFT is also advancing its carbon footprint calculation and monitoring processes through automation, underscoring the vital role of technology in ESG data management, monitoring and reporting.

Looking ahead, the company is exploring the development of a Scope 3 transition plan as part of its continued climate strategy.

Policies

GFT aims to integrate best GFT practices across various environmental areas to enhance its sustainability efforts. For this purposes GFT introduced two policies:

Environmental Policy – Defines GFT’s environmental principles and requirements, forming the foundation for its environmental management approach.

Climate Change Policy – The policy aligns with CSRD disclosure requirements and supports the company’s climate objectives. It outlines GFT’s approach to climate-related topics, including emissions reduction, risk awareness, and sustainable opportunities.