Goals and Commitments
2021 Goals and Progress
We view sustainability as a fundamental responsibility and a strategic priority that touches every aspect of our business. In 2021, we set goals to hold us accountable and demonstrate our commitment. Today, as we meet or exceed those targets, we are reshaping our strategy and increasing our commitments.
Our Future Commitments
As we transition into 2022, we remain focused on each of our sustainability pillars, and aim to set explicit goals that provide transparency and accountability. We also understand that we need to be a leader in deepening our commitments around climate change. For that reason, early 2022 marks Regency’s transition to targets for reducing Scope 1 and 2 GHG emissions on an absolute basis. Aligned with the Paris Agreement, we’ve committed to reduce our absolute Scope 1 and 2 GHG emissions by 28% by 2030, a target endorsed by the Science Based Targets initiative (SBTi), and to achieve net-zero Scope 1 and 2 emissions across all operations by 2050.
Through this process, we have developed an interim reduction strategy aligned with limiting global warming to well below 2°C compared to pre-industrial levels, positioning Regency to contribute as the world transitions to a net-zero future. While our near-and long-term goals demonstrate our commitment to corporate sustainability, there is still much room for us to adapt, refine, and raise our targets along the way. We will continue to prioritize measurable targets and report on our performance annually.