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Ryman achieves SBTi milestone with emissions reduction targets validation

Written by Ryman Healthcare
on March 20, 2024

MEDIA RELEASE

Ryman Healthcare is pleased to announce that its greenhouse gas emissions targets have been validated by the Science Based Targets initiative (SBTi).

This achievement has been reached following Ryman formally setting an emissions reduction target of 42% for scopes 1 and 2, to be achieved by 2030 relative to a base year of 2021. 

Ryman Group CEO Richard Umbers says, “Achieving SBTi’s validation of our emissions reduction targets is in an important step in Ryman’s decarbonisation journey. Setting these targets has involved closely assessing our business operations to define viable carbon reduction solutions.”

The SBTi is a global climate action body that independently assesses companies’ greenhouse gas (GHG) emissions reductions targets and promotes best practice in terms of what is needed to keep global heating below catastrophic levels and reach net-zero by 2050. 

As part of the science-based targets validation exercise, Ryman has developed an emissions reduction plan to support the achievement of the targets. The emissions reduction plan focuses on specific areas of its business including reducing emissions from the fuel it uses to power its vehicle fleet, and from the electricity used to heat and cool its villages. 

Further information about Ryman Healthcare’s sustainability journey, including its Climate Related Disclosures reporting, will be published later this year. 

About Ryman

Founded in Christchurch in 1984, Ryman Healthcare is New Zealand’s largest retirement living and aged care provider, and the leading integrated retirement living and aged care operator in Victoria. Dual listed on the NZX and ASX, Ryman owns and operates 49 integrated retirement villages across New Zealand and Australia, providing homes to over 15,000 residents and employing 7,800 dedicated team members.

Ryman’s villages provide a fully integrated continuum of care, bringing together independent living, assisted living, and aged care services within a single community. This model offers residents choice, continuity, and a genuine home for life experience as their needs change, while giving families confidence and peace of mind. Committed to high standards of quality and service, Ryman delivers exceptional living and care experiences alongside long-term value for residents, families, and shareholders.

For investor relations information and enquiries

Contact Hayden Strickett, Head of Investor Relations
hayden.strickett@rymanhealthcare.com 

Share registrar

Our share register is managed by MUFG Pension & Market Services. Please send a change of personal details or any questions about dividends to ryman@cm.mpms.mufg.com or phone 0800 333 974 (within New Zealand) or +64 (0)9 375 5998 (outside New Zealand). 

For media information or images

Contact our media team on
media@rymanhealthcare.com 

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