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Spiro sets 2040 net-zero target as first sustainability report highlights climate and economic gains

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Dubai, UAE | THE INDEPENDENT | One of Africa’s leading electric mobility company, Spiro, has published its inaugural Sustainability Report, unveiling ambitious environmental targets, including achieving net-zero Scope 1 and Scope 2 emissions by 2040, while positioning electric mobility as a key driver of economic growth and climate action across the continent. Released on July 21, the report provides the company’s first comprehensive assessment of its environmental, social and economic impact, establishing a baseline against which it will measure future progress as it expands its clean transport infrastructure and affordable mobility solutions across Africa. The report projects that Spiro’s growing electric mobility ecosystem could help avoid approximately 700,000 tonnes of carbon dioxide emissions annually by 2030 through the replacement of petrol-powered motorcycles with electric alternatives.

The company is also exploring the installation of 80–125 KVA on-site solar systems at selected battery-swapping stations to strengthen energy resilience while reducing reliance on conventional electricity grids. Gagan Gupta, Founder of Spiro and Chairman of Equitane, said the company’s sustainability ambitions are rooted in a long-term vision of balancing innovation with environmental and social responsibility. “At SPIRO, our responsibility as founders is not only to scale innovation, but to ensure that the systems we build endure economically, socially, and environmentally for generations to come,” Gupta said.

Group Chief Executive Officer Anant Badjatya said sustainability has become central to the company’s business strategy as it expands across Africa. As we expand across Africa, sustainability will remain a core business driver, shaping how we invest, manufacture, innovate and partner for the long term,” he said. The report also marks Spiro’s first comprehensive greenhouse gas inventory, covering Scope 1, Scope 2 and Scope 3 emissions across its operations and value chain.

Company officials say this creates the foundation for measurable climate targets and improved transparency as the business scales. According to the report, operational efficiency initiatives implemented during the past year have already reduced energy consumption at …

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