Overall net-zero target: Baker and Baker Group Ltd commits to reach net-zero greenhouse gas emissions across the value chain by 2040. Near-term targets: Energy & Industry: Baker & Baker Group Ltd commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2022 base year. Baker & Baker Group Ltd also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, capital goods, fuel- and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting, and upstream leased assets 42% within the same timeframe. FLAG: Baker & Baker Group Ltd commits to reduce absolute scope 3 FLAG GHG emissions 30.3% by 2030 from a 2022 base year.* Baker & Baker Group Ltd also commits to no deforestation across its primary deforestation-linked commodities, with a target date of December 31, 2025. *The target includes FLAG emissions and removals. Long-term targets: Energy & Industry: Baker & Baker Group Ltd commits to reduce absolute scope 1, 2 and scope 3 GHG emissions from purchased goods and services, capital goods, fuel- and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting, upstream leased assets, and downstream transportation and distribution 90% by 2040 from a 2022 base year. FLAG: Baker & Baker Group Ltd commits to reduce absolute scope 3 FLAG GHG emissions 72% by 2040 from a 2022 base year.* *The target includes FLAG emissions and removals.