Overall Net-Zero Target: Virgin Holdings Limited commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: Virgin Holdings Limited commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2023 base year.* Virgin Holdings Limited also commits that 68% of its licensees by emissions covering franchises, will have science-based targets by 2029. *The target boundary includes land-related emissions and removals from bioenergy feedstocks. Long-Term Targets: Virgin Holdings Limited commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2023 base year.* Virgin Holdings Limited also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe. *The target boundary includes land-related emissions and removals from bioenergy feedstocks.