Overall Net-Zero Target: Bunzl plc commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: Bunzl plc commits to reduce scope 1 and 2 GHG emissions 50% per million GBP revenue by 2030 from a 2019 base year, equivalent to a 27.5% absolute reduction.* ** Bunzl plc commits that 80% of its suppliers by emissions covering purchased goods and services will have science-based targets by 2027. *The target boundary includes land-related emissions and removals from bioenergy feedstocks. **Under the former commitment model of the SBTi (available between June 2019 and October 2021), a subset of companies committed to setting near-term science-based targets aligned with well-below 2°C over an interim period as part of their wider net-zero commitment (referred to as Option 2 of the Business Ambition for 1.5°C Campaign). There is a strictly enforced timeline for these companies to ratchet ambition to 1.5°C for their near-term targets within a maximum of five years from the time of near-term target validation. At this point, they will be expected to decarbonize in line with their 1.5°C-aligned long-term science-based targets. Long-Term Targets: Bunzl plc commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year.* Bunzl plc also commits to reduce absolute scope 3 GHG emissions 90% by 2050 from a 2019 base year.* *The target boundary includes land-related emissions and removals from bioenergy feedstocks.