A.P. Moller – Maersk´s (Maersk) greenhouse gas emissions targets have been validated by the Science Based Targets initiative (SBTi) to be in line with the 1.5-degree pathway from the Paris Agreement. This marks an industry first under SBTi’s new Maritime Guidance. While Maersk continues to aim for Net-Zero* greenhouse gas (GHG) emissions for the entire business in 2040 with significant milestones for 2030, the validated targets include new specific and absolute targets to reduce emissions from Maersk’s own operations and across its supply chains (covering all scope 1, 2 and…
Read MoreTag: SBTi
SBTi doubles corporate climate validations in one year as scale up gathers pace
The number of companies and financial institutions setting greenhouse gas (GHG) reduction targets and having them validated by the Science Based Targets initiative (SBTi) doubled in 2023 (up from 2,079 in 2022). This extraordinary demand for corporate decarbonization standards and target validation services has prompted a major scale-up operation to quickly develop a broader range of trusted, credible, emissions reduction standards and increase capacity for validating companies’ targets, while aiming for the highest level of service excellence for companies and financial institutions. Several months after the Science Based Targets initiative…
Read MoreBoost To Dunelm’s Sustainability Ambitions With SBTi Validation Of Targets
Dunelm, the UK’s largest homewares retailer, has taken a significant step forward in its sustainability agenda with greenhouse gas emissions targets approved by the Science Based Targets initiative (SBTi). The retailer becomes the first dedicated homewares specialist and one of the first companies globally to set short and long-term company-wide emission reduction targets in line with climate science, following the rigorous SBTi assessment. The SBTi, a global organisation which defines and promotes best practice in emissions reductions targets, in line with the latest climate science, has assessed Dunelm’s targets and…
Read MoreRoyal Mail Net-Zero targets validated by SBTi
Royal Mail’s Net-Zero and near-term targets have been validated by the Science Based Targets initiative (SBTi). SBTi has validated that the corporate greenhouse gas emissions reduction targets submitted by Royal Mail are in line with the latest climate science to limit global warming to 1.5°C above pre-industrial levels. The targets are part of Royal Mail’s Steps to Zero strategy which outlines how it will achieve Net-Zero by 2040. Steps to Zero builds on the company’s position as the UK’s greenest delivery option for letters and parcels*. Royal Mail’s ‘feet on the…
Read MoreBurberry receives SBTi approval for net-zero emissions target
Burberry is the first luxury fashion brand and one of the first companies globally to receive approval from the Science Based Targets initiative (SBTi) for its net-zero emissions target. This validation confirms that the goals Burberry has set to reach net-zero emissions by 2040 are based on the latest climate science and meet the urgent need to keep warming to 1.5°C in line with the Paris Agreement. Burberry’s net-zero target is underpinned by a series of commitments across scope 1, 2 and 3 emissions. In the near term, we…
Read More