Tag: SBTi

Burberry receives SBTi approval for net-zero emissions target

Stuart Mitchell

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…

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The SBTi launches the world’s first standard method to cover land-related emissions and removals

Stuart Mitchell

The Science Based Targets initiative (SBTi), the global body enabling businesses to set emissions reduction targets in line with science, today launches the world’s first standard method for companies to set science-based targets that include land-based emission reductions and removals. The Forest, Land and Agriculture (FLAG) Science Based Target Setting Guidance provides businesses in land-intensive sectors such as food, agriculture and forestry with the tools to play their part in preventing the catastrophic impacts of climate change. This sector represents nearly a quarter (22%) of global greenhouse gas (GHG) emissions,…

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The Science Based Targets initiative (SBTi) announces latest developments to cement its leading position and continue to drive exponential growth

Stuart Mitchell

The Science Based Target initiative (SBTi) is unveiling three important updates to accelerate the growth of corporate climate action. The initiative is: Moving ahead with incorporation as a stand-alone entity. Calling for nominations and applications for the new SBTi Technical Council and publishing its terms of reference. Urging all stakeholders to help shape our future work by completing our survey. Incorporation of the SBTi In June 2022, the Science Based Targets initiative (SBTi) announced its intention to incorporate as a formal institution, linked to but separate from its founding partners…

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Firmenich Receives SBTi Approval For Net-Zero Emissions Target

Stuart Mitchell

Firmenich, the world’s largest privately-owned fragrance and taste company, has received approval from the Science Based Targets initiative (SBTi) for its net-zero emissions target, making it the first company in the industry and one of the first companies globally to receive approval from the SBTi.  Firmenich has both near- and long-term science-based emissions reduction targets verified and approved by the SBTi. The Group is committed to reach net-zero greenhouse gas emissions across its value chain by 2039, keeping global warming below 1.5°C in line with the Paris Agreement “I am…

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Grosvenor becomes first European property business to receive approval for both a short-term and long-term science based target

Stuart Mitchell

Grosvenor’s UK property business (GPUK) has announced that it is the first European property company to have its long-term net-zero targets approved by the Science Based Targets initiative (SBTi). This will see the organisation reducing its emissions by at least 90% by 2040 to reach net-zero. The SBTi is a partnership of some of the world’s leading environmental organisations. It supports companies to set verified carbon reduction targets needed to meet the goals of the Paris Agreement – limiting global warming to well-below 2°C above pre-industrial levels and pursuing efforts…

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