Tag: Science Based Targets

330+ target-setting firms reduce emissions by a quarter in five years since Paris Agreement

Stuart Mitchell

Analysis of 338 companies (including Enel, Mastercard and Tesco) shows companies with ambitious science-based targets (SBTs) are delivering on Paris-aligned ambition, with emissions reductions at scale. SBTi companies deliver on emissions cuts: companies with science-based targets have reduced their combined emissions by 25% since 2015, contrasting with an increase of 3.4% in global emissions from energy and industrial processes over the same period. Target-setters are ahead of schedule: since setting a science-based target, a typical SBTi company is reducing annual emissions at a rate that exceeds the rate needed to…

Read More

Science Based Targets initiative validates Ferrero’s climate goals

Stuart Mitchell

Ahead of the five-year anniversary of the adoption of the Paris Agreement on December 12, Ferrero announced that the independent Science Based Targets initiative (SBTi) has validated Ferrero’s climate goals, which the company released earlier this year: By 2030, Ferrero aims to halve all emissions from its owned operations (Scope 1 and 2) and commits to reducing emissions by 43% for each tonne of product produced across all scopes. Both targets use 2018 as a base year. The SBTi has also approved that Ferrero’s target on reducing emissions from its owned…

Read More

AECOM leads industry with Science Based Targets initiative-approved emissions reduction targets

Stuart Mitchell

AECOM have announced that its ambitious emissions reduction targets have been approved by the globally-recognized Science Based Targets initiative (SBTi). At the time of approval, AECOM was the first and only U.S.-based company in the engineering and construction sector to have set approved targets. Designed to meet the goals of the Paris Agreement, these targets include a 20 percent reduction in scope 1 and 2 emissions and a 10 percent reduction in supply chain emissions by 2025 from the firm’s 2018 baseline. “During these unprecedented times, business resilience and continuity…

Read More

Science Based Targets Initiative Approves Ricoh’s New Environmental Goals which align with their 1.5°C criteria

Stuart Mitchell

Ricoh Company, Ltd., announced that it has met Science Based Targets Initiative (SBTi) criteria for setting emissions reduction goals that help limit the rise in global temperature to 1.5°C above pre-industrial levels. The SBTi is a joint initiative of CDP, the UN Global Compact, the World Resources Institute, and the World Wildlife Fund that aims to enable leading companies to set ambitious and meaningful corporate greenhouse gas reduction targets. The SBTi recognition stems from a Ricoh decision to review its Group Environmental Goals under its 20th Mid-Term Management Plan, which…

Read More

Nilfisk Joins the Science Based Targets Initiative – Commits to Reduce Carbon Footprint by 35 Percent

Stuart Mitchell

Nilfisk acknowledges the importance of making a serious effort to reduce its climate footprint and is ready to take the next step toward doing so by joining the Science Based Targets initiative (SBTi). The SBTi is the only global initiative that directly links a company’s carbon-emission targets to the Paris Agreement and associated global efforts, in order to keep the rise in global temperature below 1.5°C. Nilfisk is committed to reducing its carbon footprint resulting from direct emissions, as well as emissions from purchased electricity, by at least 35% before…

Read More