Tag: Science Based Targets

Sainsbury’s accelerates its emission reduction commitments, validated by the Science Based Targets initiative (SBTi)

Stuart Mitchell

Sainsbury’s has revealed its ambitious new targets for decreasing its greenhouse gas (GHG) emissions. These have been verified by the Science Based Targets initiative (SBTi), the global body that sets requirements for and approves emission reduction targets. Back in 2020, Sainsbury’s was one of the first UK retailers to set SBTi validated targets. The retailer had previously committed to reducing its absolute scope 1 and 2 emissions by 50% by 2030 but has now pledged a 68% reduction within the same time frame*. Sainsbury’s scope 3 emission reduction target of…

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Coca-Cola Europacific Partners’ net-zero target approved by the Science Based Targets initiative

Stuart Mitchell

Coca-Cola Europacific Partners’ (CCEP) ambitious target to reach net zero by 2040 has been validated by the Science Based Targets initiative (SBTi) as in line with climate science  CCEP’s updated science-based targets include a short-term target to reduce absolute scope 1, 2, and 3 GHG emissions 30% by 2030 (vs. 2019), and a long-term target to reduce its absolute scope 1, 2, and 3 GHG emissions 90% by 2040 (vs. 2019).   To achieve these targets, CCEP will continue its work to build carbon reduction roadmaps across all  its markets, and…

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Tesco’s ambitious net zero targets validated by Science Based Targets Initiative (SBTi)

Stuart Mitchell

Tesco has outlined an ambitious plan for emissions reduction across its own operations and value chain as it becomes one of the first retailers globally to have its net-zero science-based targets validated by the Science Based Targets Initiative (SBTi), the official body that validates climate targets. Tesco’s targets include stretching interim commitments to reduce absolute Scope 1 and 2 emissions from its own operations by 85% by 2030 from a 2015 baseline year, absolute Scope 3 emissions from energy and industrial sources by 55% by 2032 from a 2019 baseline…

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Launch of the world’s first science-based targets for nature, to mobilize businesses to address nature loss & climate change together

Stuart Mitchell

The Science Based Targets Network (SBTN) has launched the first science-based targets for nature, aiming to set the global standard for ambitious and measurable corporate action on nature. These targets are introduced against the backdrop of scientific consensus that emphasizes limiting global warming to 1.5C cannot be achieved without halting and reversing nature loss. Nature absorbs approximately half of the planet’s carbon emissions a year and with the latest research indicating that more than half of global GDP is moderately or highly dependent on nature, the business case for taking…

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Mondi’s science-based Net-Zero targets for greenhouse gas emissions reduction validated by SBTi

Stuart Mitchell

Mondi, a leading global packaging and paper solutions provider, confirms that the Science Based Targets initiative (SBTi) has assessed and approved its science-based Net-Zero targets. The targets covering greenhouse gas (GHG) emissions from Mondi’s operations and supply chain (Scopes 1, 2 and 3) are consistent with a reduction required to keep global warming to 1.5oC, needed to prevent the most damaging effects of climate change according to the latest climate science. Mondi announced its commitment to Net-Zero GHG emissions reduction in January 2022 and is among the first companies in…

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