Airbus decarbonisation targets validated by the Science Based Targets Initiative (SBTi)

Airbus has received approval from the Science Based Targets initiative (SBTi) for its greenhouse gas emissions near-term reduction targets. In 2022, Airbus officially committed to defining science-based targets for the entire set of its emissions and submitted near-term targets that have now been independently assessed and validated by the SBTi. As part of this commitment, Airbus intends to reduce its Scope 1 and Scope 2 industrial emissions by up to 63% by 2030, in line with a 1.5°C pathway. The Company also committed to reducing by 46% the greenhouse gas…

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Companies committed to cut emissions in line with climate science now represent $38 trillion of global economy

The SBTi has launched its third annual assessment of the initiative’s impact since its launch in 2015. The 2021 Progress Report ‘Scaling Urgent Corporate Climate Action Worldwide’ reveals that the SBTi has entered a period of exponential growth with SBTi companies now representing over a third of global market capitalization, worth $38 trillion USD – up from 20% in 2020. (SBTi companies refers to companies with science-based targets approved by the SBTi and companies with commitments to set targets. Global market capitalization is the total dollar value of publicly-traded companies’…

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Science Based Targets initiative launches net-zero finance standard development process with Foundations paper

The Science Based Targets initiative (SBTi), the global body enabling businesses to set emissions reduction targets in line with climate science, is publishing a Net-Zero Foundations for Financial Institutions paper that provides new concepts for defining and setting net-zero targets for banks, asset owners, asset managers and other financial institutions. Financial institutions with US$130 trillion in assets under management are now committed to reaching net-zero emissions before 2050. However, a science-based approach is needed for them to set consistent net-zero targets with emissions reductions in line with the Paris Agreement…

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Go-Ahead’s carbon reduction targets validated by the Science Based Targets initiative

The Go-Ahead Group is pleased to announce that its emissions reduction targets have been approved by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Agreement. In a climate change strategy published last month, Go-Ahead announced that it intends to lead the UK transport industry in carbon reduction by achieving a 75% cut in emissions by 2035, and by becoming a fully carbon neutral company by 2045. This will involve a wholesale shift in technology, including converting the group’s fleet of…

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Formula E becomes first sport to join Science Based Targets initiative to tackle global warming

The ABB FIA Formula E World Championship has today become the first sport in the world to join the Science Based Targets initiative (SBTi) and the Business Ambition Pledge for 1.5°C commitment. The SBTi is a partnership between the United Nations Global Compact, World Resources Institute (WRI), CDP and the World Wide Fund for Nature (WWF) and is the lead partner of the Business Ambition for 1.5°C campaign – an urgent call to action from a global coalition of UN agencies, business and industry leaders, mobilizing companies to set net-zero…

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