Tag: Science Based Targets initiative

Swegon commits to Science Based Targets initiative

Stuart Mitchell

Swegon, a market leading supplier in the field of indoor environment, proudly announces its commitment to the Science Based Targets initiative. By committing to the science-based net-zero emission targets, Swegon aims to play its part in reducing global greenhouse gas emissions and creating a more sustainable future. “We are excited to join the Science Based Targets initiative as part of our ongoing commitment to environmental responsibility. We have for years actively worked to reduce our emissions by several initiatives such as introducing recycled and renewably produced steel in our products,…

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Corporate climate action gets a boost with upgrade to target validation and standard setting

Stuart Mitchell

The Science Based Targets initiative announces major transformation as it incorporates in the United Kingdom. Following the hottest three months ever recorded, the need for urgent, robust climate action has never been clearer, prompting the Science Based Targets initiative (SBTi) to separate out its validation services division to further boost credibility and integrity for businesses and financial institutions setting science-based targets. The transformation comes as the SBTi announces its new Chair and two new independent Trustees. By creating a separate entity for target validation services, the SBTi is adopting the…

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Corporate climate action accelerated in 2022, with an 87% increase in companies setting science-based targets

Stuart Mitchell

The Science Based Targets initiative (SBTi) reported a sharp rise in companies setting science-based targets in 2022, with 87% more having their targets validated (1,097), more than the entire previous seven years combined (1,082). In the SBTi Monitoring Report 2022, Japan emerged as a leader, with more companies setting targets there than in any other country. Companies with science-based targets represented 40% of the NIKKEI index by the end of 2022. Asia showed strong growth overall with a 127% increase in companies setting a science-based target in 2022. China experienced…

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Nasdaq’s Net-Zero Target Approved by The Science Based Targets Initiative

Stuart Mitchell

Nasdaq has announced that its near- and long-term science-based emissions reduction targets have been approved by The Science Based Targets initiative (SBTi). Nasdaq has pledged to reduce absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions 100% and absolute Scope 3 GHG emissions 50% by 2030. SBTi has also validated Nasdaq’s pledge to reduce Scope 3 GHG emissions 95% to reach net-zero by 2050. Nasdaq is committed to using its environment, social, and governance (ESG) efforts to lead the shift toward creating more sustainable capital markets. Guided by our…

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

Stuart Mitchell

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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