Tag: Science Based Targets initiative

Warner Music Group’s Greenhouse-Gas Reduction Targets Validated By The Science Based Targets Initiative

Stuart Mitchell

Warner Music Group, one of the world’s largest record companies, today announced that its near-term greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi), reinforcing the company’s dedication to environmental sustainability.WMG has established ambitious targets to reduce its GHG emissions across all scopes, committing to: Reduce absolute scope 1 and 2 GHG emissions 54.6% by FY2033 from a FY2023 base year Reduce absolute scope 3 GHG emissions from purchased goods and services, upstream transportation and distribution and business travel 32.5% within the same…

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Pandora’s net-zero climate goal validated by the Science Based Targets initiative

Stuart Mitchell

The leading corporate climate action organization Science Based Targets initiative (SBTi) has announced that is has validated Pandora’s target to become a net-zero business by 2040. This validation marks a significant milestone in Pandora’s sustainability journey. It affirms the company’s ambition to decarbonize at the pace and scale required to align with the Paris Agreement’s goal of limiting global temperature rise to 1.5°C.  To reach net-zero, a company must cut emissions by at least 90% across its full value chain and use permanent carbon removal to balance out any residual…

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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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