Tag: Science Based Targets initiative

Science Based Targets initiative launches process to develop first science-based global standard for corporate net-zero targets

Stuart Mitchell

The Science Based Targets initiative (SBTi) has launched a process to develop the first science-based global standard for corporate net-zero target setting, to ensure that companies’ net-zero targets translate into action that is consistent with achieving a net-zero world by no later than 2050. The process is marked with the publication of a new paper that lays out the conceptual foundations for credible, science-based net-zero targets for the corporate sector. The 2018 Special Report on 1.5°C from the Intergovernmental Panel on Climate Change (IPCC) warned that global emissions must drop…

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thyssenkrupp climate targets approved – science-based and in line with global climate agreement

Stuart Mitchell

The Science Based Targets initiative (SBTi) has approved thyssenkrupp’s climate targets. At the same time the organization has confirmed that thyssenkrupp is acting in line with the goals of the 2015 Paris climate conference, where the international community agreed to limit future global warming to well below two degrees. The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Its aim is to establish science-based climate targets as standard business practice, by defining and promoting best…

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HAVI Accelerates Its Sustainability Drive By Committing To A 40% Cut In Carbon Emissions By 2030

Stuart Mitchell

HAVI, a global supply chain management and logistics provider to leading multinational brands, has taken a major step forward in its commitment to combatting global climate change by joining the Science Based Targets initiative (SBTi). This announcement comes at a time when it is clearer than ever that a firm commitment to embedding a culture of sustainability is fundamental to limiting global warming.   HAVI is one of the first ten companies globally with approved SBTi’s in the Airfreight, Transportation and Logistics sector. More broadly, it joins a relatively small group of…

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Firmenich Adopts Ambitious Science-Based Targets To Tackle Climate Change

Stuart Mitchell

Building on its industry leadership in environmental management, Firmenich has joined the Science Based Targets initiative, committing to reduce absolute Scope 1 and 2 CO2 emissions by 39% and Scope 3 emissions by 20% by 2030. Taking its ambitious 2020 environmental goals to the next level, the perfume and taste company is one of 149 companies worldwide to have approved science-based targets. “I am proud that Firmenich is one of only 149 companies to have its goals approved by the Science Based Targets initiative,” said Gilbert Ghostine, CEO Firmenich. “These…

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McDonald’s Becomes the First Restaurant Company to Set Approved Science Based Target to Reduce Greenhouse Gas Emissions

Stuart Mitchell

McDonald’s has announced it will partner with franchisees and suppliers to reduce greenhouse gas emissions related to McDonald’s restaurants and offices by 36% by 2030 from a 2015 base year in a new strategy to address global climate change. Additionally, McDonald’s commits to a 31% reduction in emissions intensity (per metric ton of food and packaging) across its supply chain by 2030 from 2015 levels. This combined target has been approved by the Science Based Targets initiative (SBTi). Through these actions, McDonald’s expects to prevent 150 million metric tons of…

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