Tag: Science Based Targets

WWF and CI to Co-lead Launch of the Science Based Targets Network Ocean Hub

Stuart Mitchell

The Science Based Targets Network (SBTN) Ocean Hub officially launched its first workstream: Seafood Value Chains. World Wildlife Fund (WWF) and Conservation International (CI) will co-lead the workstream to help companies adopt a roadmap for integrated action on nature and climate. The announcement comes as world leaders meet in Lisbon, Portugal, for the United Nations Oceans Conference, focused on “Scaling up Ocean Action Based on Science and Innovation for the Implementation of Goal 14: Stocktaking, Partnerships, and Solutions.” “Our oceans today may be facing unprecedented challenges, but a nature-positive future…

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Grosvenor supports a third of its supply chain to achieve a science based target

Stuart Mitchell

38 SME suppliers start a path to a Science Based Target this week by participating in Grosvenor Property UK’s pioneering Net Zero Mentoring Programme. Building on the business’ experience of gaining a validated Science Based Target in 2021, Grosvenor has partnered with Heart of The City to create a free programme to help SME suppliers, with less than 500 employees, map and reduce their own carbon footprint. Over eight months, companies including Elliott Wood, TFT, Barr Gazetas and Collins Construction will gain support across workshops, clinic sessions and 1:1 mentoring…

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Cranswick plc reveals approved 1.5 degree aligned Science Based Targets for Scope 1, 2 and 3

Stuart Mitchell

Cranswick plc has received approval on industry leading 2030 Science Based Targets which will see it reduce scope 1, 2 and 3 emissions to the level required to keep global warming to 1.5 degrees – the most ambitious goal set of the Paris Agreement. These targets have been validated by The Science Based Targets initiative (SBTi). The approved targets are consistent with those needed to reduce greenhouse gas (GHG) emissions from the Group’s scope 1 and 2 operations by 50% by 2030 and reduce GHG emissions from its scope 3…

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330+ target-setting firms reduce emissions by a quarter in five years since Paris Agreement

Stuart Mitchell

Analysis of 338 companies (including Enel, Mastercard and Tesco) shows companies with ambitious science-based targets (SBTs) are delivering on Paris-aligned ambition, with emissions reductions at scale. SBTi companies deliver on emissions cuts: companies with science-based targets have reduced their combined emissions by 25% since 2015, contrasting with an increase of 3.4% in global emissions from energy and industrial processes over the same period. Target-setters are ahead of schedule: since setting a science-based target, a typical SBTi company is reducing annual emissions at a rate that exceeds the rate needed to…

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Science Based Targets initiative validates Ferrero’s climate goals

Stuart Mitchell

Ahead of the five-year anniversary of the adoption of the Paris Agreement on December 12, Ferrero announced that the independent Science Based Targets initiative (SBTi) has validated Ferrero’s climate goals, which the company released earlier this year: By 2030, Ferrero aims to halve all emissions from its owned operations (Scope 1 and 2) and commits to reducing emissions by 43% for each tonne of product produced across all scopes. Both targets use 2018 as a base year. The SBTi has also approved that Ferrero’s target on reducing emissions from its owned…

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