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The Science Based Targets initiative (SBTi), a globally recognised entity, is at the forefront of corporate climate action. Headquartered in the UK (GB), the SBTi operates internationally, driving decarbonisation efforts across diverse industries.
Founded in 2015, the SBTi's mission is to define and promote best practice in emissions reductions and net-zero targets in line with climate science. It achieves this by providing companies with a clearly defined pathway to reduce greenhouse gas emissions, preventing the worst impacts of climate change and future-proofing growth.
SBTi's core offering involves independently assessing and validating companies' emissions reduction targets against the latest climate science. This unique service empowers businesses to set ambitious, scientifically-backed goals, fostering credible and impactful sustainability strategies and solidifying the SBTi's position as a leading authority in climate target setting within the broader "Other services (93)" industry.
+12 vs industry average
SBTi’s score of 36 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Other Services has typical carbon intensity
The Other Services industry has reduced its overall emissions by 37% since 2018
Scope 3 accounts for ••• of total emissions.
SBTi reported total carbon emissions of approximately 291,200,000 kg CO2e in 2022. This included Scope 1 emissions of around 880,000 kg CO2e, Scope 2 market-based emissions of approximately 6,320,000 kg CO2e, and Scope 3 emissions totalling about 284,000,000 kg CO2e. Key contributors to Scope 3 included purchased goods and services (175,000,000 kg CO2e), upstream transportation and distribution (68,000,000 kg CO2e), and end-of-life treatment of sold products (15,600,000 kg CO2e).
Looking ahead, SBTi has set ambitious climate commitments. The organisation aims to reduce absolute Scope 1 and 2 emissions by 50% by fiscal year 2030, using a fiscal year 2018 baseline. Additionally, SBTi plans to reduce Scope 3 emissions from purchased goods and services and upstream transportation and distribution by 45% per product sold by fiscal year 2030, also from a fiscal year 2018 baseline. The company is committed to achieving net-zero greenhouse gas emissions across its entire value chain by fiscal year 2050, based on a fiscal year 2018 baseline. An additional long-term target is to reduce absolute Scope 1, 2, and 3 GHG emissions by 95% by 2040 from a 2018 baseline.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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