Responsible for developing the electricity distribution networks vital to achieve net-zero carbon emissions, SSEN Distribution has signed a commitment letter to set science-based reduction targets for its own operations, which will see the network operator strive to cut emissions further and faster.
A science-based target is a target for greenhouse gas emissions reductions that is set based on the level of reduction that science says is required to prevent the worst impacts of climate change in line with the Paris Agreement -- to limit global warming to well-below 2 degree C above pre-industrial levels and pursue efforts to limit warming to 1.5 degree C. The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World Wild Fund for Nature. (Source: SSE plc, Website, Jan., 2021) Contact: SSE, Shirley Robertson, ED2 Sustainability Strategy Lead, www.sse.com; Science Based Targets,
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PepsiCo's climate goals were approved by the Science Based Targets initiative, a collaboration of leading nonprofits that helps companies ensure their strategies match scientific need. The company has also signed on to the Business Ambition for 1.5 degree C pledge. (Source: PepsiCo Inc., Website PR, Jan., 2021) Contact: PepsiCo, www.pepsico.com/contact; Science Based Targets Initiative
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The programme was initially launched as a pilot in the Nordics in February. During the first nine months, customers helped offset 26,000 tonnes of carbon emissions, the equivalent to almost 1,800 European flights.
Lenovo is focusing on long-term decarbonisation. Last year, the company set science-based targets to halve emissions from its operations and reduce value chain impacts by 25 pct by 2030, with a view to reaching net-zero emissions by 2050. The new targets have been approved by the Science Based Targets Initiative (SBTi) and are aligned to limiting global temperature rise to 1.5C above pre-industrial levels, as envisioned by the Paris Agreement.
(Source: Lenovo, PR, edie 6 Jan., 2020) Contact: Lenovo, www.lenovo.com
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Launched in 2019, PCAF will offer a consistent approach to portfolio carbon accounting that provides financial institutions the information required to inform actions and strategy, set climate targets, assess climate transition risks, and disclose progress. This approach feeds into the work of other climate disclosure guidelines and reporting initiatives, such as the Task Force on Climate-related Financial Disclosures (TCFD), Science Based Targets initiative (SBTi), and CDP, according to the release.
As of December 31, 2019, Hannon Armstrong's investments have avoided 3.2 million metric tpy of CO2e. .
The company is the first U.S. public company solely dedicated to investments in climate change solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $6 billion in managed assets as of June 30, 2020. Hannon Armstrong's core purpose is to make climate-positive investments with superior risk-adjusted returns
(Source: Hannon Armstrong, Website, PR, Sept., 2020) Contact: Partnership for Carbon Accounting Financials, www.carbonaccountingfinancials.com; Hannon Armstrong, Jeffrey W. Eckel, CEO, . (410) 571-6189, email@example.com, www.hannonarmstrong.com
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To that end the company plans to increase the use of low-carbon alternatives in cement mixtures and plans to operate its first net-zero cement plant by the end of the decade. The company presently operates five pilot plants that could potentially meet that goal by 2030.
Swiss-based LafargeHolcim's targets have been approved by the Science Based Targets Initiative which requires companies to set shorter-term goals on the way to reaching net-zero.
(Source: LafargeHilcim Ltd., PR, BNN, Sept., 2020) Contact: LafargeHolcim Ltd, Magali Anderson, Chief Sustainability Officer, Stephanie Sulcer, Communications, 847 716 0368, firstname.lastname@example.org, www.lafargeholcim.com
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Michelin aims to reduce absolute scope 1 and 2 GHG emissions by +38 pct by 2030 from a 2010 base year and to reduce absolute scope 3 GHG emissions from fuel and energy related activities; upstream and downstream transportation and distribution; and end-of-life treatment of sold products by +15 pct by 2030 from a 2018 base year. Michelin also commits that +70 pct of its suppliers by emissions covering purchased goods and services will have science-based targets by 2024. (Source: Michelin Group. PR, 21 May, 2020) Contact: Michelin Group, www.michelin.com; SBTi, www.sciencebasedtargets.org
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According to a company statement, "The energy industry has a key role to play in reducing the effects of climate change. Schlumberger seeks to lead positive, measurable changes in greenhouse gas emissions within the industry to help reduce climate change. The application of our industry-leading environmentally responsible technologies will help drive process efficiency and environmental footprint reduction."
Science Based Targets claims participation from 754 companies around the world.
Under the program, participating companies assess and make their emissions reduction goals that are in line with what climate scientists say is needed to meet the goals of the Paris Agreement, a global treaty signed in April 2016 to fight climate change.
(Source: Schlumberger, Oil & Gas, Houston Chronicle, 20 Dec., 2019) Contact: Schlumberger, www.slb.com; Science Based Targets initiative, email@example.com, www.sciencebasedtargets.org
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In 2011, Kingspan announced a Net Zero Energy program with a 2020 target to match 100 pct of its operational energy use with renewable energy. The company is on track to achieve this goal. As part of this program, Kingspan also joined the Science Based Targets initiative, setting a target of 10 pct reduction in Scope 1, 2 and 3 greenhouse gas emissions. (Source: Kingspan, PR, Dec., 2019) Contact: Kingspan, +44 (0)1352 716100,
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Participating companies include: Acciona, AstraZeneca, Banka BioLoo, BT, Dalmia Cement Ltd., Eco-Steel Africa Ltd., Enel, Hewlett Packard Enterprise, Iberdrola, KLP, Levi Strauss & Co., Mahindra Group, Natura &Co, Novozymes, Royal DSM, SAP, Signify, Singtel, Telefonica, Telia, Unilever, Vodafone Group PLC and Zurich Insurance, amongst others, collectively representing over one million employees from 17 sectors and more than 16 countries.
(Source: UN Global Compact, PR, COMTEX, 23 July, 2019) Contact: UN Global Compact, (212) 907-1301, www.unglobalcompact.org; Science Based Targets Initiative, +44 (0) 20 3818 3916,
Sarah.Savage@cdp.net, www.sciencebasedtargets.org; We Mean Business Coalition, Kristen King, (904) 608- 1745
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According to the Burberry release, goals have been approved by the Science Based Targets initiative (SBTi) and are consistent to the reductions required to limit global warming to 1.5C.
Burberry has already achieved carbon neutral status across the Americas region, EMEIA retail stores and its UK operations and has reduced its market-based emissions compared to the 2016/17 year, having recorded a 43 pct over a two-year period.
(Source: Burberry, edie, 25 June 2019)Contact: Burberry, www.burberryplc.com/en/contacts.html
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The Science Based Targets initiative (SBTi) is a joint collaboration between the Carbon Disclosure Project, the United Nations Global Compact, World Resources Institute, the World Wide Fund for Nature, and the We Mean Business coalition, intended to encourage and support companies to commit to making measurable reductions in their carbon emission levels at a scale that actively contributes to meeting the 2 degree C warming target set in the Paris Climate Accord.
Nearly 500 companies worldwide have committed to SBTI. (Source: Siemens Gamesa, SBTI, CleanTechnica, 18 Sept., 2018)Contact: Siemens Gamesa Renewable Energy, Markus Tacke, www.siemensgamesa.com; Science Based Targets initiative, firstname.lastname@example.org, www.sciencebasedtargets.org
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The global RE100 initiative aims to support and bring together companies making 100 pct renewable energy commitments formed by The Climate Group in partnership with CDP -- fka Carbon Disclosure Project.
Fujitsu's renewable move is in keeping with the company's medium- to long-term environmental effort to lower its CO2 emissions to zero by 2050. The company's carbon emissions target was approved by the Science Based Targets initiative last August.
(Source: Fujitsu, CleanTechnica, 24 July, 2018)
Contact: Fujitsu Ltd., Public Relations, +81 3 3215 5259, www.fujitsu.com; Science Based Targets initiative, www.sciencebasedtargets.org
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Science-based targets provide a path forward for companies to reduce their greenhouse gas emissions to a level that will meaningfully help keep the global temperature increase below 2 degrees C, compared to pre-industrial temperatures.
Molson Coors plans to cut its absolute carbon emissions by 50 pct within its own operations and by 20 pct across its value chain by 2025, and has submitted its plan for official review by the Science Based Targets Initiative.
(Source: Molson Coors, PR, BevNet, 12 July, 2018) Contact: Molson Coors, www.millercoors.com; Science Based Targets initiative, www.sciencebasedtargets.org
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Under the SBT initiative, companies publicly commit to a detailed emissions reduction goal which is then independently verified as being in line with the trajectory suggested by scientists to give the world a reasonable chance of keeping temperature increases below 2 degree C above pre-industrial levels.
(Source: MacDonalds, businessgreen, 20 Mar., 2018)
Contact: Science Based Targets initiative, www.sciencebasedtargets.org
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