Committed to the most ambitious temperature reduction path to address climate change

We are  reducing our future carbon emissions from our operations in line with science and are asking our suppliers (value chain) to do the same. For our future carbon reductions, we are aligning our targets with climate science – the so-called Science Based Initiative.

We have joined visionary corporate leaders with ambitions to act on climate change and to limit global warming, by committing to the Business Ambition for 1.5°C. (The 1.5 degree Celsius target for global warming was set out in the Paris Agreement.) This means that we have to reduce our future footprint from our own operations and our value chain in line with science. Our target is to become a carbon neutral company (scope 1 and 2) and have halved the carbon emissions across our value chain by 2030.
Business ambition for 1.5 degrees Celsius

Targets approved by SBTi

We have had our targets approved by the Science Based Targets initiative. In line with the Paris Agreement, our targets will reduce both our own carbon emissions (scope 1 and 2) and that of our value chain (scope 3), down to levels that climate science says is necessary to limit global warming to just 1.5°C above pre-industrial levels – the most ambitious reduction pathway.

Future-proofing our business

Business has a critical role to play in limiting global warming to 1.5°C and reversing nature loss. According to climate science, to reach the 1.5°C target of the Paris Agreement and net-zero by 2050, emissions need to be cut by 50 percent in the next decade. We believe that in being forward-thinking, we can future-proof our business by making commitments, taking action and calling for change.

Bird seen from a break in the trees in forest

City skyline

Important step to tackle climate change

Reaching global net-zero emissions by 2050 is one of most important steps in tackling climate change. The Intergovernmental Panel on Climate Change (IPCC) reports that if global temperatures rise 2°C or more above pre-industrial levels, this will lead to devastating effects on the climate, environment and natural systems. Temperatures have already risen more than 1°C, resulting in rising sea levels, diminishing ice caps and more extreme weather conditions. Halting this advance is possible but requires rapid, far-reaching and unprecedented changes across society – including in the way that companies do business.

Definitions of scope 1, 2 and 3

Scope 1 includes direct emissions from owned or controlled sources, e.g. company facilities, company cars.

Scope 2 includes indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the reporting company.

Scope 3 includes all other indirect emissions that occur in a company’s value chain, e.g. purchased goods and services, waste generation and transportation.