Announcement: Our science-based target has been approved!
We are delighted to announce that our proposed emissions target has just been approved by the Science Based Targets Initiative (SBTI), following a very thorough expert validation process.
We have become the world’s first zero carbon company to have our climate goal – to maintain zero operational emissions and dramatically cut (Scope 3) value chain emissions by 2030, approved by the Science Based Targets initiative (SBTi).
We now join a group of 210 other global organisations to have received approval of targets, and only a handful to have aligned targets covering our operational emissions with a 1.5°C global warming trajectory. This is consistent with levels required to meet the goals of the Paris Agreement.
We have committed to the following:
Carbon Credentials commits to maintain zero absolute Scope 1 and 2 GHG emissions by not consuming fuels and continuing to use electricity from renewable sources through 2030.
Carbon Credentials commits to reduce Scope 3 GHG emissions from purchased goods and services by 65% per million GBP (British pounds) added value and by 40% from business travel per passenger-km by 2030 from a 2017 base year.
Carbon Credentials commits that 30% of its suppliers by spend covering purchased goods & services will set science-based Scope 1 and 2 targets by 2030.
As a fast-growing organisation, we are absolutely committed to growing sustainably. Which is why we are considered carbon neutral within our operations and always will be (we procure a REGO-backed green energy tariff), and have set scope 3 targets that meet the SBTi’s criteria for ambitious value chain goals, meaning they are in line with current best practice.
Each target comes with its own associated action that we have identified:
What is a Science-based Target?
Science-based targets provide companies with a clearly defined pathway to future-proof growth by specifying how much and how quickly they need to reduce their greenhouse gas emissions. The SBTI is a is a collaboration between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), which champions science-based target setting as a powerful way of boosting companies’ competitive advantage in the transition to the low-carbon economy.
Overall more than 550+ companies around the world have joined the initiative’s call-to-action so far, committing to setting a target within two years.
In 2015 we established ‘project spotlight’; our internal engagement initiative. Project Spotlight ensures that we engage with our colleagues and hold each other accountable to ‘walk the talk’ on sustainability. Using our knowledge of implementing strategies for our clients, we have used project spotlight to shine a spotlight on our own actions and behaviours and have had several successes including monitoring our energy savings during bank holiday shutdowns and installing a living wall in our office. Our company’s SBT is the latest project that Project Spotlight has successfully taken on and implemented into the business.
For guidance on how you company can join the mission to avoid the worst impacts of climate change, contact us on firstname.lastname@example.org and our well-equipped science-based target setting team can talk you through the process.