We are delighted to announce that the Science Based Targets initiative has validated our near-term, long-term, and overall Net-Zero targets for reducing greenhouse gas (GHG) emissions: Near-term, we commit to reduce absolute scope 1 and 2 GHG emissions 50.4% and to reduce absolute scope 3 GHG emissions 50.4% by FY2033
Long-term, we commit to reduce absolute scope 1 and 2 GHG emissions 90% by FY2040 and to reduce absolute scope 3 GHG emissions by 90% by FY2050
Overall, our net-zero target is to reach net-zero GHG emissions across the value chain by FY2050.
All targets are set from an FY2023 base year. The target boundary includes land-related emissions and removals from bioenergy feedstocks.
These targets fully support our strategic Net Zero Roadmap 2050, and also align with the Paris Climate Agreements aim to limit global warming to 1.5-degreeC and build resilience to climate change. We are also one of the first ten companies in the
What is Science Based Targets initiative?
The Science Based Targets initiative (SBTi) is a global body with a goal to accelerate companies across the world to support the global economy to halve emissions before 2030 and achieve net-zero emissions before 2050.
It is a collaboration between CDP, the United Nations Global Compact,
The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies' targets.
Contact:
Tel: +44(0) 1845 577896
Fax: +44(0) 1845 577411
Email: info@severfield.com
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