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Otis Commits to Setting Science-Based Targets to Reduce Greenhouse Gas Emissions

Retrieved on: 
Thursday, November 9, 2023

FARMINGTON, Conn., Nov. 9, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) today announced its commitment to setting near-term science-based greenhouse gas (GHG) reduction targets, which have been formally submitted to the Science Based Targets Initiative (SBTi) for evaluation. 

Key Points: 
  • FARMINGTON, Conn., Nov. 9, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) today announced its commitment to setting near-term science-based greenhouse gas (GHG) reduction targets, which have been formally submitted to the Science Based Targets Initiative (SBTi) for evaluation.
  • The submission includes proposed GHG emissions reduction targets for Scopes 1, 2 and 3, against a 2021 baseline.
  • This SBTi commitment stands as a significant addition to Otis' existing public Environmental, Social and Governance (ESG) objectives and underscores Otis' dedication to combat climate change with decisive and principled action.
  • It defines and promotes best practices in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies' targets.

Charter Next Generation Announces SBTi Validation of Science-Based Emissions Reduction Targets

Retrieved on: 
Tuesday, November 7, 2023

Recognizing the urgency to address climate change, CNG has committed to achieving net-zero greenhouse gas (GHG) emissions across its entire value chain by 2050.

Key Points: 
  • Recognizing the urgency to address climate change, CNG has committed to achieving net-zero greenhouse gas (GHG) emissions across its entire value chain by 2050.
  • The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science.
  • SBTi is focused on accelerating companies worldwide to halve emissions before 2030 and achieve net-zero emissions before 2050.
  • For more information about Charter Next Generation and its commitment to sustainability, please visit cnginc.com.

Nexthink Commits to reach a Net-Zero Standard by 2050

Retrieved on: 
Monday, October 30, 2023

Nexthink today announced it has signed the commitment letter to the Science Based Targets initiative (SBTi) to achieve a Net-Zero Standard by 2050.

Key Points: 
  • Nexthink today announced it has signed the commitment letter to the Science Based Targets initiative (SBTi) to achieve a Net-Zero Standard by 2050.
  • The company is aiming to reduce greenhouse gas emissions by at least 42% by 2030, and 90% by 2050.
  • Nexthink's targets are designed to meet those of the Paris Agreement - limiting global warming to 1.5°C above pre-industrial levels - and will work with the SBTi to validate this trajectory.
  • The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

A Global Turning Point: Unprecedented Industry Collaboration Paves Way for Decarbonization of Supply Chains

Retrieved on: 
Wednesday, October 25, 2023

In an industry first, leading corporate energy customers came together to launch the Clean Energy Procurement Academy to equip companies with the technical readiness to explore and adopt clean energy, an essential factor in global decarbonization.

Key Points: 
  • In an industry first, leading corporate energy customers came together to launch the Clean Energy Procurement Academy to equip companies with the technical readiness to explore and adopt clean energy, an essential factor in global decarbonization.
  • “To address the climate crisis, we need to act quickly to expand access to clean energy around the world.
  • Businesses can help drive that change,” said Sarah Chandler, Apple’s Vice President of Environment and Supply Chain Innovation.
  • Through the collaborative efforts of these corporations and suppliers, the initiative aims to rapidly advance clean energy procurement, address Scope 3 emissions, and decarbonize global supply chains.

ALOM Goals to Lower Greenhouse Gas Emissions Validated by Science Based Targets initiative (SBTi)

Retrieved on: 
Tuesday, October 10, 2023

FREMONT, Calif., Oct. 10, 2023 /PRNewswire-PRWeb/ -- ALOM, a global leader in supply chain management, announced today the Science Based Targets initiative (SBTi) has verified ALOM's net-zero science-based target to reduce greenhouse gas (GHG) emissions by 2030. Setting science-based targets supports an ambitious roadmap to a zero-carbon economy and promotes a global net-zero energy system. SBTi Science Based Targets are in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement – limiting global warming to 1.5°C above pre-industrial levels.

Key Points: 
  • FREMONT, Calif., Oct. 10, 2023 /PRNewswire-PRWeb/ -- ALOM, a global leader in supply chain management, announced today the Science Based Targets initiative (SBTi) has verified ALOM's net-zero science-based target to reduce greenhouse gas (GHG) emissions by 2030.
  • SBTi Science Based Targets are in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement – limiting global warming to 1.5°C above pre-industrial levels.
  • ALOM has implemented measurable greenhouse gas emission-reducing initiatives that are rooted in climate science and apply to every aspect of our business.
  • Read about the company's ESG commitment and download its 2023 ESG report: https://alom.com/esg-centric-values/
    To learn more about Science Based Targets initiative, visit https://sciencebasedtargets.org/

L.E.K. Consulting Emissions Reduction Targets Approved by Science Based Targets Initiative

Retrieved on: 
Thursday, September 28, 2023

BOSTON, Sept. 28, 2023 /PRNewswire/ -- L.E.K. Consulting today announced that the Science Based Targets initiative (SBTi) has validated its ambitious science-based emissions reduction targets to reach net-zero greenhouse gas (GHG) emissions by 2050, making it the first major global strategy consultancy to have a net-zero target approved by the SBTi.

Key Points: 
  • Consulting today announced that the Science Based Targets initiative (SBTi) has validated its ambitious science-based emissions reduction targets to reach net-zero greenhouse gas (GHG) emissions by 2050, making it the first major global strategy consultancy to have a net-zero target approved by the SBTi.
  • joined the SBTi and committed to set near- and long-term emissions reduction targets in line with the latest climate science.
  • Consulting's approved science-based emissions reduction targets include:
    Overall net-zero: Reach net-zero GHG emissions across the value chain by 2050.
  • has already made strong progress toward its environmental goals, with a 26% reduction in total emissions compared to 2019.

Philip Morris International Receives Science-Based Targets initiative (SBTi) Validation for its Forest, Land, and Agriculture (FLAG) Emissions Reductions Targets

Retrieved on: 
Thursday, September 21, 2023

Philip Morris International Inc. (PMI) (NYSE: PM) announced today that the Science Based Targets initiative (SBTi) has verified its Forest, Land, and Agriculture (FLAG) emissions reductions targets.

Key Points: 
  • Philip Morris International Inc. (PMI) (NYSE: PM) announced today that the Science Based Targets initiative (SBTi) has verified its Forest, Land, and Agriculture (FLAG) emissions reductions targets.
  • The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science.
  • FLAG: Philip Morris International commits to reduce absolute scope 3 FLAG GHG emissions 33.3% by 2030 from a 2019 base year.
  • FLAG: Philip Morris International commits to reduce absolute scope 3 FLAG GHG emissions 72% by 2040 from a 2019 base year.

Industry leaders urged to contribute to a comprehensive new climate report card to shape UN climate negotiations

Retrieved on: 
Monday, September 18, 2023

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- Following the publication of the United Nations Framework Convention on Climate Change (UNFCCC) Global Stocktake Synthesis Report, the report card on progress against the Paris Agreement, We Mean Business Coalition and Bain & Company are calling on businesses to take part in a supporting process—The Corporate Climate Stocktake—to shape UN climate negotiations.

Key Points: 
  • The first UNFCCC Global Stocktake represents a critical moment to course correct and accelerate climate action where it is most needed.
  • In contrast to the Global Stocktake, which focusses on country-level emissions, the Corporate Climate Stocktake examines the pace of clean energy adoption within economic sectors.
  • These are among the emerging insights of the Corporate Climate Stocktake, which will be published in full ahead of COP28.
  • Editor's Note: For more information or interview requests please contact Katie Ware at [email protected] or +1 646 562 8107.

Vantiva’s Commitments for Near-Term Greenhouse Gas Emissions Reductions Validated by the Science Based Targets initiative

Retrieved on: 
Thursday, September 7, 2023

Paris, France – September 7, 2023 - Vantiva (Euronext Paris: VANTI), formerly known as Technicolor, today has announced that its near-term greenhouse gas emissions reduction targets have been validated by the Science Based Targets initiative (SBTi).

Key Points: 
  • Paris, France – September 7, 2023 - Vantiva (Euronext Paris: VANTI), formerly known as Technicolor, today has announced that its near-term greenhouse gas emissions reduction targets have been validated by the Science Based Targets initiative (SBTi).
  • The SBTi has determined Vantiva’s scope 1 and 2 targets are in-line with the 1.5°C trajectory.
  • Vantiva has pledged also to establish long-term emissions with the SBTi in-line with reaching net-zero by 2050.
  • Vantiva also commits to reduce scope 3 greenhouse gas emissions from use of sold products 52% per unit sold by 2030 from a 2021 base year.

LONGi Receives Science Based Target initiative (SBTi) Approval for Emission Reduction Targets

Retrieved on: 
Friday, August 11, 2023

XI'AN, China, Aug. 11, 2023 /PRNewswire/ -- LONGi, the world leading solar technology company on August 11, 2023 announced that its emission reduction targets were approved by the independent Science Based Targets initiative (SBTi).

Key Points: 
  • XI'AN, China, Aug. 11, 2023 /PRNewswire/ -- LONGi, the world leading solar technology company on August 11, 2023 announced that its emission reduction targets were approved by the independent Science Based Targets initiative (SBTi).
  • With the approval, LONGi has become one of more than 4600 companies worldwide that have joined the SBTi and set science-based targets.
  • Among them, LONGi is the first Chinese solar photovoltaic company that has obtained the official validation.
  • This year, LONGi's near-term target has been approved by the SBTi, aligning with the 1.5℃ target in the Paris Agreement.