EXECUTIVE INSIGHT
“In September 2023 , suppliers accounting for 75 % of our supply chain were required to provide detailed carbon reduction plans ”
Q . WHAT IS THE SCIENCE BASED TARGETS INITIATIVE , AND WHY IS IT RELEVANT FOR COMPANIES LOOKING TO BOOST SUSTAINABILITY ?
» The Science Based Targets initiative ( SBTi ) is a partnership between the Carbon Disclosure Project ( CDP ), the United Nations Global Compact , World Resources Institute ( WRI ) and the Worldwide Fund for Nature ( WWF ) for companies seeking sustainability excellence . Its primary goal is to enable organisations within the private sector to set achievable , measurable sciencebased targets to reduce GHG emissions . Following the science and aligning with a consistent , transparent approach such as the SBTi ensures businesses are authentic and transparent in their journey and set a robust baseline to monitor the progress achieved .
They are necessary targets if we are to keep 1.5 ° C alive . The science informs us that anything above this will create catastrophic impacts .
Setting science-based targets ensures net zero strategies are aligned with climate science and on a pathway for limiting global warming to 1.5 ° C above pre-industrial levels .
For Sodexo our business is large and complex , we provide a diverse range of services to large business and public sector clients , so to ensure our net zero strategy was thorough , impactful and transparent we opted to utilise the SBTi framework .
By adhering to SBTi , businesses contribute to global efforts in mitigating climate risks , cultivating long-term sustainability and showcasing responsible corporate citizenship , and here at Sodexo we are very proud to be playing a leading role .
20 April 2024