Science-based Targets Initiative - (SBTi)
The Science Based Targets initiative (SBTi) is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis. Our partners are CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).
Science-based targets define how much and how quickly a business must reduce its emissions to be in line with the Paris Agreement goals. They give companies a clearly defined path to reducing greenhouse gas emissions in line with limiting global warming to 1.5°C.
Emmeti and the Purmo Group have taken up the challenge!
The Purmo Group, of which Emmeti is a member, has taken a leading role in addressing climate change.
Through the Science Based Targets (SBTi) initiative, the Group has set science-based emission reduction targets, committing to make an important contribution to a sustainable future.
In this article, we will explore the targets and our commitment to a zero-emissions world.
This commitment is part of the Business Ambition for 1.5°C campaign, which aims to limit global warming to 1.5°C compared to pre-industrial levels.
Near-Term Targets
Purmo Group commits to reduce absolute scope 1* and 2** GHG emissions by 54.6% by 2033 from a 2022 base year.
The Group also commits to reduce absolute scope 3*** GHG emissions by 32.5% within the same timeframe.
Long-Term Targets
Purmo Group commits to reduce absolute scope 1* and 2 **GHG emissions by 90% by 2050 from a 2022 base year.
The Group also commits to reducing absolute scope 3*** GHG emissions by 90% within the same timeframe.
(*) Scope 1 covers direct GHG emissions from sources that are owned or controlled by the company, for example: combustion in owned or controlled boilers, furnaces, vehicles, etc., or emissions from chemical production in owned or controlled process equipment.
(**) Scope 2 covers indirect greenhouse gas emissions from consumption of purchased electricity, heat or steam.
(***) Scope 3 emissions are all indirect emissions not included in scope 2 that occur in the value chain of the reporting company, including both upstream and downstream emissions. They also include product lifecycle emissions associated with the use of a specific product, from cradle to grave, including emissions from transport, storage, sale, use and disposal.