Published: 14 September 2018 14 September 2018
Siemens Gamesa Renewable Energy (SGRE) has announced its formal commitment to the Science Based Targets Initiative (SBTi). SGRE is committed to addressing climate related risks and opportunities, together with setting absolute reduction and efficiency targets related to emissions.
By signing this agreement with SBTi, SGRE will be developing a measurable, science-based emissions reduction target within 24 months, which will be independently validated by SBTi’s team of technical experts. SBTi, a collaborative initiative between the Carbon Disclosure Project, the United Nations Global Compact, World Resources Institute, the World Wide Fund for Nature, and the We Mean Business coalition, encourages companies to commit to making measurable reductions in carbon emissions at a level necessary to meet the 2 degree Celsius warming target set in the Paris Climate Accord. With technical resources, case studies, and promotional events, SBTi is working toward science based reductions targets becoming standard business practice by 2020. Nearly 500 companies have already made the commitment, of which 100 companies have already turned their commitments into targets.