Fagerhult’s net-zero plan gets thumbs up
The Fagerhult Group has announced that its net zero plan has got the thumbs up from independent scientists.
The brand’s strategy has been validated and approved by the Science Based Targets initiative (SBTi). The group’s long-term target to become ‘science-based net-zero’ is set to no later than 2045.
‘We’re very proud to have our targets approved by the Science Based Targets initiative,’ Bodil Sonesson, chief executive officer of the Fagerhult Group, told the press.
‘This validation reaffirms our unwavering commitment to addressing climate change and ensures that our actions are grounded in science as well as consistent with the goals of the Paris Agreement.
‘We will follow up and report on our progress continuously in a transparent way.’
Fagerhult Group has set near and long-term goals to reduce direct and indirect greenhouse gas emissions, which Fagerhult takes an active part in. The near-term targets are set to reduce emissions by 70 per cent in Scope 1 and Scope 2, and by 30 per cent in Scope 3 by 2030, from the baseline year of 2021.
The Group has also set out a long-term science-based target to become net- zero by 2045. Fagerhult Group says that its sustainability agenda ‘Positive Change for Better Living’ is an integrated part of the business strategy and daily operations. 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. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.
The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments.
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