How to prepare ourselves for carbon-neutral operations?
In October 2018, the Intergovernmental Panel on Climate Change (IPCC) confirmed that we must reduce global emissions by 45% by 2030 to avoid a climate crisis. This timeframe is within the business planning cycle of most companies and requires urgent, and in some cases, radical action.
Science is already clear that this target can be met. But science cannot say whether it will be met. The outcome depends on how quickly the world will cut emissions.
Only 40% of countries have so far set an emission-cutting target for 2030, as they are due to under the Paris Agreement.
Companies have a responsibility to respond to this clear message and commit to a zero-carbon future by setting science-based targets. Over 1,300 companies have already committed, and only over 600 companies have had their targets officially approved by the Science-Based Targets Initiative (SBTi).
And Arçelik is one of them.
In November 2020, our 2030 greenhouse gas emissions reduction targets were approved by the SBTi as in line with the Paris Agreement’s goal of limiting temperature increase to well below 2°C.
By 2030, we commit to reduce our Scope 1 and 2 GHG emissions arising from our own operations and the energy we purchase by 30%, and our Scope 3 emissions arising from the use of our sold products by 15%, compared to 2018.
Setting science-based emission reduction targets will provide opportunities to reduce costs, become more efficient and more circular, and grow new revenue streams.
It requires us to address the risks that we will face as the economy transitions to a zero-carbon world.
We’ll achieve our ambitious climate targets by investing more in renewable energy and energy efficiency in manufacturing, influencing supply chains and introducing efficient technologies to markets.
It’s an opportunity for us to be bold and show leadership.
The Case for Setting Science-Based Targets
What are science-based targets?
Science-based targets translate the level of climate action needed globally to align with the Paris Agreement into specific targets for organizations.
Targets are considered “science-based” if they are in line with the emission reductions required to keep global temperature increase below 1.5 degrees or well-below 2 degrees.
Why set a science-based target?
Gain competitive advantage by becoming more efficient and more resilient
Limit climate change
Strengthen brand reputation
Drive new opportunities
1,300+ companies have officially committed to setting science-based targets, and number is growing every week.
600+ companies have had targets officially approved by the SBTi.