Zenergi Group Limited has committed to set near and long-term company-wide emission reductions in line with science-based net-zero with the SBTi
The effects of climate change and its consequences are already being felt worldwide. And although the damage isn’t reversible, we can most definitely reduce and control its destructiveness. But time is running out and we need to act fast. At Zenergi, we have responded to the Science Based Targets initiative’s (SBTi) urgent call for corporate climate action, by pledging to align with 1.5°C and net zero through the Business Ambition for 1.5°C campaign. This is in addition to our ambition to achieve Scopes 1 & 2 by 2025.
By dedicating our actions to the SBTi Net Zero Standard, we are setting a robust emissions reduction target at the pace and scale required by climate science. We have also joined the Business Ambition for 1.5°C campaign, the world’s largest and fastest-growing group of companies that are aligning with 1.5°C by helping to halve global emissions by 2030.
As a part of the pledge, we have also signed up to the UN Race to Zero. Race to Zero is a global campaign led by the High-Level Champions for Climate Action to rally leadership and support from businesses, cities, regions, and investors for a healthy, resilient, zero carbon recovery.
Speaking about the announcement, Zenergi’s Chief Sustainability Officer, Jamie Hall, said: “We are excited to be committed to such an ambitious movement that is helping drive long-term change. We are helping Power a Sustainable Future for our planet, and this is just one of the ways we are making this possible.”
What is the Science Based Targets initiative?
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. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.