GlobalConnect to Join the Science Based Targets initiative
GlobalConnect, a connectivity provider, says it will join the Science Based Targets initiative by sending in its first-ever SBTi targets. GlobalConnect commits to setting near-term company-wide emission reductions in line with climate science with the SBTi.
Following the release of its first joint Annual & Sustainability Report in 2022, joining the rsted+ATP consortium to bid for the construction of the world's first Energy Island in the North Sea, and enrollment in the United Nations Global Compact Programme, GlobalConnect has now submitted its first-ever SBTi targets, which are now awaiting target validation due in 2023.
GlobalConnect Group pledges to reduce scope 1 and 2 emissions, in line with the United Nations' goal of minimising global warming. GlobalConnect also promises to decarbonise the value chain by working across scope 3. Furthermore, the Group will accelerate its objectives to be the desired place to work by providing its first Diversity and Inclusiveness training for all employees in late 2022.
Martin Lippert, CEO GlobalConnect Group, said:
"Submitting our first-ever Science Based targets is yet another important milestone in our ambitious sustainability programme. We have been using green renewable energy in our operations for years, but now we step into climate-oriented reduction efforts, addressing planetary impact in another dimension and making sure GlobalConnect is part of the global solution."
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science. Its main goal is to push companies all over the world to cut their emissions in half by 2030 and reach net-zero emissions by 2050.
The initiative is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) and is one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practices for setting science-based goals. It also gives resources and advice to make adoption easier, and it evaluates and approves companies' goals on its own.