1 Dec 20

Greenstone’s 2030 science-based target approved by SBTi

SBTi_Greenstone_approvedGreenstone’s 2030 science-based emissions reduction target has been approved, as consistent with levels required to meet the goals of the Paris Agreement, by the Science Based Targets initiative (SBTi).

The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting and independently assesses companies’ targets. Greenstone has formally joined the movement and set a target to reduce its absolute scope 1 and scope 2 GHG emissions by 50% by 2030, and to measure and reduce its scope 3 emissions.

As a Gold CDP accredited partner and a UN Global Compact participant, Greenstone fully supports the commitment of the United Nations’ Paris Agreement on climate change and the adoption of science-based targets. Greenstone is working with a number of its clients providing them with credible data to be able to set and monitor their SBTs. Through its sustainability and ESG software, its clients can monitor and manage progress against each SBT and analyse the initiatives that have and will contribute towards achieving their goals.

Matthew de Villiers, CEO at Greenstone comments “even though our impact is smaller than many organisations, as a technology company, it’s important that we are fostering innovation to look at tackling climate change. We’re proud to join some of our clients in the technology sector, including Sopra Steria and Fujitsu, by having an approved science-based target to help set a roadmap for momentum.”

Greenstone reports its emissions through its annual UN Global Compact Communication on Progress. For more information on this year’s submission, please click the link above. The Greenstone team has also written a useful blog on science-based targets and net-zero commitments.

If you would like to discuss how to collect robust and verifiable data for setting a SBT, please get in touch with one of the Greenstone team to explore the use of our award-winning sustainability and ESG software.

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