Sustainability Stories #8
Setting Science-Based Targets
The Rogers Group has committed to set science-based emissions reduction targets across its entire value chain that are consistent with keeping global warming to 1.5°C above pre-industrial levels. The Group has also committed, through the Science Based Targets initiative (SBTi) to a long-term target to reach net-zero emissions by no later than 2050.
This comes in parallel with the publication of the 6th Intergovernmental Panel on Climate Change (IPCC) report wherein UN Secretary General António Guterres declares “a code red for humanity.”
1.5°C is our only hope for the future. More than ever, citizens are waking up to the consequences of the climate crisis. Climate change threatens people, business operations and economies around the world. The Business Ambition for 1.5°C campaign, backed by a global coalition of UN leaders, business organizations and NGOs, is an urgent call-to-action for companies to set emissions reduction targets in line with a 1.5°C future - one that ensures clean air, decent jobs and a healthy, safe climate.
Paul Simpson, CEO of Carbon Disclosure Project (CDP), one of the SBTi partners, said: “The science is clear: in order to limit the catastrophic impacts of climate change, we must ensure warming does not exceed 1.5°C. The ambition is high but it’s achievable — and science-based targets give companies a roadmap for getting there. Corporations worldwide have an unprecedented opportunity to be at the very forefront of the transition to a net-zero economy — and there is no time to lose.”
Rogers will set verifiable science-based targets through the SBTi, which independently assesses corporate emissions reduction targets in line with what climate scientists say is needed to meet the goals of the Paris Agreement.