SBTi validates Wallenius Wilhelmsen’s near-term and net-zero targets
Reducing emissions is urgent and it cannot wait. Wallenius Wilhelmsen is proud to announce that its near-term and net-zero targets have been validated by the Science Based Targets initiative.
The world can’t afford that big companies drag their heels with reducing GHG emissions across their value chain.
Therefore, we are proud that our near-term and net-zero science-based greenhouse gas emission reduction targets have been validated by the Science Based Targets initiative (SBTi) and has been classified as in line with a 1.5°C trajectory
Having our near-term and net-zero targets validated makes Wallenius Wilhelmsen one of the very few companies in our industry that has committed to and received validation of near-term and net-zero 2040 target aligned with 1.5°C degree trajectory.
We understand that action must be taken immediately while there is still time to limit global warming to 1.5°C degrees. The latest research from the Intergovernmental Panel on Climate Change (IPCC) shows that it is still possible.
What is our near-term and our net-zero science-based target?
Wallenius Wilhelmsen’s science-based targets and what it specifically entails can be read in the images below.
What is the Science Based Targets initiative?
The SBTi is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis.
The SBTi is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute and the World Wide Fund for Nature.
The SBTi develop standards, tools and guidance which allow companies to set greenhouse gas (GHG) emissions reductions targets in line with what is needed to keep global heating below catastrophic levels and reach net-zero by 2050 at latest.
For more information about SBTi, read here: www.sciencebasedtargets.org
