Leading the way on carbon reductions with Science Based Targets initiatives

ISO Dec 2023

We are proud to lead the way by setting science-based targets to reduce carbon our emissions. Our feeling is that we can make a greater impact by actively reducing our greenhouse gas emissions, rather than just purchasing carbon credits.

Science-based targets provide us with a clearly defined pathway to future-proof growth by specifying how much and how quickly we need to reduce our greenhouse gas emissions. The Science Based Targets initiative helps us transition to the low-carbon economy. It is a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC).

Near-term targets outline how organizations will reduce their emissions, usually over the next 5-10 years. These targets galvanize the action required for significant emissions reductions to be achieved by 2030. Near-term targets are also a requirement for companies wishing to set net-zero targets.

Ours is: 42% of Scope 1 and Scope 2 emissions by 2030.

Long-term targets indicate the degree of emission reductions organizations need to achieve net-zero according to the SBTi’s Corporate Net-Zero Standard criteria. These targets must be achieved no later than 2050 (or 2040 for the power sector). Long-term targets are developed by companies wishing to set net-zero targets under the Corporate Net-Zero Standard.

Ours is: 90% of all emissions by 2050.

Visit the SBTi website > here

See our commitments > here > and search for City Digital Limited (cdl)

 

 

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