HH Global today announced that it has committed to adopting Science Based Targets, reflecting the company’s continuing commitment to delivering sustainable solutions.
HH Global has joined 850 other leading global companies by signing a letter of commitment to the Science Based Targets Initiative (SBTI) indicating that the company will work to set a science-based emission reduction target. A global collaboration between CDP, the World Resources Institute, World Wide Fund for Nature and the United Nations Global Compact, the SBTI champions science-based target setting to boost companies’ competitive advantage in the transition to a low-carbon economy.
“The SBTI helps companies align carbon reduction strategies with the objectives of the 2015 Paris Agreement. As a part of our Innovation with Purpose sustainability program, we will work to set realistic yet ambitious carbon reduction targets for approval by SBTI before the end of the year,” said Kevin Dunckley, Chief Sustainability and Innovation Officer of HH Global.
According to the SBTI process, companies first publicly commit to setting Science Based Targets (SBT). After that, they have two years to set reduction targets for Scope 1, 2 and 3 CO2 emissions: Scope 1 relates to energy generated on-site, Scope 2 relates to energy purchased and Scope 3 covers energy use that takes place in the supply chain. Finally, participating companies pledge to report on their progress annually.
“We are pleased to work together with leading global companies on this initiative,” said Robert MacMillan, CEO of HH Global. “HH Global manages supply chains for global brands, many of whom are signatories to the SBTI, so Scope 3 will have a knock-on effect with our marketing execution partners. We look forward to making an impact for good.”
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