KeyPlants has announced that its science-based targets for reducing greenhouse gas emissions have been validated by the independent Science Based Targets initiative (SBTi)
The science-based targets of KeyPlants’, a project management and engineering company for the life science and advanced technology industries, are in line with the latest climate science and efforts to limit global temperature increase to 1.5°C. The SBTi partnership between CDP, the UN Global Compact, World Resources Institute, and the World Wide Fund for Nature, enables climate action in the private sector through independent assessment and validation of science-based emission reduction targets.
KeyPlants’ SBTI-validated targets include:
- A 42% reduction of direct (Scope 1) and indirect (Scope 2) greenhouse gas emissions by 2030 (2021 base year).
- A commitment to measure and reduce upstream and downstream (Scope 3) emissions along the entire value chain.
Scope 1 and 2 emissions include sources such as company vehicles, heating and cooling, and electricity usage. Scope 3 emissions include sources such as business travel and transportation of goods.
The climate targets are a component of KeyPlants’ broader sustainability strategy, which focuses on reducing the company’s ecological and environmental footprint, creating sustainable value chains, and contributing to societal wellbeing. In addition, KeyPlants intends to achieve nearly net-zero emissions and implement a circular business model by 2045.
“These efforts will also contribute to the achievement of the UN Sustainable Development Goals (SDGs),” said Christian Krona, KeyPlants Head of Procurement and Sustainability.