Science Based Targets initiatitive
The Science Based Targets initiative (SBTi) is a partnership between CDP, the United Nations Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).
The SBTi defines and promotes best practices in emissions reductions and net-zero targets in line with climate science and provides technical assistance and expert resources to companies that set science-based targets in line with the latest climate science.
Science-based targets show companies and financial institutions how much and how quickly they must decarbonize to prevent the worst impacts of climate change. By guiding companies in science-based target setting, the SBTi enables them to tackle global warming while seizing the benefits and boosting their competitiveness in transitioning to a net-zero economy.
During the past 2 weeks, two more companies that have committed to the Science Based Target initiative, explicitly mentioned their choice of EKOenergy as one of the concrete steps in implementing their climate targets: Hilti and SCHOTT.
By choosing EKOenergy, companies can go the extra mile in driving the energy transition, and we are proud that a growing number of companies see this as an opportunity.
Hilti Corporation: committed to decarbonisation
Hilti, the internationally renowned producer of high-quality tools for the construction and building industries, is committed to meeting the requirements of the Science Based Targets initiative. ”With our commitment to science-based targets, we will decrease emissions along the entire value chain. This supports our customers’ sustainability initiatives and enables us to contribute to the much-needed transformation of our industry,” wrote Jahangir Doongaji, Hilti Group CEO.
Recently, Hilti published a video and sent a press release with an overview of the measures they have already taken to support the fight against global warming. One of these is using EKOenergy-labelled electricity in almost all countries where they are active!
Thanks for your trust in our nonprofit ecolabel, Hilti. Together, we can do more and move faster.
SCHOTT: embracing the energy transition
The German multinational glass manufacturer SCHOTT is another company with climate targets in line with the requirements of the Science Based Targets initiative. ”We want our goals to be based on a science-based approach,” said Anja Schlosser, who coordinates the Zero Carbon Program at SCHOTT. ”The confirmation of our reduction target until 2030 by an independent and recognised body underscores our ambitious strategy. This also means that we will develop solutions also together with our suppliers.”
Like Hiltti, SCHOTT, too, has been choosing EKOenergy-labelled electricity worldwide for many years already. Last week, SCHOTT announced that they have closed a PPA (Power Purchase Agreement) with Statkraft for the supply of EKOenergy-labelled wind power in Germany. Previously, SCHOTT had already signed PPAs for EKOenergy-labelled electricity with Engie and RWE. In Germany, SCHOTT now gets 25% of its EKOenergy through PPAs. Also elsewhere, SCHOTT is exploring opportunities to sign PPAs for EKOenergy-labelled electricity. Last year, they were the first to do so in India.
Some months ago, SCHOTT received the German Sustainability Award for its energy policy and last Friday, Robert Habeck, the German minister for Economic Affairs and Climate Action, visited SCHOTT to see how the company embraces the energy transition as an opportunity for innovation and growth.
Congratulations, SCHOTT: we couldn’t be more proud of EKOenergy users like you.
Published: 1 February 2024