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SBTi approves STERNE’s short-term greenhouse gas emissions reduction targets

🍃 The Science Based Targets initiative has validated our short-term scientific targets for reducing greenhouse gas emissions, considered to be in line with the Paris Agreements and the 1.5°C trajectory.

The SBTi’s Target Validation Team has classified STERNE GROUP’s scope 1 and 2 target ambition and has determined it is in line with 1.5C trajectory. The following agreed target wording will be used:

🎯Overall Net-Zero Target
STERNE GROUP commits to reach net-zero GHG emissions across the value chain by 2050.
🎯 Near-Term Targets
STERNE GROUP commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030
from a 2021 base year*. STERNE GROUP also commits to reduce absolute scope 3 GHG
emissions from upstream transportation & distribution 25% within the same timeframe.*

*The target boundary includes biogenic emissions and removals from bioenergy feedstocks.

💬"This standard requires us to really quantify our reduction targets, and to set clearer and more transparent milestones for measuring our annual emissions reduction performance."

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