By setting science-based targets, we are taking another step on our journey to become a leader in sustainability and innovation. The commitment also builds on our achievement of lowering CO2e emissions from the company's operations by 10% between 2016 and 2020.
Why are science-based targets important?
They enable companies such as GF to define by how much, and how quickly, they have to cap their GHG emissions along the value chain. That in turn helps to slow down the effects of climate change, in line with the Paris Agreement goals.
Using SBTi criteria and recommendations, we will set scope 1 and 2 target in line with the latest climate science for capping global warming at 1.5°C. Although scope 3 emissions are outside of our operations, we will set an intensity target in cooperation with suppliers and customers. Targets will be submitted in the course of March 2022.
GF will publish its next Sustainability Report in April 2022.