The Finnish company Konecranes recntly inked a commitment letter for the Science Based Targets Initiative (SBTi), in an effort to define new climate targets, cut emissions and further develop its low-carbon portfolio.
In fact, by committing to science-based targets, Konecranes aims to reduce its climate impact.
By committing to the SBTi we are agreeing to establish targets that are science-based and binding, not only for Konecranes but for our supply chain partners and our products. This is a level of ambition that will drive and inspire us as a company.
…said Konecranes President and CEO Rob Smith.
What is more, the SBTi is a global initiative that directly links a company’s carbon emission targets to the Paris Agreement in order to keep the rise in global temperature below 1.5°C.
Specifically, it supports companies in establishing greenhouse gas reduction targets based on the latest climate science and the goals of the Paris Agreement.
Under its signed commitment letter, Konecranes’ new science-based targets that will be set next year will be validated by the SBTi.
Climate action and resource efficiency is one of the five cornerstones of Konecranes’ sustainability work. In addition, we focus on sustainable offering and circularity; a safe workplace and products; a diverse, inclusive and engaging workplace; and responsible business conduct.
…President and CEO Rob Smith added.
Among others, Kawasaki Kisen Kaisha, Ltd., Nippon Yusen Kabushiki Kaisha, Ports of Auckland Limited, CMA CGM, Port of Rotterdam Authority, GSL – Global Star Logistics, Adani Ports and Special Economic Zone Limited and GeelongPort have already joined the initiative.
Concluding, Science Based Targets is a joint initiative of CDP, the UN Global Compact (UNGC), the World Resources Institute (WRI) and WWF with the main goal to enable leading companies setting ambitious and meaningful corporate GHG reduction targets.
Reducing GHG emissions protects our climate and our communities – but it’s also good for business. Companies that set science-based targets build long-term business value and safeguard their future profitability in four important ways: They drive innovation, save money, increase competitiveness, build credibility and influence evolving public policy.
…Science Based Targets stated.
