Story Contracting has had its carbon emissions reduction targets approved by the Science Based Targets initiative as consistent with levels required to meet the goals of the Paris Agreement.
The targets covering greenhouse gas emissions from our operations (scope 1 and 2) are consistent with reductions required to keep warming to 1.5°C, the most ambitious goal of the Paris Agreement. We have also set challenging Scope 3 targets to address our upstream and downstream Supply Chain impacts.
What are science-based targets?
Science-based targets are emissions reduction targets in line with what the latest climate science says is needed to meet the goals of the Paris Agreement – to limit global warming to well-below 2°C above pre- industrial levels and pursue efforts to limit warming to 1.5°C.
Science-based targets are emissions reduction goals in line with what the latest climate science says is needed to prevent the worst impacts of climate change.
Science-based targets show companies how much and how quickly they need to reduce their greenhouse gas emissions in order to be consistent with keeping warming below the most dangerous levels.
Why does it matter?
Galvanized by the historic Paris Agreement, the transition to a zero-carbon economy is underway and accelerating globally. Hundreds of corporations worldwide are preparing for the transition by setting emissions reduction targets grounded in climate science.
The latest science has made it clear that more needs to be done – and faster – in order to avoid the worst impacts of climate change and secure a thriving, sustainable economy. The next few years are critical, and companies have a vital role to play in helping achieve transformation at the pace and scale that is needed.
Businesses taking science-based climate action benefit from greater opportunities for innovation, strengthened investor confidence and improved competitiveness.
What is the Science Based Targets initiative?
The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting and independently assesses companies’ targets.
To see the validated Science Based Targets on the SBTi website, click here: https://sciencebasedtargets.org/companies-taking-action