Bobst has committed to set near-term company-wide emission reductions by joining the Science-Based Targets initiative (SBTi).
Having joined the initiative, Bobst is now in the process of formalising the company’s targets to align with the SBTi definitions and criteria and expects them to be approved next year.
More than 4000 companies are working with the SBTi to reduce their emissions in line with climate science. Signatories are required to set ambitious carbon reduction targets, which are independently assessed and verified, and align with the newest science and recommendations from the Intergovernmental Panel on Climate Change (IPCC). Companies must also disclose results on a yearly basis.
Gabriel Migy, head of corporate sustainability, said, ‘With the recent IPCC climate report described as ‘a code red for humanity’, it is the moral responsibility of every business to commit to urgent climate action. As a global supplier of packaging solutions, we know the components we purchase, the industrial sites we manage and the equipment we produce inevitably consume energy and generate emissions.
‘Joining the SBTi will help us collaborate with our suppliers and customers and set goals to reduce our emissions in the long term across the whole value chain with pragmatic and scientific approaches. We know that real change is only possible through collaboration and everyone pulling in the same direction, which is why initiatives like the SBTi are so essential. We look forward to aligning with all other stakeholders who are committed to science-based approaches to climate action.’
