Verescence announced it has committed to setting a science-based Greenhouse Gas (GHG) emissions reductions target by joining the Science Based Targets initiative (SBTi). Accelerating its corporate social responsibility (CSR), Verescence will submit its target within the end 2022 in line with the latest climate science.
Four years after the Paris Agreement–adopted following COP 21–where the world’s governments agreed to fight against global warming, 798 private sector companies have joined the SBTi. Verescence is the first glass maker for luxury perfumery and cosmetics to commit.
The SBTi is a collaboration between the Carbon Disclosure Project (CDP), the World Resources Institute (WRI), the World Wide Fund for Nature (WWF) and the United Nations Global Compact (UNGC).
It encourages companies to set targets for reducing GHG emissions based on scientific data, in order to meet the goals of the Paris Agreement–to limit global warming to well below 2°C above preindustrial levels and pursue efforts to limit warming to 1.5°C.
After having set a first series of reduction targets for its CO2 emissions (Scope 1: Direct GHG and Scope 2: Energy Indirect GHG) for the 2016-2022 period, Verescence aims to go further by committing to set reduction targets aligned with the recommendations from the scientific community.
“In accordance with our longstanding commitments to sustainable development, our group is taking another step forward by joining the Science Based Targets initiative,” Verescence CEO Thomas Riou said. “Verescence is a committed company and wishes to fight against global warming. Our CSR strategy is a vector of motivation and innovation for our employees by giving more perspective to our contribution and our actions.”
“Following this commitment, we will define targets for reducing our Greenhouse Gas emissions–mainly CO2–based on the latest scientific data,” Alain Thorré, CSR director of Verescence, said. “These targets will then be submitted to the SBTi for validation. This will allow us to complete and validate existing and future objectives with science.”