In doing so, the Luxembourg-based carbide specialist furthers its ambitious sustainability strategy presented this past September.
“Climate change represents a challenge for all of humanity—and also requires the entire industry to rethink many areas. For those reasons, sustainability is a top priority for us,” said executive board spokesman Andreas Lackner, explaining the company's commitment.
The next step for Ceratizit is to develop science-based targets based on its own sustainability strategy and have them validated by SBTi.
Ceratizit notes that the latest scientific findings by the Intergovernmental Panel on Climate Change (IPCC) – described by the United Nations as a “red alert for humanity” – show that while there is still time to limit the global temperature increase to 1.5°C, "that we are dangerously close to this threshold". Rapid and deep emission cuts are needed to cut global emissions in half before 2030 and bring them to zero before 2050.
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on encouraging and empowering companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.
The initiative is a collaboration between CDP (formerly the Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments.
The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.
