We are proud to announce that the SBTi has approved Skarta Energy’s near-term science-based emissions reduction target.
Skarta Energy commits to reduce absolute scope 1 and scope 2 GHG emissions 42% by 2030 from a 2024 base year, and to measure and reduce its scope 3 emissions.
The latest climate science from the IPCC shows that it is still possible to limit global temperature rise to 1.5°C, but we are dangerously close to that threshold. To achieve this target, rapid and effective actions are needed from all companies and industries worldwide. We feel that as a renewable energy producer, it is our duty to show the way to others in climate work. We also encourage all our stakeholders to align with climate science by committing to science-based 1.5°C and net-zero targets.
About the Science Based Targets initiative
The Science Based Targets initiative (SBTi) is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis.
The SBTi develops standards, tools and guidance which allow companies to set greenhouse gas (GHG) emissions reductions targets in line with what is needed to keep global heating below catastrophic levels and reach net-zero by 2050 at latest.
The SBTi is incorporated as a charity, with a subsidiary which will host our target validation services. Their partners are CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).
