Science Based Targets initiative: Difference between revisions
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* Provide technical assistance and expert resources to organisations who set science-based targets in line with the latest climate science. | * Provide technical assistance and expert resources to organisations who set science-based targets in line with the latest climate science. | ||
* Bring together a team of experts to provide companies with independent assessment and validation of targets. | * Bring together a team of experts to provide companies with independent assessment and validation of targets. | ||
:<span style="color:#4B0082">'''''Ahold Delhaize's emissions goals certified by SBTi'''''</span> | |||
:"In 2020, [Ahold Delhaize] built on that step with the launch of a revolving credit facility (RCF) designed to incentivise the maintenance of high ESG standards via a novel ‘reward or punish’ mechanism. | |||
:Tied intrinsically to the firm’s broader policies on corporate citizenship, the €1bn RCF provides for either a reduced or increased margin, depending on whether the firm’s activities align with three key performance indicators (KPIs) that are core, relevant and material to food retail: | |||
:'''1. Food waste reduction''' Linked to a specific percentage drop in tonnage of waste per every €1m of food sales, in support of UN Sustainable Development Goal 12.3; | |||
:'''2. Carbon emissions reduction''' As measured by a set percentage drop in Scope 1 and Scope 2 CO2-equivalent emissions from the firm’s own operations, aligned with its 2030 goals certified under the Science Based Targets initiative; and | |||
:'''3. Promotion of healthier eating''' As measured by a set percentage of own-brand food sales from healthy products." | |||
:''ACT Deals of the Year Awards 2020 - Ahold Delhaize'' | |||
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* [[CO2]] | * [[CO2]] | ||
* [[Corporate social responsibility]] | * [[Corporate social responsibility]] | ||
* [[Emissions]] | * [[Emissions]] | ||
* [[Environmental concerns]] | * [[Environmental concerns]] | ||
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* [[Renewables]] | * [[Renewables]] | ||
* [[Revolving credit facility]] | * [[Revolving credit facility]] | ||
* [[Scope 1 emissions]] | * [[Scope 1 emissions]] | ||
* [[Scope 2 emissions]] | * [[Scope 2 emissions]] | ||
* [[Scope 3 emissions]] | * [[Scope 3 emissions]] | ||
* [[Science Based Targets]] (SBT) | |||
* [[Science Based Targets Network]] (SBTN) | |||
* [[Streamlined Energy and Carbon Reporting]] | |||
* [[Sustainable Development Goals]] | * [[Sustainable Development Goals]] | ||
* [[Zero emissions]] | * [[Zero emissions]] | ||
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[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
[[Category:Ethics]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Investment]] | [[Category:Investment]] | ||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category:Risk_reporting]] | [[Category:Risk_reporting]] | ||
[[Category:The_business_context]] | |||
Latest revision as of 21:00, 9 September 2023
Sustainability - environmental policy - greenhouse gas emissions.
(SBTi).
The Science Based Targets initiative is established to:
- Define and promote best practice in emissions reductions and net-zero targets in line with climate science.
- Provide technical assistance and expert resources to organisations who set science-based targets in line with the latest climate science.
- Bring together a team of experts to provide companies with independent assessment and validation of targets.
- Ahold Delhaize's emissions goals certified by SBTi
- "In 2020, [Ahold Delhaize] built on that step with the launch of a revolving credit facility (RCF) designed to incentivise the maintenance of high ESG standards via a novel ‘reward or punish’ mechanism.
- Tied intrinsically to the firm’s broader policies on corporate citizenship, the €1bn RCF provides for either a reduced or increased margin, depending on whether the firm’s activities align with three key performance indicators (KPIs) that are core, relevant and material to food retail:
- 1. Food waste reduction Linked to a specific percentage drop in tonnage of waste per every €1m of food sales, in support of UN Sustainable Development Goal 12.3;
- 2. Carbon emissions reduction As measured by a set percentage drop in Scope 1 and Scope 2 CO2-equivalent emissions from the firm’s own operations, aligned with its 2030 goals certified under the Science Based Targets initiative; and
- 3. Promotion of healthier eating As measured by a set percentage of own-brand food sales from healthy products."
- ACT Deals of the Year Awards 2020 - Ahold Delhaize
See also
- Carbon credits
- Carbon footprint
- Carbon-neutral
- Carbon tax
- CO2
- Corporate social responsibility
- Emissions
- Environmental concerns
- Environmental profit and loss
- Footprint
- Greenhouse gas
- Key performance indicator
- Montreal Pledge
- Net zero
- Renewables
- Revolving credit facility
- Scope 1 emissions
- Scope 2 emissions
- Scope 3 emissions
- Science Based Targets (SBT)
- Science Based Targets Network (SBTN)
- Streamlined Energy and Carbon Reporting
- Sustainable Development Goals
- Zero emissions
