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]]
* [[CRC Energy Efficiency Scheme]]
* [[Emissions]]
* [[Emissions]]
* [[Environmental concerns]]
* [[Environmental concerns]]
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* [[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:The_business_context]]
[[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:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[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


External link

Science Based Targets initiative - What we do