Science Based Targets initiative

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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