Science Based Targets initiative
From ACT Wiki
Sustainability - environmental policy - greenhouse gas emissions.
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
- Carbon credits
- Carbon footprint
- Carbon tax
- Corporate social responsibility
- CRC Energy Efficiency Scheme
- Environmental concerns
- Environmental profit and loss
- Greenhouse gas
- Key performance indicator
- Montreal Pledge
- Net zero
- Revolving credit facility
- Scope 1 emissions
- Scope 2 emissions
- Scope 3 emissions
- Sustainable Development Goals
- Zero emissions