thinkstep Australasia are excited to announce their commitment to set a science-based target to reduce their carbon emissions. We know that reducing greenhouse gas emissions is good for business as well as the environment and society as a whole. Science-based targets help companies determine a pathway for reducing their emissions in line with the Paris Agreement's goal of limiting global warming to well below 2 °C above pre-industrial levels.
“We’re passionate about enabling organisations to succeed sustainably - and that includes ourselves,” says Barbara Nebel, Managing Director of thinkstep in Australasia, “As we work with our clients to achieve their own ambitions, it is crucial that we take responsibility for our own impacts.”
We plan to develop and submit our target for validation in 2018. As a service-based company, our Scope 1 and Scope 2 emissions are very low and significantly outweighed by our Scope 3 emissions, particularly business travel. The New Zealand grid is already highly decarbonised, so our first challenge will be to further reduce our electricity consumption.
With little control over the emissions caused by business travel, and an existing policy to avoid unnecessary travel, another challenge will be to identify ways to further reduce our impacts in this area while maintaining our service offering to our clients.
We are supporting the Science Based Targets initiative (SBTi) through our own commitment and by encouraging and supporting other companies to set their own targets. Science-based targets make sense for all types and sizes of companies, by providing assurance that carbon reduction activities support the Paris Agreement.
Joining the SBTi provides credibility and public recognition, while participating companies will benefit from the transition to a low-carbon economy. In addition to joining the Science Based Targets initiative ourselves, thinkstep offers a wide range of services to support organisations through all steps from committing to reporting against an approved target.
What is the Science Based Targets initiative (SBTi):
The Science Based Targets initiative champions science-based target setting as a powerful way of boosting companies’ competitive advantage in the transition to the low-carbon economy. It is a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC). It is one of the We Mean Business Coalition commitments.