SUEZ: the first environmental services company to be recognised by Science Based Targets
Launched in 2015 and recognised by government agencies, the Science Based Targets (SBT) initiative is a partnership between CDP, United Nations Global Compact, the World Resources Institute (WRI) and WWF.
The SBT initiative aims to assess greenhouse gases mitigation targets adopted by companies, and to determine whether they are in line with the IPCC guidelines in order to maintain the increase in global average temperature under 2 degrees Celsius by the end of the 21st century.
89 businesses recognised worldwide
Within two years following their commitment to the initiative, companies have to submit their targets to the Science Based Targets’ steering committee, who is responsible for validating their eligibility according to a set of strict criteria.
Since 2015, 89 of the 339 businesses worldwide that have committed to the initiative have seen their target validated. Among them, SUEZ became in december 2017 the first company within the environmental services sector to enter the Science Based Targets’ registry for its commitment to reducing greenhouse gases emissions by 30% in 2030, compared to 2014 levels.
Climate solutions that cities and industries can easily replicate
SUEZ has adopted a comprehensive climate strategy that encompasses its commitment to the circular economy. Indeed, the Group is making a strong contribution to the fight against climate change by pushing for both waste and wastewater to be recycled and recovered as energy. These are manageable climate solutions that cities and industries can easily replicate.
We congratulate SUEZ on being the first water & waste utilities company in the world to have their science-based target approved by our team. Science-based target setting will become standard practice and corporations will be contributing significantly to closing the emissions gap. Suez's target will help demonstrate to policy-makers the scale of emission reductions that are achievable to positively influence climate policy and achieve the goals of the Paris Agreement, further highlighting how science-based targets are good for business and the planet.
Chief, Programmes, United Nations Global Compact, one of the Science Based Targets initiative partners