TAGS: Sustainability / Natural Cosmetics
AAK announces that its emission reduction targets have been officially approved by the Science Based Targets initiative (SBTi). This approval underscores its commitment to aligning with the latest climate science and contributing effectively to global climate action efforts.
Reduce Absolute Scope 1 and 2 GHG Emissions 50% by 2030
AAK is one of the first companies to achieve FLAG target approval. By setting targets aligned with a 1.5°C trajectory, AAK is taking a proactive role in addressing its environmental impact. Its commitment is a response to the UN climate science evaluating body, IPCC’s, latest findings, highlighting the urgent necessity for rapid and extensive emissions reductions to meet this critical temperature limit and termed a 'code red for humanity' by the UN (United Nations).
SBTi enables businesses to set emissions reduction goals in accordance with the latest climate science. It aims to guide companies worldwide to halve emissions by 2030 and achieve net-zero emissions by 2050. This initiative is a partnership among CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), and is a key part of the We Mean Business Coalition commitments.
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SBTi’s independent assessment and approval process adds accountability to its climate action strategies,” says Caroline Westerik-Sikking, Sustainability director at AAK.
AAK's Approved FLAG Targets
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AAK commits to reduce absolute scope 3 FLAG GHG emissions 33.3% by 2030 from a 2019 base year.*
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AAK commits to no deforestation across its primary deforestation-linked commodities with a target date of 2025.
*Target includes FLAG emissions and removals.
AAK's Approved Near-term Targets
AAK commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year.*
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AAK also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, and upstream transportation and distribution 46.2% within the same timeframe.
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AAK further commits that 10.3% of its suppliers by emissions, covering purchased goods and services, and transportation and distribution, will have science-based targets by 2027.
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The target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks.
Aligning with SBTi’s rigorous criteria, they are dedicated to implementing best practices in emissions reduction. They invite other stakeholders to join us in this endeavor, aligning their operations with scientifically grounded climate targets.
Source: AAK
