By Aligning with ‘Business Ambition for 1.5°C’ LG Joins Movement to Support Science Based Target Initiative
SEOUL, South Korea, Aug. 11, 2021 /3BL Media/ — LG Electronics has committed to set science-based targets with the goal of cutting greenhouse gas (GHG) emissions in the use phase of major LG products by 2030, making LG the first Korean company to participate in the “Business Ambition for 1.5°C” global net zero campaign.
A session by Jordan Chamberlain and Julie Sinistore PhD WSP USA and WSP USA
Multimedia with summary
Are you ready to tackle your Science Based Targets (SBT) progress? WSPUSA experts Jordan Chamberlain and Julie Sinistore cover the basics of how life cycle assessment (LCA) can be used to inform SBT setting and progress tracking at the American Center for Life Cycle Assessment webinar, “LCA and Science Based Targets.” Register for the April 15th session: https://lnkd.in/d_9nGRw
JEFF KING, Senior Director, Global Sustainability and Social Impact
Companies compete for mindshare all the time; who has the best Superbowl ad?; can you be pulled away from your social media for a quick five seconds?; and yes, companies even want to talk about the great sustainability work that they do to ensure they are recognized for doing the right thing and making a difference.
Climate change is predicted to increasingly pose a risk to our planet and to our business. Extreme weather events and heat will make it harder for our key agricultural commodities to grow, increase the difficulty of getting our finished goods to market, and create difficulties in our consumers’ abilities to get to stores and even our own employees’ ability to get to work (think of shopping or commuting during a blizzard or hurricane or even how the present-day COVID-19 pandemic has changed our world).
As businesses around the world continually grow more accountable for their environmental impacts -- both out of their own pragmatic motivations, and increasing pressure from customers, investors, and governments -- science-based targets are becoming a key focus.
July 22, 2020 - Canary Wharf Group (CWG) has set out an ambitious environmental strategy for the next decade, including launching new emissions targets aligned with the demands of science to hold off climate impact. These ambitious targets, approved by the Science Based Targets Initiative, are in line with achieving a 1.5°C future and will be followed by a net zero pathway to be published later in 2020.
May 19, 2020 - NRG Energy Inc. (NYSE:NRG) today released its 2019 Sustainability Report, providing an update on the Company’s comprehensive sustainability strategy. NRG demonstrated advancement across all of its previously announced sustainability initiatives, including a 41% reduction in carbon emissions, marking significant progress towards its newly accelerated, science-based target of reducing emissions 50% by 2025, and net-zero by 2050, from a 2014 baseline.
Other notable accomplishments included in the report:
We’ve long known that our business relies on ingredients that come from a healthy earth. That is why we are strengthening our environmental efforts and moving toward science-based targets to reduce our impact on the planet.
Businesses have long recognized the need to decarbonize operations through setting GHG emission reduction targets, but these goals are typically short-term and incremental in nature – usually based on past performance or regulatory requirements. Science-Based Targets (SBTs) are far more ambitious and go beyond current legislation. They are aligned with climate science and stated aims of the Paris Climate Agreement. Their time horizon is longer (up to 2050) and require more aggressive cuts in emissions.