Recognising that climate change poses a threat to the economy, nature and society-at-large, our company commits to take action immediately in order to:
In doing so, we are proud to be recognised by the United Nations Race to Zero campaign, and join governments, businesses, cities, regions, and universities around the world that share the same mission.
What does net zero emissions mean and why do we have to reach this state by 2050?
In 2015, the landmark Paris Agreement was signed by 196 countries with the overarching objective of “holding the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5°C above pre-industrial levels, recognising that this would significantly reduce the risks and impacts of climate change.”
In 2018, the Intergovernmental Panel on Climate Change – the leading scientific body for climate change – issued a major report called the IPCC Special Report on Global Warming of 1.5°C, in which over 6000 climate scientists stated that to avoid the worst effects of climate change, we must limit global warming to 1.5°C.
Current estimates suggest that we have already reached global warming of approximately 1°C and if we continue on the current trajectory, we will reach global warming of 1.5°C between 2030 and 2052. As long as we keep emissions above zero, the planet will continue to heat and that is why it is also important to reach a state where the greenhouse gases going into the atmosphere are balanced by permanent removal out of the atmosphere (net zero) as quickly as possible and by no later than 2050.
This objective can only be met if everyone contributes to a global collaborative effort – and that means every business of every size, sector and geography, including SMEs, must do its part.
We have already been working hard on our commitment to reduce our emission and below is what we have been doing over the past several years:
