EcoAct Group becomes first global science-based target partner
Global climate change solutions provider, EcoAct Group, has been confirmed as a Gold Partner for science-based targets through the CDP. CDP collaborates with the United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature on the Science Based Targets initiative (SBTi) that champions science-based target setting as a powerful way to boost companies’ competitive advantage in the transition to the low-carbon economy.
There has been an increase in global businesses making science-based emissions reduction commitments through the SBTi during the past year. Developing ambitious and meaningful carbon emission reduction targets is now becoming a pivotal part of a corporate sustainability strategy.
To provide companies with the support they need and drive uptake and implementation of science-based targets, CDP accredits science-based targets partners. Already a Gold CDP climate change consultancy partner for several years, EcoAct is the first international science-based targets partner.
CDP’s Director of Science-Based Targets, Alberto Carillo Pineda, said: “We are delighted to have EcoAct on board as our first global science-based targets partner. With experience assisting a number of large and complex organizations across a variety of sectors to set science-based targets, we are confident that their expertise will be of great benefit to companies looking to set science-based targets.”
EcoAct Group co-founder and CEO Gerald Maradan said: “EcoAct have helped over 25 companies develop science-based targets; from gaining buy-in to getting the target officially approved and recognised. With experience working with many organisations to set science-based targets across a range of sectors, EcoAct are excited by this partnership to support CDP, SBTi and companies working towards a low carbon, climate change-ready future.”
EcoAct Group is currently working with a diverse range of CAC 40, FTSE 100, IBEX 35 and Global 500 clients on setting SBTs, SBTi approval, CDP disclosures, climate risk assessment and scenario analysis and TCFD readiness.
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SBTs are emission reductions targets aligned with the rate of decarbonisation required by science to limit global warming to below 2 degrees. SBTs are a rapidly growing initiative with the number of companies publicly declaring theirs growing by the day.
- How to assess the feasibility of an SBT
- What the SBTi recommended approaches are
- The stages of calculating an SBT
- The considerations surrounding official verification
- Where to find the biggest potential in emissions reduction