- Date 25 Oct 2021
Johnson Matthey (JM) has received approval and validation from the SBTi for its science based greenhouse gas reduction targets for 2030, with confirmation that they are "in line with the well-below 2°C trajectory" of the UN Paris agreement on Climate Change. It means that JM becomes listed as 'a company taking action'.
What is the SBTi?
The SBTi mobilises companies to set science-based targets for the next 5 – 15 years and boost their competitive advantage in the transition to the low-carbon economy. It is a partnership between the Carbon Disclosure Project, UN Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
The SBTi focuses on four key topics:
- Builds technical foundations
- Scales-up adoption
- Conducts independent assessments
- Institutionalises SBTs.
Science based targets are aligned with the latest climate science to meet the Paris Agreement, which aims to limit global warming to well below 2 degrees Celsius above preindustrial levels.