The CIECH Group, as the first of the large industrial companies in Poland, has signed up for the Science Based Targets (“SBTi”) initiative, created by, among others: United Nations Global Compact, Carbon Disclosure Project, World Resources Institute (WRI) and World Wide Fund for Nature (WWF). The venture is designed to set climate goals for individual companies based on science and to monitor progress regularly. SBTi member companies aim to keep global warming below 2 degrees Celsius compared to the pre-industrial era, in line with the Paris Agreement.
The Science Based Targets initiative promotes best practices in reducing greenhouse gas emissions and achieving climate neutrality in accordance with scientific knowledge and the experience of climate scientists, among others. It offers support to its members in setting goals and timelines for achieving climate goals, and additionally provides professional monitoring of activities. Science Based Targets is also a leader of the Business Ambition for 1.5°C campaign, which aims to promote actions in the business community to reduce the rate of global warming.
– Business should be a pioneer in setting trends and promoting actions that will help change things for the better for decades to come and for generations to come. We have an ambitious plan to achieve climate neutrality in 2040. Joining SBTi confirms our determination to achieve this. We will subject our actions to scientific verification to make sure that, through their implementation, we actually contribute to slowing and stopping climate change. To this end, we focus on co-operation with the leaders in the fight against global warming and we join the coalition of responsible business, which includes our business partners from all over the world,” says Dawid Jakubowicz, President of the Management Board of CIECH S.A.
Nearly 2 thousand companies from all over the world have joined the initiative, but only a few of them are from Poland. Nearly a thousand of the participating companies have already completed verification and have set science-based climate targets.
Grupa CIECH, in the ESG strategy presented in the spring of 2021, pledged to achieve climate neutrality in 2040, a gradual reduction in carbon dioxide emissions (by about 33 percent by 2026 compared to 2019), the abandonment of coal in the energy production process by 2033, as well as the possibility of using modern technologies for this purpose, such as nuclear micro-reactors, among others. In September, CIECH signed a letter of intent in this matter with Synthos Green Energy.
In addition, CIECH intends to increase the rate of energy consumption reduction and to use solutions in accordance with the idea of a closed economy to an even greater extent. Of the eight commitments of the Group’s ESG strategy, as many as four relate to climate issues. For more information, please visit www.esgciech.com.
Our interview with Przemyslaw Wasilewski about Grupa Ciech’s ESG strategy can be read on this link.
Source: ciechgroup.com (translated with deepl.com)
Cover picture: ciechgroup.com
