By Wouter Meindertsma and Vincent Hoen, Ecofys
More and more companies, including leading Australian multinationals, are actively combatting climate change by committing to set science-based emission reduction targets. This is a powerful trend in a world of increasing greenhouse gas emissions and insufficient policies and incentives to keep global warming to a maximum of 2 degrees Celsius.
Sony, Nestlé, Walmart, Proctor & Gamble, are among over 200 international companies who have committed to Science Based Targets as part of a global effort to keep temperatures well below the 2-degree threshold. By using the broadly accepted Sectoral Decarbonization Approach, Science Based Targets allow companies to efficiently set ambitious, effective and credible emission reduction targets.
Australian companies have joined the call to action and more than seven corporate leaders have signed up to the Science Based Targets initiative, which was launched by CDP, the UN Global Compact, the World Resources Institute (WRI) and WWF in 2015. In a partnership with Edge Environment, the Sydney based leading consulting firm specialised in measuring, understanding and managing environmental and social impacts, Ecofys is now supporting several companies in Australia to take and maintain their lead in climate action.
The Sectoral Decarbonization Approach
Ecofys is the developer of the Sectoral Decarbonization Approach (SDA), which is the leading methodology for setting science-based targets for your organisation.
The SDA methodology is unique, since it looks at sector-specific decarbonization pathways that are compatible with the 2°C threshold rather than applying a generic approach for all companies regardless of the nature of their operations. This allows for more effective and credible target setting. The SDA has been used by the majority of companies who have committed to set science-based targets.
Ecofys also leads the extension and refinement of the methodology for several sectors, like agriculture and forestry, freight transport, chemical and ICT sector and recently also for financial institutions. To gain more insight in the benefits of the SDA methodology and our work, please watch our webinar on the topic. Find the methodology report and more information at sciencebasedtargets.org.
Ecofys – Experts in Energy: Established in 1984 with the mission of achieving “sustainable energy for everyone”, Ecofys has become the leading expert in energy policies, climate strategies and policies, energy systems and markets, urban energy as well as sustainable industries and services. Since November 2016, Ecofys
is part of Navigant’s global energy practice. Ecofys creates smart, effective, practical and sustainable solutions for and with public and corporate clients all over the world. With offices in Belgium, the Netherlands, Germany, and the United Kingdom, Ecofys employs over 200 people dedicated to solving energy and climate challenges. www.ecofys.com
Edge Environment: A leading Australian environmental consultancy, Edge Environment has been offering effective tools and solutions for environmental management in the public and private sector since 2008. Applying scientific and technical rigour, Edge are innovative thinkers and collaborative partners, presenting creative solutions that are well aligned with the commercial reality of its clients. www.edgeenvironment.com.au