Raben Group has joined the international Science Based Targets initiative (“SBTi”) and has set its decarbonisation near-term targets.
The SBTi is a global body enabling businesses to set emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. The SBTi is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF)
In 2022, following the publication of the IPCC report (Intergovernmental Panel on Climate Change), the company set new, more ambitious targets that include emission reductions across the value chain. Approval of the targets by the SBTi has confirmed their compliance with the climate goal of the 2015 Paris Agreement, which is to halt the rise in global average temperature at below 2⁰C.
Raben Group’s new near-term targets assume the reduction in Scope 1 and Scope 2 emissions by 38.7% by 2030 (compared to the level of emissions in these scopes in 2020). This means a reduction in emissions from both the transport carried out by Raben Group’s own fleet and emissions related to the maintenance of buildings and warehouse infrastructure. In addition, to achieve the goal of the Paris Agreement, Raben Group states it has committed itself to engaging its regular carriers, collectively responsible for 77% of Scope 3 emissions, in climate action by 2026, and for them to set emission reduction targets in line with scientific knowledge.