NG Bailey targets Net Zero
Leading electrical contractor NG Bailey has announced that its plan to reduce its carbon emissions has been approved by an independent body.
The Science Based Targets initiative (SBTi) has approved the company’s long-term science-based emissions reduction target to achieve net zero emissions by 2045.
This new target is in addition to its existing science-based near-term targets and Race to Zero commitment. This means that the firm will reduce absolute Scope 1 and 2 greenhouse gas emissions – its directly-produced emissions – by 90 per cent by 2045 from a 2018/19 base year.
Additionally, NG Bailey commits to reducing absolute scope 3 greenhouse gas emissions – those produced indirectly by the supply chain – by 90 per cent also by 2045.
Currently, 83 per cent of its total emissions are from the products and services that it purchases. But the contractor says that it is working with its supply chain partners to identify and deliver the necessary carbon reductions. Its long-term strategic ambitions are set out in it Net Positive strategy, and its work towards its Net Zero targets is supported by its existing near-term targets.
It commits to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 50 per cent by 2031 and that some 75 per cent of its suppliers, by spend, covering purchased goods and services and capital goods, will have science-based targets by 2027.
It says that receiving validation from the Science Based Targets initiative demonstrates the credibility of its commitments and supports its ambitions to limit its climate change impact.
The Science Based Targets initiative is a collaboration between Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments.
The Science Based Targets initiative defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.
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