Bureau Veritas GHG emissions targets approved by the SBTi
Jun. 1 2023
Bureau Veritas is proud to announce that our near-term targets have been validated by the Science Based Targets initiative (SBTi).
The Group commits to:
- reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2021 base year;
- reduce absolute scope 3 GHG emissions 25% within the same timeframe.
This validation by the SBTi is an important step, in line with Bureau Veritas’ Climate Transition Plan. It marks our strong commitment to follow a CO2 emissions reduction trajectory consistent with 1.5°C of global warming.
Reducing our carbon footprint is one of the three pillars of the BV climate transition approach, along with adapting to climate change and assisting our clients to reach net zero. We do this by providing ESG technical assistance, inspection and certification services designed to help reduce CO2 emissions.
We have identified five main pathways to achieve our goals and developed dedicated action plans and indicators associated with 2030 targets for each:
- lab energy consumption;
- office energy efficiency;
- renewable energy;
- business travel;
More about Bureau Veritas’ efforts to accelerate action on climate change can be found in the BV 2023 Climate Transition Plan.
Sustainability topics have been at the heart of our business for almost 200 years, through our expertise in health, safety, quality and environmental protection. Thus, Bureau Veritas operates according to a sustainable development model that integrates sustainability and financial performance.
As a result, we have designed our internal sustainability strategy with the aim of Shaping a Better World, by means of three pillars: Shaping a Better Workplace, Shaping a Better Environment and Shaping Better Business Practices. This strategy is aligned with the UN’s sustainable development goals and relies on a materiality assessment to identify the most important issues, risks and opportunities for our business and stakeholders.
About the SBTi
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reduction 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 initiative is a collaboration between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practices in science-based target-setting, offers resources and guidance to reduce barriers to adoption and independently assesses and approves companies’ targets.