Procuritas commits to set Science Based Targets
Procuritas wants to be part of the solution to one of the world’s most pressing sustainability challenges. Therefore, we have decided to set Science-Based Targets (SBTs) to reduce our green-house gas emissions in line with the Paris Agreement goals.
After submitting our commitment to the Science Based Target Initiative (SBTi) we will now start developing our goals to be approved by the SBTi. Our biggest climate impact comes from our investments; hence an important part of our commitment will be to support our companies in developing SBTs, too.
– More than 4,000 businesses around the world are already working with the Science Based Targets initiative and we want Procuritas as well as our companies to be part of this positive movement. It will be an effective way to mitigate climate change, says Mattias Feiff Co-Managing partner at Procuritas.
Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to 1.5°C above pre-industrial levels.
– To set Science-Based targets demonstrates that we truly want to contribute to a more sustainable planet. As owners, we have a significant opportunity to influence our companies in a positive direction, and this is definitely a crucial milestone in strengthening the sustainability profile of our portfolio, says Linda Leifsdotter, head of ESG at Procuritas.
The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Science-based targets provide a clearly-defined pathway for companies to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change and future-proof business growth.
Ambitious corporate climate action – Science Based Targets