Safilo Group is pleased to announce that its near-term science-based targets have been validated by the Science Based Targets Initiative (SBTi), a partnership between the CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), which promotes ambitious climate action in the private sector by enabling organizations to set science-based emissions reduction targets.
In March 2023, during the presentation of the Group’s Business Plan, Safilo also detailed the goals of its sustainability strategy, including near-term science-based targets. The SBTi evaluated Safilo’s scope 1 and 2 target ambitions as in line with a trajectory of limiting global warming to 1.5°C above pre-industrial levels.
Safilo’s near-term science-based targets are to reduce scope 1 and 2 GHG absolute emissions by 70% by 2030 from a 2022 base year and to reduce scope 3 GHG absolute emissions from purchased goods and services and upstream transportation and distribution by 25% within the same timeframe.
According to the Science Based Targets initiative, science-based targets provide a clearly defined pathway for companies to reduce GHG emissions, helping to prevent the worst impacts of climate change and to future-proof businesses. 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.