Stibo Software Group commits to set Science Based Target initiative (SBTi) net-zero targets
June 13, 2023 – 2 min. read
Aarhus, Denmark, 12.06.2023 – Stibo Software Group, the parent company of Stibo DX, has committed to set near-term and net zero company-wide emission reductions in line with climate science with the Science Based Targets initiative (SBTi).
“We are aware of the importance of rapid and deep emission cuts worldwide, and we feel the urgency to take action,” said Paul van Lennep, Head of ESG & Sustainability.
“Setting these kinds of robust targets – at the pace and scale required by climate science – is a crucial part of our ESG strategy.”
By committing to set a net-zero target, Stibo Software Group has also become part of Race to Zero, the UN-backed campaign. This global campaign looks to rally leadership from all non-state actors for a healthy, resilient, zero-carbon recovery.
Stibo Software Group is preparing to submit its net-zero targets and actions to the SBTi for validation and expects to complete this before the end of 2023.
The group’s near-term targets (up to 2030) for SBTi will include:
- A minimum of 4.2% linear annual reduction for all scope 1 and 2 emissions compared to the base year 2021/2022
- A 7% year-on-year intensity reduction for all scope 3 emissions
- 80% renewable energy use by 2025 and 100% by 2030
- Stibo Software Group’s long-term and net zero science-based target includes a minimum of 90% reduction for scope 1 and 2 and 97% scope 3 intensity reductions by 2050 latest.
About the Science-Based Targets initiative
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, the World Resources Institute (WRI) and the Worldwide 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. More at www.sciencebasedtargets.org.
About Stibo DX
Stibo DX, the company behind CUE, has developed the content creation and asset management platform in close collaboration with leading media corporations and brand publishers. More than 35,000 content creators in +200 corporations worldwide are working in CUE to create engaging digital experiences, manage resources and workflows as well as publish assets across channels. Stibo DX is a privately held subsidiary of Stibo Software Group, founded in 1794, and is headquartered in Aarhus, Denmark. More at www.stibodx.com.
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