We’re committed to minimising our impact on the environment, and key to this is our plan to reduce our greenhouse gas (GHG) emissions to net-zero. To ensure that this is meaningful and our progress against this target stands up against scrutiny, we have set near-term and long-term targets which have been approved by the Science Based Targets initiative (SBTi) and we’ve committed to reach net-zero across our value chain by 2050.
Near-term targets*
- Our near-term scope 1 and 2 reduction target has been set at 50.5% reduction by 2030
- Our near-term scope 3 reduction target has been set at 37.5% reduction by 2033
Long-term targets*
- Our long-term scope 1 and 2 reduction target has been set at 90% reduction by 2040
- Our long-term scope 3 reduction target has been set at 90% reduction by 2050
*The targets use 2018 as the base year.
What is the Science Based Targets initiative (SBTi)?
The Science Based Targets initiative (SBTi) is a corporate climate action organisation that enables companies and financial institutions worldwide to play their part in combating the climate crisis, limiting global temperature rise to 1.5°C in line with the Paris Agreement. The SBTi is widely recognised as the ‘gold standard’ for greenhouse gas reduction target validation programmes and develop standards, tools and guidance which allow companies to set targets in line with what is needed to keep global heating below catastrophic levels.
Our journey so far…
Decarbonisation is a commitment that we take seriously. In 2019, we became one of the first businesses in our sector in the UK to commit to the SBTi programme, publishing an original set of targets which were validated in 2020.
In January 2024, following a significant amount of work, we submitted revised targets to the SBTi. These are based on a recalculation of the Marshalls group footprint following our acquisition of Marley in 2022 and encompass the requirement a part of the updated Net-Zero standard to include the reduction of scope 3 emissions. Our new targets were validated in September 2024.
We're now taking meaningful and measurable steps required to meet our science-based targets, and we look forward to making progress towards our commitment to achieving net-zero by 2050.