Business World of Renewable Energy

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Siemens Gamesa Signs Agreement with Science Based Targets Initiative (SBTi) for Reducing companies’ carbon emissions

Zamudio, Spain - Siemens Gamesa Renewable Energy (SGRE) announced its formal commitment to the Science Based Targets Initiative (SBTi) during the Global Climate Action Summit that took place in in San Francisco in September.

SGRE is committed to addressing climate related risks and opportunities, together with setting absolute reduction and efficiency targets related to emissions. By signing this agreement with SBTi, SGRE will be developing a measurable, science-based emissions reduction target within 24 months, which will be independently validated by SBTi’s team of technical experts.

SBTi, a collaborative initiative between the Carbon Disclosure Project, the United Nations Global Compact, World Resources Institute, the World Wide Fund for Nature, and the We Mean Business coalition, encourages companies to commit to making measurable reductions in carbon emissions at a level necessary to meet the 2 degree Celsius warming target set in the Paris Climate Accord. With technical resources, case studies, and promotional events, SBTi is working toward science based reductions targets becoming standard business practice by 2020. Nearly 500 companies have already made the commitment, of which 100 companies have already turned their commitments into targets, and SGRE is proud to join their ranks.

In order to realize the fullest value of climate benefits from wind energy and to reach the ambitious climate goals set in Paris, SGRE understands that this requires deep decarbonization of supply chains. “We are confident that SBTi will provide valuable support in reporting corporate contributions to reducing greenhouse gas emissions in line with the Paris Agreement goals and the 2 degrees Celsius scenario,” stated Markus Tacke, CEO of Siemens Gamesa. “We look forward to working with other business leaders who have made similar commitments with the aim of finding solutions to climate change, and will continue to encourage our fellow corporate citizens to make the bold commitments that are necessary to move the world toward a carbon-free future,” he added.

As a provider of clean and affordable energy for generations to come, the company’s scale and global reach ensure that it will continue to play a central role in shaping the energy landscape of the future.

Source: IWR Online, 01 Oct 2018