Emissions reduction commitment accelerated
Specialist French glassmaker for the beauty industry, Verescence has committed to set a science-based Greenhouse Gas (GHG) emissions reductions target by joining the Science Based Targets initiative (SBTi). The company will submit its target by the end 2022, in line with the latest climate science.
Four years after the Paris Agreement, adopted following COP 21, 798 private sector companies have joined the Science Based Targets initiative. Verescence is the first glassmaker for luxury perfumery and cosmetics to commit.
The Science Based Targets initiative is a collaboration between the Carbon Disclosure Project (CDP), the World Resources Institute (WRI), the World Wide Fund for Nature (WWF) and the United Nations Global Compact (UNGC). It encourages companies to set targets for reducing greenhouse gas emissions based on scientific data, in order to meet the goals of the Paris Agreement – to limit global warming to well below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.
After having set a first series of reduction targets for its CO2 emissions (Scope 1: Direct GHG and Scope 2: Energy Indirect GHG) for the 2016-2022 period), Verescence aims to go even further by committing to set reduction targets aligned with the recommendations from the scientific community.