Severn Trent's ambitious carbon reduction plan receives global endorsement
Thursday 19th August 2021
Severn Trent’s carbon reduction plan has been approved by the global Science Based Targets initiative (SBTi), as part of its ongoing commitment to tackling climate change.
The Midlands water and waste company is just one of around 600 businesses globally, to have its ambitious science-based emissions target rubber stamped by the SBTi.
Recognition from the SBTi – a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) - is widely accepted as providing the gold standard approval for emission reduction targets.
Severn Trent’s greenhouse gas emission targets are consistent with reductions that are required to keep warming to 1.5°C, the most ambitious goal of the Paris Agreement.
The company has already made a triple carbon pledge of reaching net zero carbon emissions, using 100% renewable energy and transitioning to a fleet of vehicles that are entirely electric by 2030.
Liv Garfield, Severn Trent’s Chief Executive, said: “We’re immensely proud to get this seal of approval from the SBTi, who’ve recognised the bold steps we’re taking to reduce our carbon emissions and help in the fight against climate change.
“With this much sought-after accreditation, we’re joining a select number of like-minded businesses around the world, who share our desire to meet the most ambitious goals set out in the Paris Agreement.”
Liv added: “It’s not just about us. We want to bring our supply chain with us on the same journey. Only by working together, can we achieve these ambitious carbon emission targets.”
Earlier this year, Severn Trent revealed plans to invest £565m over the next four years to help the environment as part of an ambitious Green Recovery programme.
The company has also recently announced it has joined forces with Birmingham 2022 to help deliver the first ever carbon-neutral Commonwealth Games. Severn Trent will be responsible for delivering a series of initiatives that help offset the carbon generated by the Commonwealth Games and hopes to leave a positive social and environmental legacy of sustainability in the West Midlands.