AMSTERDAM—CEOs of 10 leading Dutch companies committed to achieve net-zero greenhouse gas (GHG) emissions by 2050 with the support of the Science Based Targets initiative (SBTi). EVBox has committed to setting near-term Science Based Targets to align with SBTi’s Corporate Net Zero Standard. By doing so, the company aims to align with the most ambitious goal of the Paris Agreement and to what science shows is necessary to reduce the impacts of climate change.
The 10 committing companies are determined to set emission reduction targets for the short- and long-term targets, aiming to achieve net-zero emissions of greenhouse gas emissions throughout their value chain, independently validated by the technical experts at SBTi. This means reducing emissions rapidly and cutting them by half by 2030. By 2050, these organizations should have almost zero emissions and plan to neutralize any remaining emissions.
The SBTi Net-Zero standard is the most ambitious target that companies can set today and covers a company’s emissions along the entire value chain. Most companies will need deep decarbonization of at least 90 percent to reach net-zero by 2050.
The signing was done during a CEO breakfast session prior to the Purpose Day XL conference, under the guidance of Vice-President of the United Nations Global Compact, Paul Polman.
