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Good practice example: Resource Transformation Company - Climate Change - Science-based Targets
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Resource Transformation Company - Climate Change - Science-based Targets

Corporation S specializes in electronic components manufacture. As part of its climate-related policy, S aims toward a net-zero CO2 supply chain by 2050 with no CO2 offsets. In order to achieve the target, they have defined milestones for 2025, 2030, and 2040 (as summarized in the table below). The S’s targets to become climate neutral in their Scope 1 and 2 emissions and reduce Scope 3 emissions by 35% compared to 2017 are aligned with the goals of the Paris Agreement and were validated 1.5°C Science-Based Targets.

Scope 3 upstream (suppliers)

Scope 1&2

Scope 3 downstream (customers)

Customers (saved and avoided)

2020 CO2 footprint

6.9 MtCO2

287 ktCO2

58.7 MtCO2

N/A

2025 target

N/A

Carbon neutral, allowing CO2 offsets

N/A

-800 MtCO2 since 2018

2030 target

-35% End-to-End

Net-zero,

with no CO2 offsets

-35% End-to-End

N/A

2040 target

Carbon neutral products (end-to-end value chain, with CO2 offsets)

2050 target

Net zero CO2 supply chain (no CO2 offsets)

Furthermore, S reports on concrete actions to achieve the milestones, for example:

Science-based targets are included in Schneider Electric’s 2020 Universal Registration Document, pp. 122–123, available here: https://www.se.com/ww/en/assets/564/document/197067/2020-universal-registration-document.pdf