Bodycote plc, headquartered in Macclesfield, Cheshire, UK, has announced that its near-term science-based emissions target that has been approved by the Science Based Targets initiative (SBTi).
SBTi is an independent global body enabling businesses to set and validate emissions reduction targets in line with the latest climate science and strict criteria. The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) and is one of the We Mean Business Coalition commitments.
Science-based targets provide a clearly-defined pathway for companies with ambitious climate goals to reduce greenhouse gas emissions, helping prevent the worst impacts of climate change and future-proofing business growth. Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C.
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Bodycote, with over 165 facilities in twenty-two countries, commits to reduce its absolute scopes 1 and 2 greenhouse gas emissions by 28% by 2030 from a 2019 base. Scope 1 includes all emissions directly linked and emitted by Bodycote facilities and Scope 2 includes all emissions linked to the group’s purchased inputs, those associated with the purchase of electricity, steam or cooling. Bodycote measures Scope 3 emissions, in line with the SBTi guidelines, but does not report them as SBTi deems the quantum to be immaterial.
Bodycote’s services are used to ensure the performance and longevity of crucial components, enabling – amongst many other advantages – longer lifetimes, less machining, less waste and greater fuel efficiency. Both in the products themselves and the way the company processes them, Bodycote’s services support industry to avoid emissions, commonly referred to as Scope 4. By avoiding emissions from the outset, Bodycote intends to be a major contributor to helping industries to reduce their carbon footprint and help to minimise the adverse impact on the climate.
“We are very pleased to achieve approval of our near-term science-based emissions targets. Managing energy and reducing our environmental impact has long been part of our corporate culture,” stated Stephen Harris, Bodycote Group Chief Executive. “As a company, Bodycote is focused on ethical and sustainable growth, and proud of our commitment to setting an ambitious target. Leading by example, Bodycote demonstrates the positive impacts of carbon reduction for its stakeholders and encourages other businesses to commit to science-based targets.”