Ecofys and Edge Environment team up to boost Science Based Targets implementation in Australia
As a sustainability or strategy professional looking to develop a climate strategy, you are faced with a myriad of options to choose from.
Which methodology to apply? How can you tell if your target is ambitious enough in view of global climate goals and your industry? Science Based Targets let you do just that: translating the specific mitigation opportunities of your sector into an emissions reduction target in line with the 2°C goal. CDP, UN Global Compact, WRI and WWF launched the Science Based Targets initiative (www.sciencebasedtargets.org) two years ago, and today over 200 companies are developing such targets.
Bringing the ground-breaking metric to the Australian shore, Edge Environment and Ecofys have formed an alliance to support Australian companies in developing and implementing Science Based Targets.
“We have supported over 30 companies across the globe and all major sectors in setting Science Based Targets.” says Giel Linthorst, leading global expert on Science Based Targets at Ecofys.
“We are excited by the opportunity to complement experiences with Edge Environment and support Australian businesses that want to build credibility among stakeholders and become more risk resilient and save money. This is an opportunity for Australian companies to shape, influence and inform future climate policies by taking pragmatic, scientific and proportionate action.”
Rather than applying a generic approach for all companies regardless of the nature of their operations, Ecofys developed for the Science Based Targets initiative a new methodology to allow companies to allocate emissions from its activities based on sector specific profiles. Subsequently, emission reduction pathways per sector inform how much the companies’ emissions need to be reduced. The method is based on the International Energy Agency’s Energy Technology Perspectives 2 Degrees Scenario and aims at keeping global warming well below 2ºC based on most economic abatement activities. The methodology provides companies with emission level targets for each year until 2050.
Setting a target is a first step. “We also provide a method for assessing what a company needs to do to achieve the Science Based Targets level, and the most cost-effective way to achieve the targets.” says Jonas Bengtsson CEO and co-founder of Edge Environment. “We assess the company’s current abatement strategy and the emissions reduction level that is to be expected. If there is a gap, we advise on how it can be bridged to achieve science-based emission levels.”
If you would like to learn more about how your organisation can set Science Based Targets and increase its competitiveness contact Jonas.
Edge Environment is a leading Australian environmental consultancy offering effective tools and solutions for environmental management in the public and private sector since 2008. Applying scientific and technical rigour, Edge are innovative thinkers and collaborative partners, presenting creative solutions that are well aligned with the commercial reality of its clients. www.edgeenvironment.com
Ecofys – Experts in Energy Established in 1984 with the mission of achieving “sustainable energy for everyone”, Ecofys has become the leading expert in energy policies, climate strategies and policies, energy systems and markets, urban energy as well as sustainable industries and services. Since November 2016, Ecofys is part of Navigant’s global energy practice. Ecofys creates smart, effective, practical and sustainable solutions for and with public and corporate clients all over the world. With offices in Belgium, the Netherlands, Germany, and the United Kingdom, Ecofys employs over 200 people dedicated to solving energy and climate challenges. www.ecofys.com