The Intergovernmental Panel on Climate Change (IPCC) has highlighted that urgent climate action is needed. That’s why we have an ambition to reach net zero emissions by 2040.
The world is at a critical point. Climate change – caused by greenhouse gas (GHG) emissions, in part from businesses such as ours – is leading to global temperature increase and extreme weather conditions around the world. COP26 and the IPCC has highlighted that urgent climate action is needed if we are to limit global temperature increase to 1.5°C.
We take seriously the responsibility to reduce our GHG emissions, to mitigate climate change and to protect the future of our planet.
That’s why we have an ambition to reach net zero emissions by 2040 – 10 years ahead of the Paris Climate agreement – and to reduce our absolute GHG emissions across our value chain by 30% by 2030 (vs 2019).
Our 2030 GHG reduction target has been approved by the Science Based Targets initiative (SBTi) as being in line with a 1.5˚C reduction pathway, as recommended by the IPCC. We’ve set targets for our business in Europe, and in 2022 we will set a new science-based emissions reduction target, which will include our Australia, the Pacific and Indonesia (API) territories.
Over 90% of our value chain GHG emissions come from our supply chain. So, we are committed to supporting suppliers to set their own science-based carbon reduction targets and to shift to 100% renewable electricity and to begin sharing their carbon footprint data with us.
As an influential global business, we use our voice to guide public policy and drive the transition to a low-carbon future. In 2021, we joined over 700 of the world’s largest organisations and the We Mean Business Coalition, to call for G20 nations to step up their climate ambitions and adopt stronger targets to mitigate the worst effects of climate change.
We are a proud member of The Climate Group’s RE100 initiative across Europe and API. We are also a member of the Corporate Leaders Group, supporting European Union policymakers in their work to increase the EU’s GHG emissions reduction targets for 2030, in line with the EU’s goal to become carbon neutral by 2050.
Our actions support UN Sustainable Development Goal 7: Affordable and clean energy and Goal 13: Life on land.