The Science Based Targets initiative was launched by the World Wide Fund for Nature (WWF), the CDP, the United Nations Global Compact (UNGC), and the World Resources Institute (WRI) ahead of the 2015 UN Climate Change Conference in Paris (COP21). During the COP21, 195 countries committed to reducing their CO2 emissions to keep the global temperature increase under 2°C compared with pre-industrial temperatures. By joining the SBTi, companies commit to cutting their greenhouse gas emissions to help achieve the goals of the Paris Agreement.
Bel will submit CO2-reduction targets to the SBTi committee of experts. The targets must be submitted and validated within two years.
“Bel is proud to unite its efforts with those of the Paris Agreement signatory countries, as well as the companies that have joined the Science Based Targets initiative,” said Antoine Fiévet, Chairman and Chief Executive Officer of the Bel Group. “The fight against global warming is today a priority to which we all must contribute.”