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Core materials manufacturer Diab has set emission reduction targets which have been approved by the Science Based Targets initiative.
According to the Paris agreement, governments have committed to strive to prevent climate change by limiting global warming to less than 2°C. The agreement is accelerating the transition into a low carbon economy and companies worldwide need to urgently adapt to this, take the lead and do their part.
The Science Based Targets initiative, which is a collaboration between CDP, UNGC, WRI and WWF, aims to help companies set science-based targets as a powerful way of boosting their competitive advantage in the transition to a low-carbon economy.
The setting of science-based emission reduction targets ensures that a company’s strategy is in line with the latest scientific findings and that a business is resilient and prepared to adapt to the changing regulatory and business environment.
“We are proud to be the first company in the world within the composite industry to have set science-based targets and we want to challenge our colleagues in the business to do the same,” states Per Hökfelt, Group VP Sustainability EHSQ, Diab International.
“We congratulate Diab International for their newly approved science-based target,” says Cynthia Cummis, Director of Private Sector Climate Mitigation at World Resources Institute (WRI), member of the Science Based Targets initiative steering committee. “By setting a target that aligns with global efforts to mitigate the worst effects of global warming, Diab International are future proofing their operations and priming themselves to thrive during the low-carbon transition.”
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