August 26, 2024

SBTi approves OneCo's climate targets

OneCo has set climate targets to reduce greenhouse gas emissions in line with the Paris Agreement. The Group's targets are now approved by the Science Based Targets initiative (SBTi).

– The fact that our targets have been approved by the SBTi means that they are science-based and comply with an established international standard. It confirms that our climate targets are of a high standard. It is now important to follow up on these targets in the areas where we need to make changes to reduce our emissions, says Birthe Nordseth, Executive Vice President for Organisation and Sustainability at OneCo.

The SBTi’s validation is based on a review of OneCo’s historical emissions, as well as the targets and measures we have set out to reduce our climate impact going forward.

Clear targets for reducing emissions

Through our climate targets, we are committed to reducing our direct and indirect emissions by 42 per cent, compared with a specified base year, by 2030, and to achieving net-zero emissions by 2050. In this context, the transition from fossil-fuel-powered service vehicles to electric vehicles is one of our most important measures for reducing our emissions.

Requirements for suppliers

We are also committed to ensuring that 73 per cent of our purchases of goods and services are made through suppliers who have also set science-based climate targets by 2028.

More information on climate targets and SBTi

Find out more about our sustainability work on the page Sustainability.

The Science Based Targets initiative (SBTi) is a collaboration between CDP, the UN Global Compact, the World Resources Institute and the World Wide Fund for Nature. This collaboration enables companies and financial institutions worldwide to take responsibility in the fight against the climate crisis. Find out more at SBTi website(opens in a new tab).

 

Want to read more about what we do?