Spanish wind energy giant Siemens Games Renewable Energy announced last week that it has committed to develop a “measurable, science-based emissions reduction target” that will be independently approved and verified by the Science Based Target initiative.
The announcement was made last week during the Global Climate Action Summit held in San Francisco, and committed the company to “addressing climate related risks and opportunities, together with setting absolute reduction and efficiency targets related to emissions.” Siemens Gamesa is already one of the world’s most important manufacturers, in terms of the transition to a low-carbon economy, being the world’s largest wind turbine manufacturer, overtaking rival Vestas in 2017 according to figures published earlier this year.
Now, beyond simply contributing to others’ involvement in the low-carbon transition, Siemens Gamesa has committed to putting its money where its mouth is, so to speak.
The Science Based Targets initiative (SBTi) will independently validate Siemens Gamesa’s target. The SBTi is a joint collaboration between the Carbon Disclosure Project, the United Nations Global Compact, World Resources Institute, the World Wide Fund for Nature, and the We Mean Business coalition, intended to encourage and support companies to commit to making measurable reductions in their carbon emission levels at a scale that actively contributes to meeting the 2°C warming target set in the Paris Climate Accord.
“We are confident that SBTi will provide valuable support in reporting corporate contributions to reducing greenhouse gas emissions in line with the Paris Agreement goals and the 2 degrees Celsius scenario,” explained Markus Tacke, CEO of Siemens Gamesa. “We look forward to working with other business leaders who have made similar commitments with the aim of finding solutions to climate change, and will continue to encourage our fellow corporate citizens to make the bold commitments that are necessary to move the world toward a carbon-free future.”
There are now nearly 500 companies from around the world who have committed to creating and adopting science-based targets approved by the SBTi, and more announcing all the time.
“We are delighted that Siemens Gamesa has made a commitment to set a science-based target,” said Alexander Farsan, Global Lead, Science Based Targets, WWF, one of the Science Based Targets initiative partners. ” As a leading manufacturer of wind turbines, Siemens Gamesa is already building the energy systems of tomorrow. With a science-based target embedded in their business strategy they can showcase the business model of tomorrow too.”
When asked how important it is for a renewable energy company such as Siemens Gamesa to also be dedicated to the same low-carbon economy that they are helping to supply, Farsan replied: “It’s extremely important for all companies from all sectors to set science-based targets and embed them in their business strategies – and especially in sectors that require a lot of energy and resources, such as manufacturing. For a company in the green economy like Siemens Gamesa it’s a no-brainer to make sure your business operations, as well as your product offering, is aligned with climate science and the direction of travel for the economy.”
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