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Posti is committed to science based environmental targets
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Posti is committed to science based environmental targets

5/31/2020

Posti has joined the Science Based Targets initiative (SBTi). Nearly 900 organizations have already joined this climate initiative globally, including just over 20 organizations from Finland.

The most ambitious of the SBTi’s various commitments is Business Ambition for 1.5°C. It is for organizations whose emission reduction targets help keep climate warming to less than 1.5°C. Posti is committed to this ambitious target.

For the greenhouse gas emissions caused by Posti’s own operations (Scope 1 and Scope 2) , Posti’s target is a perfect zero by 2030. For greenhouse gas emissions generated by the value chain (Scope 3) , Posti will first identify the most significant sources of emissions and then set a separate emission target for the value chain. Both of the targets will first be submitted to the SBTi for review.

When the targets have been approved as satisfying the science based criteria, Posti will join a group of approximately 150 companies whose targets have been approved under the Business Ambition for 1.5°C commitment. There are currently four Finnish companies participating in the commitment. The presentation and approval of the specific targets will take place within 24 months.

“While the 1.5°C target is the most ambitious commitment under the SBTi , Posti’s target of zero emissions is actually even more ambitious. When we receive confirmation from the SBTi for our emission target, we can be assured that our target for the reduction of emissions is in line with climate science,” says Noomi Jägerhorn, Head of Sustainability at Posti.

Science Based Targets (SBT) is a collaboration between the Carbon Disclosure Project (CDP), the UN Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Science based climate targets are based on scientific calculation methods to ensure that the targets of companies are in line with the goals of the Paris Agreement.

Science Based Targets provides investors and other stakeholders with a useful tool for monitoring the comparable emission targets of companies.