Greene Kings gets the nod from Science Based Targets
Greene King has received approval from the SBTi for its emissions reduction target.
Greene King has received approval from the Science Based Targets initiative (SBTi) for its near-term science-based emissions reduction target.
The targets were submitted to the global body by Greene King last year.
They outlined the operator and brewer's commitment to reduce absolute scope 1 and 2 GHG (greenhouse gas) emissions by 50% by 2030. Greene King also committed to reducing absolute scope 3 GHG emissions by 50% within the same timeframe.
It is of wide belief across the on-trade that action is urgently needed by all companies, as the latest climate science from the Intergovernmental Panel on Climate Change was described by the UN as “code red for humanity”.
Evidence from the panel showed it is still possible to limit a global temperature rise to 1.5°C, but that the world is dangerously close to that threshold.
"We know the scale of what has to be done and today is an important milestone, as it shows our climate action plan is based on science," says Greene King CEO Nick Mackenzie. "The hard work starts now as we are just starting out on our journey and beginning to put our commitments into practice.
"The climate crisis is the greatest challenge of our time, and it’s clear from climate science findings that nothing less than rapid and deeps cuts to emissions before 2030 are required. It’s vital we play our part in this – it’s the right thing to do, helps our customers make more sustainable choices and ensures the long-term commercial sustainability of our pubs and breweries across the UK."
In 2022, Greene King announced its intention to seek approval from the SBTi for its near-term emissions target. The pub company and brewer has also publicly committed to be net zero by 2040, and plans to submit this net zero commitment to the SBTi for approval later this year.