COMPO receives SBTi validation for ambitious climate targets

SBTi - What's behind it

SBTi is a partnership between the Carbon Disclosure Project, the United Nations Global Compact, the World Resources Institute and the World Wide Fund for Nature. It was launched in 2015 to help companies set ambitious emissions reduction targets in line with current climate science and the goals of the Paris Climate Agreement to limit global warming to 1.5 degrees above pre-industrial levels. SBTi stands for the globally recognised standard for credible, science-based climate targets for companies.

Significance for COMPO

With the SBTi near-term targets, COMPO commits to reducing absolute greenhouse gas emissions in the value chain by 25 per cent by 2030 compared to the base year 2022. The targets meet the strict requirements of the SBTi and are based on the latest findings of climate science. Currently, only a very small percentage of less than 1 per cent of all companies worldwide have a target recognised by SBTi.

Key milestone in COMPOs ESG programme

The SBTi is the global standard for credible, science-based climate targets for companies. The implementation of the climate targets is regularly reviewed independently by the SBTi and communicated transparently. COMPO has already been able to demonstrate significant progress in reducing CO₂ emissions in recent years and will continue to consistently pursue the reduction plan in the future. With the SBTi validation, COMPO seamlessly joins the ranks of top international companies such as Henkel, Miele, L‘Oréal and Beiersdorf, with the common goal of making a fundamental contribution to limiting global warming and its consequences and at the same time reliably supporting trading partners in achieving their own climate targets.

The targets endorsed by SBTi are:

SBTi Services has validated that the science-based greenhouse gas emission reduction targets submitted by COMPO conform with the SBTi Standards and Guidance (Criteria version 5.2) and the SBTi Forest, Land and Agriculture Guidance (FLAG).

SBTi Services has classified your company’s scope 1 and 2 target ambition in conformance with the SBTi Standards and Guidance.

The official near-term science-based target language:

• Energy & Industry: COMPO Consumer GmbH commits to reduce absolute energy-related scope 1 and 2 GHG emissions by 42 per cent by 2030, from a 2022 base year . COMPO Consumer GmbH also commits to reduce absolute scope 3 GHG emissions, the indirect GHG emissions through the value chain, by 42 per cent within the same timeframe.
• FLAG: COMPO Consumer GmbH commits to reduce absolute scope 1 and 3 FLAG GHG emissions by 30.3 per cent by 2030, from a base year of 2022. The target includes Flag emissons and removals. COMPO Consumer GmbH also commits to no deforestation across  its primary deforestation-linked commodities, with a target date of December 31,  2025.