The emission targets set by Vitesco, a global supplier of powertrain technologies and e-mobility solutions, have now been officially validated by the Science Based Targets initiative (SBTi).
SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), and drives ambitious climate action in the private sector by enabling organisations to set science-based emissions reduction targets.
The SBTi certification “demonstrates Vitesco Technologies’ commitment to climate change mitigation while also ensuring that it is in line with the objectives of the Paris Climate Agreement and stands up to scientific scrutiny”, a release issued by the company stated.
Ingo Holstein, Executive Board member for Human Relations and Chairman, Vitesco Technologies’ Sustainability Committee called the validation an important milestone in the company’s climate journey. “We are proud to be part of the global movement of companies that are actively combating climate change and wish to be measured on the basis of their statements,” he said.
Rigorous Evaluation
SBTi undertakes a rigorous evaluation methodology and scientific investigation, and ensures that established goals are consistent with the best available scientific evidence.
Vitesco had earlier committed to reducing 100% of its own operational GHG emissions (Scope 1 and 2) by 2030. By the same time, the company is also committed to a 25% reduction in absolute Scope 3 GHG emissions, taking 2021 as a baseline.
The SBTi’s assessment in accordance with the V5 standard has confirmed that the Group’s proposed emissions reduction trajectory is consistent with the Paris Climate Agreement’s 1.5 degrees Celsius target, currently the most ambitious target in the SBTi process.
Beyond science-based targets, Vitesco Technologies aims to achieve net-zero GHG emissions by 2040, and that is based on three key levers for decarbonisation – electrification of the product portfolio, life-cycle engineering, and carbon neutrality in the company’s own processes. This would need Vitesco to eliminate materials, activities and processes that cause emissions to the greatest possible extent, or at least reduce or substitute them.
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