Pact Group’s near- and long-term greenhouse gas (GHG) reduction targets have been validated by the Science Based Targets initiative (SBTi), in line with its Corporate Net-Zero Standard.
The packaging manufacturer’s targets include reducing absolute Scope 1 and 2 GHG emissions by 50 per cent by FY30 from a FY21 base year, and Scope 3 emissions by 25 per cent by FY30 from a FY24 base year. By 2050, Pact aims to achieve net zero for Scope 1, 2 and 3 emissions.
In a statement on LinkedIn, the company said it was “living its vision to lead the circular economy by aligning with a net zero future”.
The SBTi develops standards, tools and guidance for companies to set GHG emissions reduction targets in line with climate science, with the aim of limiting global temperature rise and reaching net-zero by 2050 at the latest.
Pact’s validation comes under the SBTi Corporate Net-Zero Standard, which the organisation says provides “a clear, consistent and science-based definition of net zero” and ensures companies’ decarbonisation plans are aligned with climate science.
