5 AN UPGRADED COMMITMENT INSIGHT | Focus On The new near-term and net-zero targets – which have been approved by the Science Based Targets initiative (SBTi) – include the goal to reduce Scope 1 and 2 greenhouse gas emissions by 47% and to cut Scope 3 emissions by 28% by 2030, compared to the 2019 baseline. This is an upgrade from the previous targets of 46% (Scope 1&2) and 21% (Scope 3). Prysmian’s net-zero commitment to reduce all the greenhouse gas emissions throughout the value chain by 2050, was also approved by SBTi. “We were the first cable maker to receive the approval from the Science Based Targets initiative for our decarbonization targets, in September 2021. At the beginning of this year, we upgraded our commitment, and we have just received the validation,” Cristina Bifulco said during the “Going Green and Digital” Sustainability Week event on June 28 which brought together company stakeholders in Milan. The Science Based Targets initiative mobilizes firms to set science-based targets and boost their competitive advantage in the transition to a zerocarbon economy. It is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the Worldwide Fund for Nature (WWF). SBTi defines and promotes best practice in science-based target setting and independently assesses and approves companies’ targets. “This is a great achievement, and it confirms our commitment to decarbonizing our footprint and innovating products in this direction.” The first cable maker to receive the approval from the Science Based Targets initiative for our decarbonization targets. SEPTEMBER 2021
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