How do you actually determine whether your own efforts in terms of climate protection and sustainability actually have an effect on the environment and climate targets? Phoenix Contact has joined the Science Based Targets Initiative (SBTi). Founded by non-governmental organizations (NGOs), the initiative defines and promotes procedures for reducing emissions in line with established climate science. The ultimate goal is the joint achievement of the Paris Climate Agreement with its 1.5-degree target.
“We opted for the SBTi standard because it is already established in our market,” explains Torsten Janwlecke, COO on the Executive Board and responsible for sustainability management at Phoenix Contact. The SBTi specifications and calculation methods provide the science-based framework within which targets can be formulated, planned and provided with concrete measures. “For us, this is the door to greater transparency. We want to make sound measurements, we want to make comparisons and, above all, we want to know whether our climate measures are sufficient to achieve the 1.5 degree target in good time.”
Torsten Janwlecke, COO and Lara Meyer, Sustainability Manager Phoenix Contact
As a result, the SBTi methodology at Phoenix Contact also flows into the sustainability reporting obligation and is linked to the ESG targets. Torsten Janwlecke: “We are doing very well with many sustainable measures. The use of climate science methods helps us to recognize whether the measures we have taken are having a sufficiently rapid impact on our planet.” This has now also been certified by the SBTi, providing customers with an independent basis for trust. The Science Based Targets Initiative was founded in 2015 and consists of employees from the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Since then, more than 1000 companies have joined the initiative.
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