SBTi validation underscores Sphera's
commitment to global decarbonization and minimizing its own
environmental impact
CHICAGO, April 29,
2024 /PRNewswire/ -- Sphera, a leading global
provider of environmental, social and governance (ESG) performance
and risk management software, data and consulting services, has
received validation of its Scope 1 and 2 greenhouse gas emissions
(GHG) reduction target from the Science Based Targets initiative
(SBTi), in line with a 1.5°C trajectory.
Sphera is committed to global
decarbonization and minimizing its own environmental impact.
The target applies to Sphera's direct operations, with a
commitment to reduce its absolute scope 1 and 2 GHG emissions by
60.5% by 2030 using 2019 as the base year. In 2019, Sphera's GHG
footprint equaled 8,582 tons of carbon dioxide equivalent. As
outlined in Sphera's most recent ESG Report, total GHG emissions
have already been reduced by 19%.
"In order to be successful in today's business environment,
organizations must be action-oriented in developing and improving
the sustainability of their operations and services," said Sphera's
CEO and President Paul Marushka. "As
such, we are not only committed to supporting our customers in
achieving their emissions reduction targets but also to minimizing
our own carbon footprint. We are proud of the SBTi approval of our
near-term, science-based emissions reduction target, and it
demonstrates Sphera's ongoing dedication to creating a safer, more
sustainable and productive world."
As part of today's announcement and Sphera's dedication to
global decarbonization, the firm also commits:
- To reducing absolute Scope 3 GHG emissions from fuel and
energy-related activities, waste generated in operations and
employee commuting by 46.2% from our 2019 baseline by 2023.
- That 60.7% of its suppliers by emissions covering purchased
goods and services and business travel will have science-based
targets by 2028.
This validation from the SBTi is a crucial step in the
transition to a zero-carbon economy. As part of the firm's ongoing
commitment to sustainability, Sphera reports its emissions in line
with requirements outlined by the Greenhouse Gas (GHG) Protocol.
Additionally, Sphera reports in reference to the standards of the
Global Reporting Initiative (GRI), the Sustainability Accounting
Standards Board (SASB) and the U.N. Global Compact (UNGC) and its
Sustainable Development Goals (SDGs).
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About Sphera
Sphera is the leading provider of
environmental, social and governance (ESG) performance and risk
management software, data and consulting services focusing on
Environment, Health, Safety & Sustainability (EHS&S),
Operational Risk Management (ORM), Product Stewardship and Supply
Chain Transparency. For more than 30 years, we have served over
8,400 customers and a million-plus users in 95 countries to help
companies keep their people safe, their products sustainable and
their operations productive. Learn more about Sphera
at www.sphera.com. Follow Sphera on LinkedIn.
About SBTi
The Science Based Targets initiative (SBTi)
is a corporate climate action organization that enables companies
and financial institutions worldwide to play their part in
combating the climate crisis. The SBTi develop standards, tools and
guidance which allow companies to set greenhouse gas (GHG)
emissions reductions targets in line with what is needed to keep
global heating below catastrophic levels and reach net-zero by 2050
at latest. The SBTi is incorporated as a charity, with a subsidiary
which hosts target validation services. The SBTi's partners are
CDP, the United Nations Global Compact, the We Mean Business
Coalition, the World Resources Institute (WRI), and the World Wide
Fund for Nature (WWF).
For media inquiries, please contact:
Amanda Meador / Alaina
Caruso, pro-sphera@prosek.com
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SOURCE Sphera