Global management consulting firm Simon-Kucher has announced that its greenhouse gas (GHG) emissions reduction targets were successfully validated by the Science Based Targets initiative (SBTi). That includes going net-zero by 2050.
The validation from SBTi puts the firm in the prestigious group of around 2,000 organizations with concrete targets that support a net-zero future in actions and not just words. Other large companies that have SBTi-validated emissions targets include Tesco, Pfizer, AstraZeneca, Tetra Pak, and The Kellog Company, among many others.
“At Simon-Kucher, we believe in the power of businesses to drive positive change,” said Anne Rupp, Global Head of ESG at Simon-Kucher. “Our commitment to science-based emission reduction targets reflects our acknowledgment of the urgent need for environmental responsibility.”
Simon-Kucher’s SBTi-approved emissions reduction targets include going net-zero by 2050. As for the near-term, the firm is on course to cut emissions by 42% in scope 1 and 2 by 2030, and by 30% in scope 3, the harder-to-reach emissions in companies’ supply chains that do not fall under direct ownership or control.
The SBTi is a collaborative effort directed by several international organizations. The initiative was launched in 2015 to encourage businesses to set science-based targets for reducing their GHG emissions. Science-based targets are important for companies to take measurable and verifiable actions to reduce their carbon footprint in line with what is considered necessary to prevent the most severe impacts of climate change.
“By aligning with SBTi, we contribute to a global movement striving for a sustainable and resilient future”, Rupp concluded.
Founded in 1985, Simon-Kucher has since grown from its origins in Germany to a global consulting firms with over 2,000 people in 30+ countries. The company is world-famous for its commercial strategy and pricing expertise.