Alongside the unveiling of a new fleet of electric buses for South Yorkshire, Stagecoach announced that its near-term greenhouse gas emission targets have been approved by corporate climate action organisation the Science Based Targets initiative (SBTi). The carbon reduction commitments include a 55.6% reduction in scope 1 & 2 greenhouse gas emissions by 2032, with a 54.6% reduction in scope 3 emissions (compared to FY2019 levels) in line with the latest science on a 1.5°C global warming. Stagecoach has also committed to continue to source 100% renewable energy through to 2032.
Head of Sustainability at Stagecoach Greg Ritt said: “We’re delighted that our near-term commitments to reduce our harmful greenhouse gas emissions have been approved by SBTi as aligning to the latest scientific evidence on climate change. They are proof of our ambitious sustainability plan to protect the planet and to support the prosperity of the local communities that we serve.”
Bringing together 4,200 committed companies across the globe, the SBTi is a collaboration between CDP (formerly the Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). It develops standards, tools and guidance which allow companies to set greenhouse gas emissions reductions targets in line with what is believed to be needed to keep global heating below excessive levels and reach net-zero by 2050.