S U STA I N A B LE SO CIETY
Climate goals according to Science Based Targets Science Based Targets is a method to enable companies to align scientifically based climate goals with the Paris Agreement. The company needs to inventory its emissions throughout its entire value chain, and the target is often linked to investments where economy, feasibility and other effects are carefully investigated. More and more companies are setting climate goals according to Science Based Targets. This means that they are undertaking to implement the necessary measures to ensure that the rise in temperatures will not exceed 1.5°C. This is an initiative by CDP, UN Global Compact, WRI and WWF. The scientific data is produced by the IPCC and the IEA, among others. T H E ST E PS F OR SET T I NG CL I M AT E G OA L S
The process starts with the company submitting a letter of intent, in which they commit to developing a climate target within two years. Once the climate target has been submitted, it is reviewed by the organisation behind Science Based Targets on the basis of the requirements that have been stipulated.
The target includes direct emissions (scope 1) and indirect emissions from purchased energy (scope 2). Emissions in the rest of the value chain (scope 3) must be carefully mapped, and if these emissions are greater than 40% of total emissions, a climate target must be developed for them as well. IVL works with this issue for companies in various parts of the business sector, such as real estate and manufacturing industry (automotive, forestry, agriculture, etc.). W E H E L P YOU T O :
• Develop climate goals according to the Science Based Targets method for various areas. • Understand the underlying structures within Science Based Targets and how this can be linked e.g. to global indices and the evaluation of the companies’ environmental and sustainability work. • Calculate emissions throughout the value chain: scope 1, scope 2 and the various categories in scope 3.
Traceability of materials IVL will help your company with systems regarding the traceability of materials and value chains. There can also be wide-ranging collaboration across the value chain or in the sector. Traceability can be developed on the basis of e.g. certification systems, mass balance accounting and blockchain. We will help you build up systems for traceability in the sector, as well as combining our expertise in value chains and industrial life cycle assessments with digitalisation and business model expertise.
ANNUAL REPORT 2020
W E H E L P YOU W IT H :
• Building up traceability and support systems in the processes that need to be built • Building information about origins, use of resources and carbon footprint
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