South Pole Announced New Validated Emissions Reduction Targets

South Pole Announced New Validated Emissions Reduction Targets - Carbon Herald

South Pole – the leading carbon removal and emission reduction project developer, announced it has new global greenhouse gas (GHG) emissions targets, validated by the Science Based Targets initiative (SBTi)

The company’s long-term goal to reduce Scope 1 to 3 emissions to net zero by 2040 has been validated along with its near-term targets. South Pole had its original climate targets approved back in 2021, however due to company growth, it has improved its ambitions. 

Relevant: South Pole Faces Accusations Due To Exaggerated Carbon Offsets Claims – Bloomberg

South Pole will prioritize direct emissions reductions, and ensure that all residual emissions will be neutralized in line with the SBTi criteria before reaching net zero emissions. The near-term targets are:

  • reducing absolute scope 1 and 2 GHG emissions by 72% by 2030 from a 2019 base year.
  • reducing scope 3 GHG emissions from air-related business travel by 91.5% per FTE by 2030 from a 2019 base year.
  • reducing all other absolute scope 3 GHG emissions from business travel by 27.5% by 2030 from a 2019 base year.

The long-term target is to reduce absolute scope 1, 2, and 3 greenhouse gas emissions by 90% by 2040 from a 2019 base year. 

SBTi is an initiative driven by CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). It defines and promotes best practice in target setting aligned with the latest climate science and independently assesses companies’ targets, having worked with more than 4,000 businesses around the world. 

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“The SBTi is truly the marker of best practice in the realm of setting credible, science-based emission reductions targets. We are delighted to have had our targets validated and can now continue the critical work of reducing our emissions in a structured and ambitious way. South Pole will prioritize direct emission reductions, and ensure that all residual emissions will be neutralized in line with the SBTi criteria before reaching net zero emissions. This is another big step on our own net zero journey, and one we’re very proud of,” commented João Sargedas, Senior Manager, Sustainability, Compliance and Risk at South Pole.

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