Net Zero Week 2021 has presented the perfect opportunity to talk about our involvement with the Science Based Targets initiative (SBTi) and Race to Zero. But what are they, and why are they important?
The SBTi provides a clearly-defined pathway for companies to reduce greenhouse gas (GHG) emissions. Targets are set and are only considered 'science-based' if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement.
Race to Zero is a global movement led by the United Nations Framework Convention on Climate Change (UNFCCC). The campaign aims to bring together leadership and support from businesses, cities, regions and investors in the run up to the United Nations Climate Change Conference (COP26) in November 2021. By joining Race to Zero, all members commit to doing their part towards a common goal: halving emissions by 2030 and achieving net zero emissions by or before 2050.
In order to become a partner, a member must demonstrate their climate leadership by publicly adopting these science-based emissions reduction targets.
Greenhouse gases are categorised into three scopes explained below:
Scope 1 – Direct Emissions. These come from sources or activities that are owned or controlled by an organisation. For example manufacturing processes, company vehicles and gas boilers.
Scope 2 – Indirect Emissions (from purchased energy). Examples of this include the electricity, steam, heating and cooling used within a company.
Scope 3 – All Other Indirect Emissions. Often referred to as value chain emissions. These are wider activities that occur as a result of sources that the company does not own or control. Plane travel and shipping goods would fall under Scope 3.
Switch Mobility have committed to reducing Scope 1 and 2 CO2 emissions by 50% by 2030, and measuring/reducing Scope 3. But they are also going one step further. They joined the cause earlier this year, not only as a fully electric vehicle company, but as a net zero company. This means emissions are balanced with removal of carbon from the atmosphere – what goes in, must be removed.
With electric mobility shifting into the fast lane, Switch is focusing on building cleaner, smarter, better cities, and providing the commercial and public transportation sectors with intelligent and affordable electric solutions. Alongside this mission, Switch aims to support the UK, where it is headquartered, in its transition to electric by 2030. The growing business will also see the protection and creation of industry jobs in the process.