SBTi is a collaboration between the Carbon Disclosure Project (CDP), the World Resources Institute (WRI), the World Wide Fund for Nature (WWF) and the United Nations Global Compact (UNGC). It encourages companies to set targets for reducing Greenhouse Gas emissions based on scientific data, in order to meet the goals of the Paris Agreement – to limit global warming to well below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.
798 private sector companies have joined the Science Based Targets initiative. Verescence is the first glassmaker for luxury Perfumery and Cosmetics to commit.
Thomas Riou, CEO of Verescence, said, "In accordance with our long-standing commitments to sustainable development, our Group is taking another step forward by joining the Science Based Targets initiative. Verescence is a committed company and wishes to fight against global warming. Our CSR strategy is a vector of motivation and innovation for our employees by giving more perspective to our contribution and our actions."
Alain Thorré, CSR director of Verescence, added, “Following this commitment, we will define targets for reducing our Greenhouse Gas emissions - mainly CO2 - based on the latest scientific data. These targets will then be submitted to the SBTi for validation. This will allow us to complete and validate existing and future objectives with science."