Avery Dennison recently announced that its emissions reduction targets have been approved by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Agreement. The targets covering greenhouse gas emissions from the company's operations (scopes 1 and 2) are in line with reductions required to keep warming to no more than 1.5°C. Meanwhile, the company's target for the emissions from its value chain (scope 3) meets the SBTi's criteria for ambitious value chain goals, meaning it is also aligned with current best practice.
"Setting sustainability goals needs a benchmark by which we all ensure everyone is working together towards a collective goal," said Michael Colarossi, vice president of product line management, innovation, and sustainability, RBIS, Avery Dennison and lead for ESG initiatives for the company. "This acknowledgment by the SBTi gives us confidence that we are setting ambitious scopes 1, 2 and 3 GHG emissions reduction targets, as we join with other global industry leaders to move the needle towards a future of net-zero emissions."
Learn more about Avery Dennison’s environmental, sustainability, and governance efforts at https://esg.averydennison.com.