News: Stretchline Holdings Commits to GHG Emissions Reductions Through SBTi Process

News: Stretchline Holdings Commits to GHG Emissions Reductions Through SBTi Process

To demonstrate our commitment to sustainability leadership and contribution to global climate action, we have joined the Science Based Targets Initiative (“SBTi”). We have set science-based targets to achieve near-term greenhouse gas (“GHG”) reductions across all our operations located in the Sri Lanka, China, Indonesia, Mexico and Honduras.

About SBTi

SBTi helps companies to set emission reduction targets in line with climate science and Paris Agreement goals. It promotes best practice in science-based target setting and independently assesses companies’ targets. To accelerate corporate climate action, SBTi is focused on significant reductions in global emissions before 2030 and achieving net-zero emissions before 2050.

Our Targets

We have set the following specific GHG reduction targets:

• Reduce direct emissions under operational control, Scope 1 GHG emissions, and indirect emissions from purchased energy, Scope 2 GHG emissions, by 37.8% by 2030 from a 2021 base year. These reductions are in line with a scenario which limits global temperature increases to 1.5°C, compared to pre-industrial levels.

• Reduce all other indirect emissions within Stretchline’s value chain, Scope 3 GHG emissions by 25% by 2030 from a 2022 base year. Scope 3 GHG reductions align with a scenario which limits global temperature increases to well-below 2°C, compared to pre-industrial levels.

Our Commitment

To achieve these goals, we will invest in solar power projects across the globe and practice operational excellence by technological advancements. Our sustainability strategies will be prioritised to GHG emissions reduction.

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