Navigator’s targets to reduce emissions by 2035 approved by SBTi

The Navigator Company received approval for its targets to reduce greenhouse gas (GHG) emissions from the Science Based Targets Initiative (SBTi), an internationally recognised global organisation that assesses corporate initiatives working towards a low carbon economy.

SBTi praised the “ambitious targets” proposed by the company earlier this year shortly after it joined, and underlined Navigator’s contribution to achieving the goals set out in the Paris Agreement not to exceed a 1.5°C temperature increase, currently the most ambitious designation as part of the approval process of this organisation.

By taking an active role in seeking solutions to the climate challenge, Navigator has committed to reducing greenhouse gas emissions of scopes 1 and 2 (referring to emissions released into the atmosphere as a direct result of its operations, as well as indirect emissions from electricity acquired for the company’s use) by 63% by 2035, compared with 2020.

The Navigator Company is also committed to cutting scope 3 emissions (which occur in the value chain) by 37.5%, an important step in combating climate change, in line with limiting temperature increases to well below 2°C.

The Company is pleased to see its climate science-based targets endorsed, which were considered by SBTi to be a “key element” on the journey towards net-zero decarbonisation, as called for in the Intergovernmental Panel on Climate Change (IPCC) report with a view to achieving net-zero emissions by the middle of the century.
more at: http://en.thenavigatorcompany.com/var/ezdemo_site/storage/original/application/4bde819ba21ac86cddb0e284c5310a53.pdf