New York State will be the first in the nation to totally change its electric power market to become greener, more efficient and resilient. Gregg C. Sayre, a member of the New York State Public Service Commission, shared this and more at The Energy Times Executive Briefing in Washington on March 19, a new event launched by Penton’s Energy & Buildings division. The event brought utility executives and industry thought leaders together to outline the electric utility revolution. The objective, Sayre said, is “a complete restructuring of the utility distribution market, top to bottom. Nobody has done it before.” “One goal will be to spark widespread deployment and adoption of distributed generation. The state has already identified 100,000 people in the state who are off the grid – a finding that startled regulators,” Sayre added.
Smurfit Kappa has had its emissions reduction targets 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 Smurfit Kappa’s operations (scopes 1 and 2) are consistent with reductions required to keep global warming to well-below 2°C.
The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) which defines and promotes best practice in science-based target setting and independently assesses companies’ targets.
The initiative mobilises companies to set science-based targets in the transition to a low-carbon economy. Emission reduction targets are considered ‘science-based’ when their CO2 reduction targets are in line with what the latest climate science says is needed to meet the goals of the Paris Agreement.
SBTi approval is the latest validation of Smurfit Kappa’s leadership in sustainability in the paper-based packaging sector. In 2020 the company was the first in the industry to announce its target of at least Net Zero fossil emissions by 2050 and also introduced ambitious new sustainability targets under its Better Planet 2050 initiative. Smurfit Kappa was also the first FTSE 100 company to receive 5 stars from “Support the Goals” in recognition of its support of the United Nations’ Sustainable Development Goals, building on the company’s leading performance across third party rating companies such as MSCI, ISS ESG and Sustainalytics.
Tony Smurfit, Group CEO, said: “The SBTi validation builds on our well-established sustainability credentials and is an extremely positive development for Smurfit Kappa and all our stakeholders. The world must move to circular business activities with low carbon emissions. SBTi is further evidence of our ability to deliver on this goal, and for our customers, through our increasingly sustainable operating footprint and packaging solutions.
more at: https://www.smurfitkappa.com/newsroom/2022/smurfit-kappa-receives-sbti-approval-for-carbon-reduction-targets