Written by Ericsson
Having met and surpassed its first science-based 1.5°C-aligned Paris Agreement greenhouse gas emission reduction targets, Ericsson’s (NASDAQ: ERIC) second round of climate action targets toward Net Zero have been approved by the Science Based Targets initiative (SBTi).
Ericsson has committed to reducing emissions across the company value chain by 90 percent by the end of 2040 - from 2020 levels. The company is also committed to neutralizing the remaining 10 percent with approved carbon removals.
SBTi, a UN-backed global body that independently assesses companies’ emission reduction commitments and targets in line with the latest climate science, conducted a rigorous assessment of Ericsson’s targets against company initiatives, actions and emission data.
Ericsson was among the first large companies in the world to embrace and set climate action targets in line with stringent criteria set by organizations such as the SBTi.
Ericsson’s second round targets have now been approved by the SBTi, including the company’s 2040 Net Zero target announced in 2021.