Bobst has joined the Science-Based Targets Initiative, a partnership between the CDP (Carbon Disclosure Project), the United Nations Global Compact (UNGC), World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) that enables businesses to set ambitious emissions reductions targets in line with the latest climate science.
For Bobst, it is the next step on a journey toward greater sustainability, which the company has established as one of the four core pillars of its strategy and vision of the packaging industry, along with automation, digitalization, and connectivity.
Having joined the initiative, Bobst is now in the process of formalizing the company’s targets to align with the SBTi definitions and criteria and expects them to be approved next year.
More than 4,000 companies are working with the SBTi to reduce their emissions in line with climate science. Signatories are required to set ambitious carbon reduction targets, which are independently assessed and verified, and align with the newest science and recommendations from the Intergovernmental Panel on Climate Change (IPCC). Companies must also disclose results on a yearly basis.
Of note, the carbon emissions generated by Bobst production sites represent only a fraction of its overall carbon footprint. Around 90 percent of greenhouse gas emissions associated with Bobst activities occur downstream in the value chain, through the use of sold products. This highlights the need to work collaboratively and for Bobst to play a key role in the design, maintenance and operation of its machines to lower their environmental impact during their lifetime, jointly with customers.