It's one thing to promise the earth, but when it comes to climate change commitments, it's essential to deliver too.
That's why, in 2021, we joined the Science Based Targets initiative (SBTi) to help us on our journey towards net zero.
Recognising that businesses will play pivotal roles in limiting global warming to 1.5°C or less, the SBTi provides advice on best practices in emission reductions led by the latest developments in climate science.
A team of experts independently assesses companies joining the initiative, and there is a validation process to ensure goals are more than just wishful thinking.
We’ve also joined more than 1,500 companies worldwide who are part of the Business Ambition for 1.5°C campaign. The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
This commitment also makes us part of the largest ever alliance committed to achieving net zero carbon emissions by 2050 at the latest: the Race to Zero. This campaign, part of the United Nations Climate Change Secretariat, was initially focused on gaining global momentum towards a decarbonized economy ahead of COP26 in Glasgow.
Now, with COP27 in Egypt just months away, the thousands of businesses, investors, regions, cities, and educational institutions that make up the Race to Zero are united.
The message to governments is that our commitment to a more resilient and inclusive economy is resolute.
The realisation that bolder action is needed to achieve these aims has led us to accelerate our own targets. We had already committed to achieving net zero by 2040.
But in creating our One Planet strategy it became clear that we should do more.
Now our goal is to reach net zero in scope 1 and 2 emissions by 2030.
As well as cutting a decade off our already ambitious objective, we're aiming for net zero in scope 1, 2, and 3 emissions by 2050.
Critical to success is identifying where we can make the most effective changes, and quickly.
There are four initial areas of our organisation we believe can help accomplish this:
Net Zero Carbon is just one of six initiatives in our One Planet: Engineering with Purpose strategy.
When it comes to safeguarding our planet’s future, time is running out.
At last year’s World Climate Summit, held in Glasgow alongside COP26, Spirax Sarco’s Rachel Pallett (Business Development Director, Steam Specialities) joined the panel Investing in the Clean Energy Innovations of Tomorrow.
Whilst we are becoming more and more aware of the impact of climate change on our environment and its inhabitants, we're also conscious of the effects our business activities have too.