CAP Group aligns itself with the Science Based Target initiative and is committed to curtailing greenhouse gas emissions by adopting a strategy informed by the latest scientific findings. The objective is to reduce absolute greenhouse gas emissions, i.e., direct emissions and emissions related to the consumption of electricity, steam or heat (Scope 1 and 2) by 42% by 2030, relative to the 2021 baseline. In addition, CAP Group aims to reduce indirect emissions across its value chain (Scope 3) by 25%, i.e., emissions related to purchased goods and services, fuel and energy activities, operational waste and the use of products sold within the same timeframe.
The Science Based Target initiative (SBTi) was launched in 2015 through a collaboration among CDP (Carbon Disclosure Project), the UN Global Compact, the World Resources Institute (WRI) and WWF with the primary aim to support companies globally in halving their emissions by 2030 and achieve net-zero emissions by 2050. SBTi promotes the adoption of best practices in order to establish targets grounded in scientific evidence, aligning with the 2015 Paris Agreement's goal of limiting global warming to 1.5°C.
Membership in the SBTi involves a five-step process that begins with the company's declaration of commitment to achieving specific targets, followed by the delineation of targets to be achieved, the evaluation and approval of these targets by SBTi, the sharing of the strategic roadmap to pursue them with all stakeholders, and the annual monitoring of the results achieved. SBTi has approved the targets set by CAP according to its validation protocol and will monitor the progress made year by year.