TI Fluid Systems has finalised a letter of commitment to the Science Based Targets Initiative (SBTi), marking a significant step for our business.  The letter, which has been sent to the body for validation, sets out the internal targets we have set for the business.

In setting ourselves a target to reduce our Scope 1 & 2 emissions by 50% in the coming years and our Scope 3 emissions by 30% by 2030, we are demonstrating our commitment to a future built on greater sustainability.

SBTi is a global body that empowers businesses to set ambitious emissions reduction targets in line with the latest climate science. Its short-term goal is to accelerate a 50% reduction in the emissions of businesses globally before 2030, before achieving net-zero emissions by 2050.

The SBTi Commitment is a collaborative initiative between the United Nations (UN) Global Compact, CDP,  the World Resources Institute, the World Wide Fund for Nature, and the We Mean Business Coalition. Its purpose is to define and promote the best practice in science-based target setting, as well as to offer resources and guidance to reduce barriers to adopting these targets, and independently assess and approve the targets set.

This is the latest of many sustainability measures that we have taken in recent years. For example, we have opened three state-of-the-art e-Mobility Innovation Centers in Germany, Japan and South Korea over the last 15 months to help our customers navigate the transition to electric vehicles. We have also worked with the CDP to disclose our environmental data, and have committed to participating in the UN Global Compact.

It is essential that we take tangible steps toward a sustainable future for our business, our employees, their families and our customers. The Intergovernmental Panel on Climate Change’s latest forecasts indicate that limiting the global temperature to 1.5°C is still a possibility, although we are moving dangerously close to the threshold. Urgent action must therefore be taken by businesses all over the world.

For more information on the SBTi, go to www.sciencebasedtargets.org.