Retal’s near-term Science Based Targets for greenhouse gas emissions reduction have been validated by the Science Based Targets initiative (SBTi).
Emission reduction targets are considered science-based if they are in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement – to limit global warming to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C. More than 4,000 businesses around the world are already working with the Science Based Targets initiative.
As stated in the certificate issued by SBTi and posted on the company’s website: “Retal commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2020 base year. Retal also commits that 93.9% of its suppliers by emissions covering purchased goods and services will have science-based targets by 2027.”
Retal Sustainability Director Emmanuel Duffaut said: “This is a key development for a large manufacturer, and we will endeavour to reach these targets by implementing concrete actions to reduce our direct and indirect GHG emissions. It’s another great step forward in our management of climate change, alongside our commitment to set net-zero targets. Having our targets approved by SBTi shows we’re first in line in our industry.”
Retal will continue to update its progress on its sustainability journey.
Headquartered in Limassol, Cyprus, Retal develops and manufactures high quality plastic packaging solutions, including preforms, closures, containers and films. The company operates 13 production sites in nine countries Strongly focused on quality and flexibility, Retal is ISO 9001, ISO 14001, ISO 22000 and BRC accredited.