The leading corporate climate action organization Science Based Targets initiative (SBTi) today announced that is has validated Pandora’s target to become a net-zero business by 2040. This validation marks a significant milestone in Pandora’s sustainability journey. It affirms the company’s ambition to decarbonize at the pace and scale required to align with the Paris Agreement’s goal of limiting global temperature rise to 1.5°C.
To reach net-zero, a company must cut emissions by at least 90% across its full value chain and use permanent carbon removal to balance out any residual emissions. The verification follows SBTi’s validation in 2021 of Pandora’s target to halve greenhouse gas emissions across its own operations and entire value chain by 2030.
“Climate change is a major source of global instability and there is an urgent need for action. By aligning our net-zero target with the SBTi, we confirm our commitment to reduce our carbon footprint significantly and help build a sustainable future. We encourage partners and peers to join us in making this reality,” said Mads Twomey-Madsen, Senior Vice President, Global Communications and Sustainability at Pandora.
“Climate science tells us that we need rapid and deep emissions cuts if we are to achieve global net-zero and prevent the most damaging effects of climate change,” said Luiz Amaral, Chief Executive Officer of the Science Based Targets initiative. “Pandora’s net-zero targets match the urgency of the climate crisis and set a clear example that their peers must follow.”
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