Manni Group has taken on quite a challenge and is now striving to achieve a 40% reduction in its direct emissions and energy consumption by 2028, as well as an 18% and 20% reduction respectively in the transport and production of materials supplied by suppliers. In July 2020, SBTi approved Manni Group`s ambitious new targets and confirmed that they are in line with the Paris Agreement in the “significantly below 2°C” category. We need a race to the top, led by pioneering companies. This will allow colleagues, suppliers and customers to follow this example and inspire governments to take bolder action. Financial institutions are the essential link to enable the kind of system-wide change we need. By lending and investing, they have the power to redirect capital to the sustainable technologies and solutions of the future and to the companies that do the most to prepare for a net-zero emissions economy. With the financial resources they have made available, financial institutions can influence companies to reduce their greenhouse gas emissions, even without direct control of these reductions. Mercedes-Benz AG has set itself the ambitious goal of reducing greenhouse gas emissions from the new car fleet by more than 40% compared to 2018 by 2030 (part 3). Nearly 200 companies have already set themselves targets of 1.5°C – verified by SBTi – for their direct activities. These include the global leader in food packaging and processing, Tetra Pak, which is one of the newest companies aligning its scientifically sound goals (initially set in 2017) with SBTi`s highest level of ambition. The SBTi framework is updated annually with our growing understanding of how financial institutions can reduce emissions in the real economy.
Our goal is to learn and improve over time, while recognizing that while there is no perfect solution, financial institutions must immediately move in the right direction. If you have any questions or would like to speak to a team member, please contact us. These companies are pioneers. However, we need every company, in every industry, to reach them. The future of our planet depends on it. .