SBTi Reaches 100 Approved Targets, Includes McDonald’s
McDonald’s is one of the first 100 companies, and the very first restaurant company, taking the lead to address climate change through an approved science-based target. The Science Based Targets initiative (SBTi), a coalition of NGOs that independently assesses and approves companies’ targets to reduce greenhouse gas emissions, announced on April 17 they reached the milestone of more than 100 company targets, signaling the growing momentum on ambitious corporate climate action.
While more than 350 companies have made a formal commitment to SBTi to eventually have a science-based target, McDonald’s is one of the first 100 to have an approved target in place.
“McDonald’s is strengthening a growing movement working toward scaling up solutions to our planet’s climate crisis,” Alexander Liedke, Manager of Sustainable Business & Markets at WWF and member of the SBTi steering committee said in an earlier blog post.
Under McDonald’s science-based target, announced March 20, the company pledged to partner with franchisees and suppliers to reduce greenhouse gas emissions related to McDonald’s restaurants and offices by 36% by 2030 from a 2015 base year. Additionally, McDonald’s committed to a 31% reduction in emissions intensity (per metric ton of food and packaging) across its supply chain by 2030 from 2015 levels.
The target, Liedke continued, “will lay out a clear roadmap for action, providing the company with a competitive advantage in the transition to the low-carbon economy and helping to ensure the company does its fair share of the climate action we need if we are to … keep global temperature rise below two degrees Celsius.”
At McDonald’s we hope that other companies join us, and the over 100 other companies who have an approved Science Based Target, to take this step to commit to reducing greenhouse gas emissions. Want to see what other companies have set targets? See SBTi’s new map here.