Climate Services can help you define your 2050 GHG CO2 emissions reduction targets to maintain your organization's competitiveness.
Setting CO2 reduction targets is a key step in planning greenhouse gas (GHG) emission reduction measures for a company or organization. It involves setting quantifiable targets in terms of CO2 emissions reduction, with the aim of reducing your organization's carbon footprint and contributing to the fight against global warming. It's also essential to understand the impact of future changes on your business, so you can adapt your development accordingly.
Setting CO2 reduction targets is important for several reasons:
- Establish a clear direction for the company or organization in terms of reducing GHG emissions and put in place concrete actions to achieve those goals.
- Raise awareness among the company's or organization's stakeholders about the challenges of climate change and mobilize all employees around these CO2 targets.
- Strengthen the company's reputation for sustainable development and environmental commitment, which can benefit both customer loyalty and the company's attractiveness to responsible investors.
How do you set your CO2 objectives?
Climate Services can help your organisation define its CO2 objectives in the following ways:
- Quantifying short-term and long-term CO2 objectives according to the chosen calculation model
- Submission for validation
The CO2 targets for reducing GHG emissions in Switzerland are set at (compared to 1990 values):
- between 2031 and 2040: average CO2 reduction of at least 64% CO2 on average
- until 2040: CO2 reduction at least 75% CO2
- between 2041 and 2050: average CO2 reduction at least 89% CO2 on average.
(Art. 3 para. 3: Federal Act on Climate Protection Objectives, Innovation and Energy Security Enhancement LCI)
In January 2021, the Federal Council also adopted the objective of achieving net-zero emissions by 2050 (Art. 5 LCI). This strategy should enable Switzerland to contribute to keeping global warming below 1.5°C, as advocated by the Paris Agreement. Emissions that are unavoidable will have to be offset by sequestering CO2 of an equivalent volume.
The most common models are those proposed by the SBT initiative with either a branch solution or a linear reduction of emissions. These CO2 objectives can be submitted for validation. The management of this validation process can be done by the principal or Climate Services.