Spectre officially commit to set net-zero Science Based Target

Spectre has officially committed to setting a net-zero Science-Based Target (SBT) in a significant environmental sustainability milestone. This commitment solidifies our dedication to combatting climate change and aligns with our long-term strategic vision.

Committing to net-zero – step by step

In 2023, Spectre took the first step by committing to near-term SBTs. Now, we’re taking it a step further. Spectre has formally pledged to achieve net zero GHG emissions across our entire value chain.

But what does “net zero” really mean?
This signifies that the total emissions produced by our activities throughout the value chain are reduced by at least 90%, and the remaining emissions are balanced by an equivalent amount removed from the atmosphere or offset through other means.

The roadmap ahead

Our next move is to develop both near-term and net-zero targets and submit them for validation to the Science-Based Targets Initiative (SBTi) in the first half of 2024. Having clear targets is our guide, but decisive action will lead us toward success.

Recognizing the complexity of our impact, we acknowledge that approximately 90% of emissions occur beyond our direct operations. These emissions mostly derive from material production and logistics upstream and distribution and end-of-life processes downstream. To achieve our net-zero goal, we therefore rely on strong partnerships:

We’ll collaborate closely with our customers, encouraging responsible choices and sustainable practices.

Our suppliers play a crucial role in our journey. We’ll work hand in hand to find more sustainable alternatives throughout the supply chain.

Collective efforts are essential. We’ll engage with industry associations to drive systemic change.

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