Climate

The Flag project – Setting science based targets on forest, land and agriculture

WWF leads the science Based Target Initiative project on forest, land and agriculture (FLAG), where focus will be on the development of greenhouse gas accounting and target setting tools focused on land intensive sectors, such as forest, land and agriculture.

To date, there are no similar standards or tools allowing businesses to measure emissions from land intensive sectors, and developing these is key in order to reduce emissions in line with climate science and meet the Paris Agreement goal of limiting global temperature rise to 1.5°C.

IKEA is supporting the project both financially and by participating in stakeholder groups to support with expertise and give input to the development. The project is expected to be completed by 2022.

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Develop a corporate climate leadership framework – Beyond-Net-Zero

WWF and IKEA are working together with other companies on the development of a credible, global approach for what it means to become a climate leading business. Together IKEA, WWF and others have taken the first steps to develop a framework – called Beyond Net-Zero -, aiming to provide clear actions aligned with best practices for corporate climate leadership. The guidance is meant for companies striving to contribute to the global transition towards net-zero.

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Climate policy and advocacy

The aim with our joint efforts within climate advocacy is to raise ambition at a country level by putting pressure on governments to set ambitious policies that favour climate-resilient, low-carbon development, energy efficiency, and clean renewable energy for all.

Science Based Target initiative – a transition to a low-carbon economy

The Sciences Based Target initiative’s (SBTi) aim is that science based target setting will become standard business practice and corporations will play a major role in driving down global greenhouse gas emissions. Embedding science-based targets as a fundamental component of sustainability management practices is crucial in achieving this.

The initiative mobilises companies to set science-based targets and boost their competitive advantage in the transition to the low-carbon economy. It also defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets. WWF is a founding partner of the Science Based Target initiative, a coalition established in 2015 by CDP, the United Nations Global Compact, World Resources Institute and WWF.

In 2018 IKEA’s targets on greenhouse gas emission reduction was approved by the Science Based Targets initiative.

IKEA’s science based target include:

• To reduce absolute greenhouse gas emissions across the IKEA value chain by at least 15% by 2030 compared to 2016.
• To reduce scope 1* and scope 2* greenhouse gas emissions by 80% by FY2030, compared to 2016.
• To reduce absolute scope 3* greenhouse gas emissions from production at direct home furnishing, food, component and catalogue suppliers 80% by 2030, compared to 2016.
• To reduce scope 3 GHG emissions 50% per person for customer and co-worker travel and home deliveries by2030, compared to 2016.

 

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*Scope 1: Direct emissions from owned or controlled sources.
*Scope 2: Indirect emissions, such as purchased electricity, steam, heating and cooling consumed.
*Scope 3: All other indirect emissions that occur in a company’s value chain.

WWF Climate Business Network

The Climate Business Network is WWF’s global platform to support business to align with a 1.5°C world and achieve net-zero emissions by 2050. It provides companies with an opportunity to engage with other business leaders and WWF experts to gain the knowledge and guidance needed to take credible, ambitious climate action and fully grasp the benefits this offers for their business.

Climate Business Network members that meet exacting criteria for climate action will be named as Climate Savers. These companies will have demonstrated leadership by setting and acting on climate targets aligned with a 1.5°C future and advocating for ambitious climate policies.

To qualify for the Climate Savers tier, companies need to:

• Have a 1.5°C-aligned target approved by the Science Based Targets initiative (SBTi).
• Publicly disclose their climate targets and progress toward those targets, preferably with disclosures verified by a third party.
• Be strong public advocates of ambitious climate actions and policies that enable the transition towards a low-carbon economy.

 

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