First African company announces Science-based greenhouse gas target
Emira Property Fund has become the first African and South African company to have a greenhouse gas emissions target approved by the Science Based Targets Initiative (SBTi).
The Initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature (WWF) which mobilises companies to set science-based targets and boost their competitive advantage in the transition to the low-carbon economy.
In a statement, WWF South Africa said Emira’s science-based target provided a clear road map in the line with the ambition of the Paris climate agreement to keep global warming below 2 degrees.
It sets out how much and how quickly the company will reduce its greenhouse gas emissions. Emira has committed to reduce absolute scope 1 and 2 greenhouse gas emissions 13% by 2022, from a 2015 base year.