Kindred Group Aligns Energy Targets with Paris Agreement

Kindred Group has aligned its energy targets with the Paris Agreement’s goal of limiting temperature rise to below 2°C and has the ambition to limit it further to below 1.5°C.

Targets adopted by companies to reduce greenhouse gas (GHG) emissions are considered science-based if they are in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement.

By 2023, Kindred aims to reduce 85% of absolute scope 1 and 2 emissions (market-based) from a 2018 base year, by purchasing certificates of origin. They also aim to reduce 30% of business travel by 2023, also from a 2018 base year. This is considered to be science-based targets in line with IPCC 1.5°C and IPCC 2°C ambition levels.

“We know that businesses have an important role to play in fighting climate change and we are committed to doing our bit for the planet. Our science-based carbon-reduction targets focus on cutting carbon emissions across our data centres, offices and business travel activities. They are also linked to our 2023 ambition to procure 100 per cent of our electricity from renewable sources of energy where we can,” Henrik Tjärnström, CEO of Kindred Group, said.