The Science Based Targets initiative (SBTi) is a project of international experts comprising the World Wildlife Fund (WWF), the United Nations Global Compact, the Carbon Disclosure Project (CDP), and the World Resources Institute (WRI). The initiative aims to encourage companies to set GHG reduction targets that are in line with scientific recommendations. The reduction targets selected are then assessed scientifically and validated by the SBTi.
Rexel joined this initiative in order to align its goals with those of the Paris Agreement, i.e. to limit the rise in the average global temperature to 2°C. An application was sent to the SBTi along with reduction goals for Scopes 1, 2, and 3 and follow-up methods.
In 2018, the Group organized two workshops with its internal and external stakeholders. Suppliers, customers, experts, and employees were invited to work together to develop action plans to enable the Group to reach its ambitious goals.