SPEEDY Hire has had its net zero targets validated by the Science Based Target Initiative (SBTi).
The SBTi is a global body enabling businesses to set ambitious emissions reduction targets, in line with the latest climate science. Speedy Hire revealed its science-based net zero target is focused on prioritising ‘deep decarbonisation’ of direct emissions with only the residual emissions being ‘neutralised’ in line with the SBTi criteria to reach net zero emissions by 2040.
Speedy Hire aims to reach net zero emissions across the value chain by 2040. The company’s near-term target commits Speedy to reduce absolute Scope 1 and 2 GHG (Greenhouse Gas) emissions by 51.6% by 2030 and to reduce absolute Scope 3 GHG emissions by 42% within the same timeframe.
The long-term target also commits Speedy to reduce absolute Scope 1, 2 and 3 GHG emissions by 90% by 2040.
Amelia Woodley, ESG director at Speedy Hire, said, “In July, we published our Net-Zero Roadmap presenting science-based and tangible steps to reach net zero by 2040, 10 years ahead of the government deadline. We are delighted that our ambitions have been approved by SBTi.
“It is critical that we accelerate the delivery of sustainability this decade and Speedy Hire continues to invest and innovate to enable the necessary rapid change to reduce emissions in the hire sector.”
