January 23, 2024 – Simon-Kucher announces the successful validation of its greenhouse gas emission reduction targets by the Science Based Targets initiative (SBTi). This achievement aligns Simon-Kucher with a distinguished group of over 2,000 global organizations committed to a net-zero future.
SBTi, a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), enables organizations to set ambitious emissions reduction targets based on the latest climate science. By aligning with SBTi, Simon-Kucher ensures that its emission reduction targets are firmly grounded in the latest climate science, forming a robust foundation for a sustainable and responsible business model.
Simon-Kucher's science-based emissions reduction targets, approved by SBTi, include a net-zero target validated for achievement by 2050. Near-term goals involve a 42 percent reduction in scope 1 and 2 GHG emissions by 2030, and a 25 percent reduction in scope 3 emissions. Long-term targets aim for a 90 percent reduction in all GHG emissions by 2050.
Anne Rupp, Global Head of ESG at Simon-Kucher, emphasized the firm's commitment to sustainable development goals, stating, "At Simon-Kucher, we believe in the power of businesses to drive positive change. Our commitment to science-based emission reduction targets reflects our acknowledgment of the urgent need for environmental responsibility. By aligning with SBTi, we contribute to a global movement striving for a sustainable and resilient future.”
Simon-Kucher's sustainability commitments are publicly accessible on the SBTi website, demonstrating transparency and accountability in their sustainability efforts.