We are excited to share that Charles Taylor has officially received approval from the Science Based Targets initiative (SBTi) for our ambitious Near-Term and Net-Zero targets! This significant achievement reflects our unwavering commitment to sustainability and our proactive approach to addressing climate change across our operations.

Our Approved Targets:

• Overall Net-Zero Target: Charles Taylor commits to reaching net-zero greenhouse gas emissions across our entire value chain by 2050. This long-term vision is integral to our strategy as we work towards a sustainable future.

• Near-Term Targets:
  • We are committed to reducing our absolute Scope 1 greenhouse gas emissions by 63% by 2034, using 2019 as our base year. This reduction will significantly lower our direct emissions and enhance our operational efficiency.
  • Our commitment to reducing absolute Scope 2 GHG emissions is even more ambitious, with a target of 97.7% reduction by 2034 from the same 2019 base year. This will be achieved through energy efficiency measures and a transition to renewable energy sources.
  • We are also proud to announce our goal to increase our active annual sourcing of renewable electricity from 26.9% in 2019 to 100% by 2030. This transition is crucial for powering our operations sustainably.
  • Additionally, we aim to reduce our absolute Scope 3 GHG emissions by 58.8% by 2034, using 2023 as our base year. This target reflects our commitment to engaging with our supply chain and stakeholders to drive emissions reductions throughout our value chain.

• Long-Term Targets:
  • By 2050, we are committed to reducing our absolute Scope 1 and 2 emissions by 90% from a 2019 base year. This ambitious target will require innovative solutions and a steadfast commitment to sustainability.
  • Furthermore, we aim to achieve a 90% reduction in absolute Scope 3 GHG emissions by 2050, using 2023 as our base year, ensuring that our entire value chain is aligned with our climate goals.

At Charles Taylor, we believe transparency and accountability are essential in our journey towards sustainability. We are dedicated to informing our stakeholders about our progress and initiatives as we work towards these critical targets.

Join us on this journey! Together, we can make a meaningful impact in the fight against climate change.