COWI's science-based targets have been approved

2024.02.19

The Science Based Targets initiative (SBTi) has approved COWI’s carbon-emission reduction targets. With this important mark, COWI joins a club of more than 5,000 companies who have aligned their goals with the latest climate science and with the Paris Agreement.

In the validation letter, the Science Based Targets initiative commends COWI's “ambitious net-zero target, currently the most ambitious designation available through the SBTi process.”

A landmark to be proud of, says Natalie Shaverdian Riise-Knudsen, COWI's Group CFO:

“We should all celebrate this important milestone we have achieved together, and I would like to thank everybody who has contributed. Delivering on these targets is what COWI must do to contribute to shaping a more sustainable world.”

She adds:

“Now, the hard work continues. We have our targets, now we need to reach them. It will take courage and sacrifice, but there is no other way. And I’m confident we can achieve them by joining forces across COWI and with our suppliers. It is important for our customers, our business and our employees, and it is crucial for shaping a healthier planet for future generations.”

COWI has committed to reducing its direct greenhouse gas emissions (Scope 1) by 42%, its indirect emissions (Scope 2) by 42% and its indirect emissions (Scope 3) by 25% in 2030, compared to emissions in 2022, and to become net zero by 2050.

In COWI, Scope 1 emissions derive mainly from company cars, while Scope 2 emissions come from, e.g., district heating and electricity. Scope 3 emissions come from the value chain, such as business travel and procurement of goods and services, including use of consultants.