Qisda Target has been validated by the SBTi, Aiming to Keep Global Warming Below 1.5°C
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Qisda Target has been validated by the SBTi, Aiming to Keep Global Warming Below 1.5°C
March 01,2024
Qisda's ESG action
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Qisda announced that it has been validated by the Science Based Targets initiative (SBTi), an international authority on climate change. Using financial accounting as the organizational boundaries, the company actively proposed carbon reduction goals, aligning with the United Nations Climate Summit's Paris Agreement to limit global average temperature rise to 1.5°C.
Qisda commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2021 base year. Qisda Corporation also commits to reduce absolute scope 3 GHG emissions 25% within the same timeframe.
Qisda's main emissions sources in its operations come from Scope 2 purchased electricity usage, accounting for about 90% of Scope 1 and Scope 2 emissions. To achieve its carbon reduction goals, Qisda joined RE100 in December 2022 and actively promotes the establishment solar renewable energy and energy storage systems in various manufacturing sites. This involves upgrading old equipment, implementing energy-saving measures, procuring renewable energy, and reducing fossil fuel usage to initiate carbon reduction actions.
Regarding Scope 3 emissions sources, which mainly include purchased goods and services, and use of sold products, Qisda has established sustainable supply chain management. It assists suppliers in conducting carbon footprint assessments, aiming to comprehensively reduce the carbon footprint of the supply chain. At the product level, Qisda is committed to implementing green design, creating low-carbon products to further reduce energy consumption and minimize material usage, thus achieving comprehensive carbon reduction goals.
The SBTi is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.