Minneapolis, 17 June, 2021: CWT, the Business-to-Business-for-Employees (B2B4E) travel management platform, announces its commitment to significantly reduce its environmental footprint by signing the Science Based Targets Call to Action Standard Commitment Letter.
Science Based Targets are greenhouse gas emissions reduction targets that are consistent with the level of decarbonization that, according to climate science, is required to keep global temperature increase within 1.5ºC to 2ºC, compared to pre-industrial temperature levels.
“I am delighted to share that, as part of our commitment to defining bold actions to go further against climate change, we are working on building a robust program based on climate science, by setting Science Based Targets (SBTs),” said Françoise Grumberg, CWT’s VP, Global Responsible Business and Diversity & Inclusion. “We will be collaborating closely with our entire value chain on how to support each other in reaching our climate targets, further contribute to the UN’s Sustainable Development Goals, and work towards transitioning to a low-carbon economy.”
Notes to Editors:
1. CWT is a Business-to-Business-for-Employees (B2B4E) travel management platform. Companies and governments rely on us to keep their people connected – anywhere, anytime, anyhow – and, across six continents, we provide their employees with innovative technology and an efficient, safe and secure travel experience.
We have a long-standing commitment to Responsible Business as a signatory of the United Nations Global Compact since 2012; being assessed as a top performer for our Responsible Business strategy by Ecovadis since 2017; and attaiing the UN Global Compact Advanced Level for our Annual Responsible Business Report.
2. Science Based Targets, a joint initiative by the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI) and World Wildlife Fund for Nature (WWF), identifies and promotes innovative approaches to setting ambitious and meaningful corporate GHG reduction targets.
Targets adopted by companies to reduce greenhouse gas emissions are considered “science-based” if they are in line with the level of decarbonization required to keep global temperature increase below 2 degrees Celsius compared to pre-industrial temperatures, as described in the Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC AR5).