Another milestone has been reached in Kährs climate work as the company has now submitted its carbon dioxide emission reductions target to SBTi for validation. The target is proposed for Kährs’ near-term company-wide emission reductions in line with climate science with the SBTi including FLAG removals and emissions (Forest, Land & Agriculture).
To keep 1.5°C within reach, tackle food crisis and biodiversity risks and enable the transformation to a global net-zero future, cutting land related emissions is of high importance together with the reductions connected to the operations of companies.
“Being a flooring company with its core in wood flooring, Kährs is dependent on a sustainable forest sector and we are very pleased to see that the work to account for the land-based emissions or removals has now been facilitated. The SBTi’s FLAG Guidance has provided valuable understanding for how to set our target and support in the development of our carbon reductions plan,” says Therese German, Sustainability Manager at Kährs.
Kährs made a public commitment to set near-term company-wide emission reductions in line with climate science, with the Science Based Target initiative (SBTi) Net-Zero standard, in 2021. The near-term / net-zero target including FLAG has now been submitted to SBTi for validation and when approved it will be made public at https://sciencebasedtargets.org/companies-taking-action and at kahrsgroup.com.
About SBTi FLAG
The world’s Forest, Land and Agriculture (FLAG) sector are one of the industries at highest risk from the impact of climate change. But it is also a significant source of emissions. It represents nearly a quarter of global greenhouse gas (GHG) emissions - the largest emitting sector after energy, but it also has the potential to absorb a significant amount of existing emissions from the atmosphere. To address this gap in emission accounting and reduction, the Science Based Target initiative (SBTi) introduced new FLAG guidance in April 2023 that requires SBTi committed companies to account for their FLAG emissions and provide pathways for decarbonization in line with the 1.5 degrees Celsius scenario.
GHG accounting criteria and recommendations on FLAG emissions have been historically poorly addressed and there has been no framework on target setting for these emissions. Only a few companies have been accounting for and reporting these emissions at some level. The reason for this is lack of data and methodology, resulting in around 22% of global emissions from the land sector not being accounted for appropriately in corporate carbon footprint calculations.
The SBTi’s FLAG Guidance provides the world’s first standard method for companies in land-intensive sectors to set science-based targets that include land-based emission reductions and removals.
Learn more about FLAG: https://sciencebasedtargets.org/sectors/forest-land-and-agriculture
Biodiversity & nature related disclosure, strategy, and transparency –
why all companies need to take urgent action. Read more at kahrs.com/sustainability.