CO2 REDUCTION TARGETS VALIDATED BY SBTi 

The SBTi or rather Science Based Targets Initiative emerged from the UN Global Compact with the aim of providing a framework to set and align targets with the Paris climate accords. It has become one of the leading climate action frameworks in recent years.

The Science Based Targets initiative (SBTi):

• Defines and promotes best practice in emissions reductions and net-zero targets in line with climate science.
• Provides technical assistance and expert resources to companies who set science-based targets in line with the latest climate science.
• Brings together a team of experts to provide companies with independent assessment and validation of targets.
• The SBTi is the lead partner of the Business Ambition for 1.5°C campaign - an urgent call to action from a global coalition of UN agencies, business and industry leaders, mobilizing companies to set net-zero science-based targets in line with a 1.5°C future.

On 11 April 2023, Xior submitted its CO2 reduction targets to SBTi. This plan outlines Xior's path to net zero carbon by 2050. By 2030, Xior will have reduced its scope 1 & 2 CO2 footprint by 42% compared to 2020. SBTi has officially validated Xior's reduction targets.

By joining SBTi, Xior shows not only that we are serious about our climate ambitions, but also more specifically that we are committed to a reduction level in line with international expectations.