Carbon targets & tracking
In September 2020, Timberlink was the first company from the forestry and paper products sector in Australia (and the 10th in the world) to commit to and publish carbon reduction targets that complied to the strict rules established by the Science Based Targets initiative (SBTi).
Even though timber sequesters carbon for the life of the building, we still wanted to minimise the carbon impact of our manufacturing process further.
To ensure our carbon reduction commitments were solid, it was really important to us to go through the Science Based Targets initiative (SBTi) process. SBTi is an international organisation that governs this area and verifies that calculations behind a company’s carbon reduction targets, are in line with the Paris Agreement – limiting global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C.
We also wanted to make it easier for others so as part of a broader industry-funded endeavour, we worked with consultants to not only set our own targets, but to develop tools by which other industry members can – reasonably easily – assess their own carbon footprint and set SBTi verifiable targets for themselves.
For us to make the world a better place it’s important that we not only do our piece, but we also bring others along on the journey with us.
Progress
In the last 3 years we have reduced our greenhouse gas emissions by 27% – with a lot more in progress to deliver on our promise.
Takeout
Timberlink has already achieved a 27% reduction in greenhouse gas emissions since FY2018, with a total reduction of 53% required by 2030.