The Science Based Targets initiative (SBTi) stands as a powerful collaborative force, uniting companies in the private sector with a singular mission – to propel climate action. Kindred Group, a trailblazer in the European gambling industry, has recently unveiled its updated climate targets, meticulously crafted in alignment with the rigorous methodology established by SBTi to fulfill the objectives of the Paris Climate Change Agreement.
Setting the Bar:
Kindred’s commitment to climate action is evident in its ambitious targets. The company has pledged to slash absolute scope 1 and 2 greenhouse gas emissions by an impressive 90% by the fiscal year 2027, measured against the fiscal year 2019 baseline. Simultaneously, the group has set its sights on a 35% reduction in absolute scope 3 greenhouse gas emissions within the same timeframe. These targets underscore Kindred’s dedication to mitigating its environmental impact.
Leadership Perspective:
Henrik Tjärnström, CEO of Kindred Group, emphasizes the company’s proactive stance in addressing the climate crisis. Having been among the early adopters in the European gambling industry to introduce science-based emission targets in 2020, Tjärnström expresses pride in breaking new ground. He underscores the urgency of climate action, highlighting the role of SBTi as a catalyst for substantial, science-based progress. Tjärnström’s statement echoes the sentiment that time is of the essence, and collective efforts are imperative in tackling the climate crisis.
Global Movement Towards Sustainability:
Kindred’s commitment aligns it with a global movement of companies spanning diverse industries, all united in their determination to combat climate change. By adhering to these ambitious targets, the group contributes to a broader narrative of corporate responsibility and sustainability. The adoption of such targets not only signifies Kindred’s commitment to environmental stewardship but also positions the company as a catalyst for change within the gambling industry.
Guidance for Sustainability:
The updated targets are not just numerical goals; they serve as a compass guiding Kindred in its sustainability endeavors. As the company strives to navigate the complexities of reducing greenhouse gas emissions across scopes, these targets provide a clear roadmap. In embracing these objectives, Kindred sets a precedent for transparent, accountable, and impactful sustainability practices.
Paris Climate Change Agreement:
The overarching framework guiding Kindred’s climate targets is the Paris Climate Change Agreement. This international treaty, legally binding and steadfast in its pursuit of addressing climate change, sets the ambitious goal of limiting global warming to well below 2 degrees Celsius, ideally to 1.5 degrees Celsius, compared to pre-industrial levels. Kindred’s commitment to aligning with this agreement signals its dedication to contributing meaningfully to global climate efforts.
Kindred Group’s updated climate targets represent a commendable stride towards a sustainable and responsible future. By aligning with the standards set by SBTi and the Paris Climate Change Agreement, Kindred not only demonstrates leadership in its sector but also becomes an integral part of the global movement combating climate change. As the world grapples with environmental challenges, Kindred’s commitment serves as a beacon of inspiration for other companies to set and achieve science-based targets, fostering a collective effort towards a greener, more sustainable world.