Walking the Talk
At thinkstep it is in our DNA to enable organisations to succeed sustainably. This means that we cannot just advise other companies to do the right thing in sustainability; we strongly believe that we have to do our share. To ensure that our low-carbon transformation is aligned with climate science, we decided to do this with a target verified by the Science Based Targets initiative (SBTi). Our target was approved by SBTi in April 2019.
The Science Based Target initiative has been founded by the World Wide Fund for Nature, CDP, the World Resources Institute and the UN Global Compact.
The approved target
thinkstep Australasia commits to reduce absolute Scope 1 and 2 GHG emissions 38 % by 2030 from a 2018 base year and to reduce absolute scope 3 emissions from business travel and employee commuting 38% within the same timeframe.
Our commitments are regularly scrutinised or certified by:
Our Scope 1 and 2 emissions are
4.4 tCO2e, of which 3.6 tCO2e are from firewood, used to heat the main office, and our Scope 2 emissions are dominated by electricity.
Our Scope 3 emissions are 79.6 tCO2e. 63% are from business travel and 11% from employee commuting. Purchased good and services, such as our office paper, but also services from accountants, lawyers or design agencies make up about 24% of our Scope 3 emissions.
Our footprint includes our operations in New Zealand and Australia.
Progress So Far
We've measured our emissions and got our science-based target approved. We have a strategy to meet our target.
We already use refurbished IT and office equipment, compost our food waste, and support telecommuting by staff.
In several cases, our clients are also our suppliers, so the reduction opportunities we identify for them also help to reduce our Scope 3 emissions.
We have offset the emissions we cannot avoid using New Zealand carbon offsets and are Zero Carbon certified with Ekos.
As an SME, we have limited influence of our suppliers. We target low-carbon goods and services, and we encourage our suppliers, often also SMEs to develop their own carbon reduction strategies. This will also help us use real emission factors.
We are working on a live emissions reporting system through thinkstep's own SoFi software, honing our reduction strategies, and conducting an internal materiality assessment to tie our carbon reductions with other sustainability measures.
The target for thinkstep Australasia is set at an absolute reduction of 38% for Scope 1 & 2 emissions, and the same amount for Scope 3 emissions from business travel and commuting, by 2030 from a 2018 base year.
For our Scope 1 & 2 emissions we'll be looking at measures such as insulation and more efficient heating sources for our offices in New Zealand and Australia.
For our Scope 3 emissions we'll need to do less flying, more videoconferencing, and make use of electric cars, public transport and other alternative mobility options.
The Science Based Target initiative
WWF and thinkstep ANZ talk about the Science Based Target initiative, the difference between a carbon target and a science-based carbon target and the important shift from 2 towards 1.5 degrees.
Business led initiatives
The Sustainable Business Council (SBC) talks with thinkstep ANZ about their target, the Climate Leaders Coalition and what the Science Based Target initiative means for businesses in New Zealand.
thinkstep ANZ’s approved target
Barbara Nebel explains thinkstep ANZ’s approved science-based target. She shares their motivation, their experience of going through the process and their plan to reduce their emission by 38% by 2030.
Corporate Carbon Footprint
Develop an accurate emissions inventory (Scope 1, 2 and 3) as a baseline for your target and to fulfil reporting requirements
Report your emissions
Understand reporting requirements and communication opportunities
Develop a carbon reduction strategy towards achieving your target
Review your carbon inventory to check if you are ready and work out what a science-based target might look like for you
Assess Scope 3 emissions
Evaluate your value chain impacts and determine the appropriate target
Keep track of progress
Monitor your carbon emissions across your entire organisation with our SoFi Software
Beyond the obvious ethical reasons for working to drastically reduce greenhouse gas...
Watch the webinar "Science Based Targets - the Key to Overcoming Climate Disruption!".
Science-based targets provide companies with a clearly defined pathway to future-proof...