Sphera’s science-based near-term emissions reduction target receives SBTi validation

CHICAGO – Sphera, a leading global provider of environmental, social and governance (ESG) performance and risk management software, data and advisory services, has been recognized by the Science Based Targets Initiative (SBTi), in line with a 1.5 °C.

The target applies to Sphera’s direct operations, promising to reduce absolute scope 1 and 2 greenhouse gas emissions by 60.5% by 2030, with 2019 as the base year. In 2019, Sphera’s greenhouse gas footprint was 8,582 tonnes of carbon dioxide equivalent. As outlined in Sphera’s most recent ESG reporttotal greenhouse gas emissions have already been reduced by 19%.

“To be successful in today’s business environment, organizations must be action-oriented in developing and improving the sustainability of their operations and services,” said Sphera’s CEO and President Paul Marushka. “As such, we are committed not only to supporting our customers in achieving their emissions reduction targets, but also to minimizing our own carbon footprint. We are proud of the SBTi approval of our science-based near-term emissions reduction target, and it demonstrates Sphera’s continued commitment to creating a safer, more sustainable and more productive world.”

As part of today’s announcement and Sphera’s commitment to global decarbonization, the company is also committing to the following:

To reduce absolute Scope 3 greenhouse gas emissions from fuel and energy-related activities, waste generated during operations and employee commuting by 46.2% by 2023 compared to our 2019 baseline.

That 60.7% of its suppliers, measured by emissions from purchased goods and services and business travel, will have science-based targets by 2028.

This validation by the SBTi is a crucial step in the transition to a carbon-free economy. As part of the company’s ongoing commitment to sustainability, Sphera reports its emissions in accordance with the requirements set forth in the Greenhouse Gas (GHG) Protocol. In addition, Sphera reports with reference to the standards of the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) and the UN Global Compact (UNGC) and the associated Sustainable Development Goals (SDGs).

About Sphera

Sphera is the leading provider of environmental, social and governance (ESG) performance and risk management software, data and advisory services, focused on environment, health, safety and sustainability (EHS&S), operational risk management (ORM), product governance and transparency of the supply chain . For more than 30 years, we have served more than 8,400 customers and over a million users in 95 countries to help companies keep their people safe, their products sustainable and their operations productive. More information about Sphera can be found at www.sphera.com. Follow Sphera on LinkedIn.

About SBTi

The Science Based Targets Initiative (SBTi) is a corporate climate action organization that enables companies and financial institutions worldwide to play their role in combating the climate crisis. The SBTi develops standards, tools and guidelines to help companies set greenhouse gas emissions reduction targets in line with what is needed to keep global warming below catastrophic levels and achieve net zero by 2050. The SBTi was established as a charity, with a subsidiary hosting target validation services. The partners of the SBTi are CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).