Redevco’s SBTi target is approved.

Great news! We are delighted to share that our near-term (2030) science-based emissions reduction target is approved by the Science Based Targets initiative (SBTi)! We join around 6,000 businesses around the world that are already working with the Science Based Targets initiative (SBTi). But only about 130 real estate companies have an approved target!

Our 1.5^oC-aligned target has been formulated as:

“Redevco B.V. commits to reduce absolute scope 1 and 2 GHG emissions 58.5% by 2030 from 2019 base year. Redevco B.V. also commits to reduce absolute scope 3 GHG emissions 46.2% within the same timeframe.”

The latest climate science from the IPCC – described by the UN as “code red for humanity”- shows it is still possible to limit global temperature rise to 1.5°C, but we are dangerously close to that threshold. As we move into an age of climate awareness and global warming, we, at Redevco, take this responsibility seriously in light of future generations and strive to meet our targets as best we can.

Read more about what we have been doing and what we plan to do the coming years in our Responsible investment report here: Redevco_Responsible-Investment-report-2023_final.pdf