KUALA LUMPUR, Oct 20 (Bernama) -- United States’ (US) industrial manufacturer Milliken & Company announced that the United Nations (UN) backed Science Based Targets initiative (SBTi) has approved its science-based net-zero carbon targets.
In a statement today, Milliken said it commits to real net-zero greenhouse gas emissions and is one of the first 50 companies globally to achieve approved science-based net-zero targets and joins a group of more than 1,300 companies who have made net-zero commitments using the 2021 SBTi Corporate Net-Zero Standard.
“Additionally, Milliken is the first company to be approved in South Carolina, where Milliken’s global headquarters is located,” it said.
General counsel and head of sustainability at Milliken, Kasel Knight, pointed out that not all net-zero is the same.
“This is why Milliken commits to reaching real net-zero greenhouse gas emissions across the value chain by 2050 from a 2018 base year.
“By working with SBTi, our net-zero commitment, along with our approved near-term and long-term targets, has been fully vetted by the best available science on a global scale,” he said.
SBTi is a coalition of international organisations dedicated to helping companies set emission reduction targets consistent with climate science and the Paris Agreement.
“At Milliken, sustainability is a core value. Climate change is placing pressure on communities, companies and our planet. The time to take meaningful action is now,” said Milliken president and chief executive officer Halsey Cook.
SBTi calculates that companies committed to cutting emissions in line with climate science now represent a third or US$38 trillion of the global economy.
-- BERNAMA
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