Reka Cables has committed to the international Science Based Targets initiative (SBTi), driving ambitious climate action. In accordance with the initiative, Reka Cables will set emission reduction targets, which support the policy of the Paris agreement on climate change to limit global heating to a maximum of 1.5 degrees Celsius. The targets apply both to Reka Cables’ own operations (Scope 1 & 2) and the whole supply chain (Scope 3).
Reka Cables has committed to the strictest Net Zero target, which obligates the company to set both short-term and long-term targets. On a global scale, Reka Cables is amongst the first 1,000 or so companies that have committed to the strictest Net Zero target.
Already prior to its commitment to SBTi, Reka Cables has made sustained efforts to cut its emissions. In 2021, Reka Cables announced that it had cut the CO2 emissions of its operations by 80% compared to 2019 by switching to green process electricity and using solar power at its factories in Keuruu and Riihimäki, for example. The company has compensated for the remaining emissions in full since November 2021. With the agreement, Reka Cables’ entire supply chain will be included in the climate action efforts. “Reducing the emissions of our own operations was the first step, but fighting climate change requires more robust measures and everyone’s commitment. This is why we are committed to setting more ambitious targets for our whole supply chain,” says Jukka Poutanen, CEO, Reka Cables.
Reka Cables has started to specify concrete targets. Once complete, the company aims to have the targets approved by the Science Based Targets (SBT) climate organisation. The timescale for the presentation and approval of these emission reduction targets is two years.
Information about the Science Based Targets initiative:
Established in 2015, the Science Based Targets initiative (SBTi) is an international climate initiative, which is backed by the World Resources Institute (WRI), WWF, the UN Global Compact initiative and the Carbon Disclosure Project (CDP). The companies that are committed to the initiative set themselves science-based emission reduction targets, which are based on the Paris agreement on climate change. So far, 61 Finnish companies have joined the initiative, 50 of them industrial companies.
For more information, please contact
Jukka Poutanen, CEO, tel. +358 (0)40 833 9007