FIEGE joins Science Based Targets initiative (SBTi)
The logistics company FIEGE signed the Commitment Letter of the Science Based Targets initiative (SBTi). The Greven-based family business commits to ambitious climate goals and lowering CO2 emissions to achieve net zero targets in the long term.
FIEGE has joined the Science Based Targets initiative (SBTi). By signing the Commitment Letter, the logistics company pledges to reduce its direct and indirect emissions to net zero in line with the Paris Agreement, to meet the 1.5°C target in the long run. To achieve this, FIEGE will draft specific goals over the next 24 months to be implemented by 2050, which will then be reviewed and released by the independent SBTi.
“It is our vision to pass a climate neutral family business to the next generation”, says Felix Fiege, Co-CEO of the FIEGE Group who manages the 150-year-old company – now five generations strong – together with his cousin, Jens Fiege. “To stress our ambitious undertaking and to live up to our social responsibility, we have joined the Science Based Targets initiative and decided to endorse the Commitment Letter.” And Jens Fiege adds: “We do this with total conviction. After having published our first-ever sustainability report this year which details all the action which we as the FIEGE Group will be rolling out within sustainability, we now wish to take a further important step on our pathway to climate neutrality by joining the globally recognised SBTi.”
SBTi is a joint initiative of CDP (formerly Carbon Disclosure Project), United Nations Global Compact (UNGC), World Resources Institute (WRI) and the World Wide Fund For Nature (WWF). Under its umbrella, more than 1,000 businesses have come together since its foundation in 2015 in an effort to meet the Paris climate targets on the basis of scientific knowledge. To achieve the ambitious emission reduction targets – a minimum 50 per cent by 2030 and 90 per cent by 2050 – FIEGE invests continually in sustainable projects, such as for example the operation of all-electric trucks or the development of sustainable logistics properties.