IE 8.1. If yes, please indicate if this target was calculated as part of a market initiative

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France Invest 2023 / ESG Reporting – IE 8.1. If yes, please indicate if this target was calculated as part of a market initiative

IE 8.1 of the France Invest ESG Reporting Framework asks companies about the origin of their greenhouse gas (GHG) emission reduction targets, checking if they were established as part of recognized market initiatives such as the Science Based Targets Initiative (SBTi) or the SME Climate Hub.

1. How to answer this question ?

To answer, the company must identify if it set its GHG reduction targets in collaboration with external initiatives and if these targets are recognized or pending approval by these initiatives. The MCQ response options allow specifying if the target is already approved by the SBTi, if it has been submitted and is awaiting approval, or if it aligns with the principles of the SME Climate Hub or the Paris Agreement.

2. Why is it important ?

It’s important because it shows the company’s commitment to follow rigorous and scientifically grounded methodologies for GHG emission reduction. This enhances the credibility of its actions among investors, customers, and partners who value serious and evidence-based environmental commitments.

3. Examples :

– Example A: “Our company has developed a GHG reduction target in line with the SBTi, and we await its formal approval within the next two years.”

– Example B: “Although we are not yet signatories of the SME Climate Hub, our GHG reduction targets are designed to support the ambitions of the Paris Agreement.”

This information helps assess the alignment of the company’s GHG reduction targets with international initiatives and demonstrates its seriousness in combating climate change.

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