August 3, 2022
Veramaris sets science-based target to further reduce carbon footprint
Veramaris has committed to reducing its greenhouse gas (GHG) emissions by setting a science-based target which has now been approved by the Science Based Target initiative (SBTi) aimed at urgently limiting global warming to below 1.5°C.
The DSM-Evonik joint venture will achieve a 38% reduction in absolute Scope 1 and Scope 2 emissions by 2030 from a 2021 base year.
Notably, the start-up is making this commitment ahead of its recently announced growth phase. Veramaris will report progress against the Science Based Targets in addition to measuring and reducing Scope 3 emissions.
The start-up recognises that through its own commitment to decarbonise, it helps customers address their Scope 3 emissions while also creating additional transparency in their supply chains. Indeed, in the food sector, retailers recognise that Scope 3 emissions account for the majority of their GHG emissions, therefore relying on supply chain engagement to help them meet their reduction targets.
Karim Kurmaly, chief executive officer of Veramaris, said: "Aligning our greenhouse gas reduction goals with Science Based Targets is an important step we are taking to contribute to protecting the future of our planet. At Veramaris, even though we are in the early stages of scaling up our production, we understand the importance and urgency of climate change. So, we are doing our bit to help the food system grow within planetary boundaries."
GHG concentrations have peaked in recent years prompting scientists and governments to try and limit the global temperature rise to no more than 1.5°C in an attempt to prevent the worst climate impacts on the planet. It is for this reason that countries and companies worldwide are coming together and taking action to cut emissions.
The Science Based Targets initiative (SBTi) is leading the way to a zero-carbon economy, driving ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets.
Veramaris' commitment recognises the critical role the private sector can play in the transition to a low-carbon economy while conserving marine biodiversity and therewith helping protect the health of oceans.