The SBTi Approves ITP Aero’s Emissions Reduction Targets

The SBTi (Science Based Targets initiative) has approved ITP Aero’s near-term science-based emissions reduction targets. The validated targets will see ITP Aero work towards its commitment to reduce carbon emissions across its operations, value chain, and sold products, in line with the Paris Agreement’s aim of limiting global temperature rise to 1.5⁰C.

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ITP Aero has committed to the following targets:

• ITP Aero commits to reduce absolute scope 1 and 2 GHG emissions 65% by 2030 from a 2019 base year.

• ITP Aero commits to reduce scope 3 GHG emissions from the use of sold products 55% per available seat kilometre by 2030 from a 2019 base year.*

Pablo Quintana, executive director of Strategy and Sustainability of ITP Aero, said: “It’s a great pleasure to have our near-term targets validated by the Science Based Targets initiative until 2030. This milestone showcases our robust sustainability management systems and processes that help us deliver innovative solutions to build a greener and more sustainable future of aviation." He added, "We are also taking firm steps towards our net zero emissions commitment by 2050, and this milestone proves that we are on the right track."

In receiving the SBTi validation, ITP Aero has been recognised for its commitment to climate change by the world’s authoritative organization. This recognition demonstrates ITP Aero's determination and sense of responsibility to help keep the global temperature rise within 1.5°C. The science-based carbon targets provide a clear guideline for achieving emission reduction across the entire value chain by 2050. ITP Aero looks forward to working with more partners to promote global energy transition to build a better, greener future.

About SBTi

SBTi is a collaboration between Carbon Disclosure Project (CDP), the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the Worldwide Fund for Nature (WWF). It helps enterprises set science-based carbon targets and provides trusted standards for global leading companies in reducing carbon emissions. As more organisations around the world set carbon neutrality goals, participating in and setting science-based carbon targets demonstrates a company’s sense of responsibility and active practice in achieving green, low-carbon, and sustainable development.