Establishing SBTi Carbon Reduction Targets with Brand Customers
FENC’s customer, Decathlon, established carbon reduction targets through Science Based Targets Initiative (SBTi) in 2019. Decathlon’s commitments include that 90% of its suppliers must define their own SBTi targets by 2024. To align with this commitment, FEIS attended Decathlon’s 2021 carbon reduction training through video conferencing and completed the following tasks:
- In February 2021, FEIS adopted Decathlon’s GHG emission validation system.
- In June 2021, FEIS completed the trainings for RE100, carbon trading, green electricity procurement and i-REC.
- In September 2021, FEIS established SBTi targets for filament products targeting Decathlon. The targets are to reduce carbon emissions by 25.2% by 2026 compared to 2021, in line with limiting global warming to 1.5°C. FEIS has also completed its carbon reduction roadmap and statement.
- In November 2021, SGS, which was authorized by Decathlon, reviewed and validated the SBTi targets and proposals from FEIS on filament products.
After communicating with key contacts within Decathlon for nearly a year, FEIS was able to familiarize itself with the sporting goods retailer’s carbon reduction targets and action plans, along with its requirements for suppliers. The process has deepened this long-term partnership. As the first FENC site to define its SBTi targets, FEIS established a firm foundation for the Company on its path to carbon reduction. The experience will further benefit other FENC sites to implement SBTi targets.