RGD takes action for climate and sustainable development

“What gets measured, gets managed”

In collaboration with the climate consultancy firm 2050, through the use of standardized approaches and globally accepted principles, Red Glead Discovery has generated a Greenhouse gas (GHG) inventory that represents a fair account of its emissions.

In 2022, the Intergovernmental Panel on Climate Change warned that global warming must not exceed 1.5°C to avoid severe and irreversible impacts of climate change. To achieve this, GHG emissions must halve by 2030 – and drop to net-zero by 2050. Even small- and medium sized companies such as Red Glead Discovery need to contribute -every sector in every market must transform. Red Glead Discovery is ready to take responsibility.

The Science based target initiative defines and promotes best practice in science-based target setting, for carbon emission reductions and net-zero targets in line with climate science.  Red Glead Discovery’s GHG inventory is the basis for setting goals to reduce absolute scope 1 and 2 GHG 38% from a base year (2021) until 2030 and commit to reach net-zero by 2050. The SBTi has approved Red Glead Discovery´s near-term science-based emissions reduction target. Red Glead Discovery has also committed to set long-term emissions reduction targets with the SBTi in line with reaching net-zero by 2045. Thus, Red Glead Discovery has taken the first steps towards developing a net-zero strategy and is actively working to establish long-term targets that are aligned with the SBTi´s net-zero criteria.

As of August 2022, over 1,600 companies worldwide are leading the transition to a net-zero economy by setting emissions reduction targets grounded in climate science through the SBTi.

Red Glead Discovery is one of them.

Exerting action to contribute to climate goals is of uttermost importance, however there are more global challenges responsible companies should give attention to in order to promote sustainable development according to the areas identified by the UN. Understanding that good practices or innovation in one area cannot make up for doing harm in another, we are integrating sustainability into our business model and have allocated financial resources as well as the equivalent to one full time employee for sustainability initiatives during 2022. Thus, we are currently scrutinizing our value chain and operations, as well as supply chain, in relation to the United Nation’s Sustainable Development Goals (SDGs) to identify areas where we can reduce harmful environmental impact and similarly, areas where we can contribute positively. We are committed to change our organisational approach to meet ambitious new objectives. See below a number of initiatives which we have started and their progress.