If commits to set Science-Based Climate Targets

If has signed the Science Based Targets initiative (SBTi) and committed to set science-based targets in accordance with the Paris Agreement to limit global warming to 1.5°C.

- We want the progress we are going to make at If to have the greatest possible impact in terms of limiting the global temperature rise. We have analyzed potential and challenges carefully, and we find that the most ambitious way to ensure this is by combining our own climate targets with the latest climate research, says CEO Morten Thorsrud.

Together with an expected primary effect in investments, If expects that their coming climate targets will have an effect on the company’s approximately 3,000 partners in the automotive and car-workshop industry and almost 1,000 suppliers in the recover and reconstruction businesses.

If will soon begin to define concrete targets. The targets will then be submitted to the SBTi organisation for validation. The targets must cover a minimum of 5 years and a maximum of 15 years from the date of submission. Progress towards the goals will be reported transparently and publicly every year.

SBTi is a partnership between the UN Global Compact, the World Resources Institute (WRI), the CDP and the World Wildlife Fund (WWF). The SBTi’s goal is to drive ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets.