YKK cements net-zero target
Japan-headquartered Zip manufacturer YKK Corporation has had its long-term aims validated by the Science Based Targets initiative (SBTi).
The group is working towards a goal of reaching net-zero greenhouse gas (GHG) emissions by 2050 in the textile, apparel, footwear and luxury goods sector.
The Science Based Targets initiative (SBTi) is a corporate climate action organization that develops standards, tools, and guidance which allow companies to set GHG emissions reduction targets in line with what is needed to keep global heating below catastrophic levels and reach net-zero by 2050 at the latest. Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to 1.5°C above pre-industrial levels.
YKK received SBTi validation in March 2021 for its near-term targets of reducing absolute scope 1 and 2 GHG emissions 50.4% by FY2030 from a FY2018 base year and reducing absolute scope 3 GHG emissions 30% within the same timeframe.
It has now obtained SBTi validation for its long-term targets of reducing absolute scope 1 and 2 GHG emissions 90% by FY2050 from a FY2018 base year and reducing absolute scope 3 GHG emissions 90% within the same timeframe. The remaining 10% of emissions in the net-zero target must be reduced to zero through carbon absorption and removal.
