Commitments and Initiatives
Science Based Targets initiative (SBTi)
The Science Based Targets initiative is a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC). The initiative invites companies to demonstrate climate leadership through publicly committing to science-based greenhouse gas reduction targets which the initiative independently assess and approve. Sweco has committed to the Science Based Targets initiative and set emissions reduction targets in line with SBT’s Business ambition for 1.5°C.
United Nations Global Compact (UNGC)
The United Nations Global Compact is a corporate sustainability initiative that advocate ten universal principles based on international conventions within human rights, labour, environment and anti-corruption. Sweco is a signatory to the Global Compact. Sweco has also signed the Business Ambition for 1.5°C – pledge by UN Global Compact and their campaign “Business Ambition for 1.5°C – Our Only Future”. Our communication on progress report will be included for the first time in the Annual Report 2021.
World Business Council for Sustainable Development (WBCSD)
The World Business Council for Sustainable Development is a global CEO-led organisation working to accelerate the transition to a sustainable world by making sustainable businesses more successful. Sweco is a long-time member of the WBCSD.
Alignment with Sustainability Frameworks
Sweco also strives to align its operations with recognised frameworks covering sustainability. Here are some of the frameworks we apply at Group level.
Taskforce on Climate-Related Financial Disclosures (TFCD)
The Task Force on Climate-related Financial Disclosures (TCFD) was created by the Financial Stability Board to improve and increase climate-related financial reporting. The TCFD have developed recommendations on climate-related financial disclosures structured around governance, strategy, risk management, metrics and targets. Sweco’s climate-related risks are assessed in accordance with the TCFD recommendations.
Greenhouse Gas Protocol
The Greenhouse Gas Protocol (GHGP) is a comprehensive global standardized framework to measure and manage greenhouse gas emissions. The GHGP is a partnership between the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD). Sweco reports its greenhouse gas emissions in accordance with the GHGP.