APSEZ becomes the first Indian port to sign up for Science Based Targets Initiative (SBTi)

Adani Ports and Special economic Zone Limited (APSEZ) has become the first Port in India and 7th Port in the world to sign the commitment letter to Science Based Targets initiative (SBTi).
Overall, 43 Indian companies have signed a commitment letter to SBTi, till date from a total of 909 companies.

What is SBTi?

The science-based targets are the targets adopted by companies to reduce greenhouse gas (GHG) emissions that are in line with meeting the goals of the Paris Agreement – to limit global warming to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.
Through SBTi, companies commit to set science-based emissions reduction targets, across their entire value chain, which in turn provides companies with a clearly defined pathway to future-proof growth by specifying how much and how quickly they need to reduce their greenhouse gas emissions.
Committed companies have 24 months to have their targets approved and published by the SBTi.
The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).