ILP becomes Pakistan's 1st enterprise with approved science-based targets

MG News | June 19, 2023 at 10:25 AM GMT+05:00

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June 19, 2023 (MLN): Interloop Limited (PSX: ILP) has become Pakistan's 1st Large-Scale Enterprise with approved science-based targets, the company in a notification to exchange informed today.

The Science Based Targets initiative (SBTi) is a collaboration between the Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).

SBTi provides a framework for companies to set science-based targets that align with the goals of the Paris Agreement, enabling them to take meaningful action against climate change.

"To deliver on our commitment, we have significantly ramped up our investment in clean energy and are already working with our value chain partners to decarbonize the industry," the notification reads.

These targets are based on the latest climate science and cover the full set of its emissions including scopes 1, 2 & 3.

This comes in light of Interloop's mission to reduce its environmental impact and move towards lower emissions.

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