SBT's provide a clearly defined pathway for companies to reduce greenhouse gas emissions, helping prevent the worst impacts of climate change and ensuring sustainable business growth.
An emissions target is considered 'science-based' if it is in line with the reductions needed to meet the global commitment under 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. In the long term, reducing the carbon output of Speedy's hire and vehicle fleet through the use of solar, hybrid, electric and hydrogen technology will help achieve this global goal.
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Speedy's targets will be verified by the Science Based Targets initiative and published, alongside the first year’s progress, over the coming financial year.
Alongside the SBT commitment, Speedy will also be joining the We Mean Business coalition and the United Nations Global Compact's to accelerate an inclusive transition to a net zero economy.
The move to commit to an SBT reinforces the firm's position on setting the pace in the UK hire sector in the drive to achieve net zero. It follows on the heels of other market-leading sustainability commitments including: trialling a number of electric delivery vehicles including two converted electric London taxis; a company car list that now consists almost entirely of hybrid and electric vehicles; launching the first 7-tonne Electra eStar rear-steer beavertail body truck in the UK (in partnership with Sterling GP); being the first hire provider to switch to fuelling powered access machinery exclusively with hydrotreated vegetable oil (HVO), and working closely with customers and suppliers to trial the use of hydrogenated vegetable oil (HVO), reducing carbon emissions by up to 90%.
