Market
12
Oct
2024
2
min read

Fairphone leads Dutch companies in commitment to Net-Zero targets at CEO breakfast

Last week, Fairphone, a Dutch manufacturer of sustainable and modular smartphones, , took center stage at a yearly CEO breakfast, where representatives from other Dutch companies reaffirmed their commitment to the Science Based Targets initiative (SBTi). This gathering marked a significant step toward achieving the Paris Agreement’s climate goals, particularly the aim to limit global temperature rise to 1.5°C.

Fairphone's role in promoting sustainability

The event was attended by executives from various industries, including technology, finance, and consumer goods. Fairphone, along with other companies such as Signify (formely Philips), Omdus, Ortec, Arbo Unie, Nobian, and Fugro, reiterated its ambition to achieve net-zero emissions by 2050. The presence of Fairphone highlighted the tech sector's vital role in driving climate action, showcasing how sustainable practices can be integrated into product development and corporate strategy.

Transitioning from goals to tangible actions

Fairphone's executives engaged in conversations about overcoming challenges in translating ambitious targets into achievable, practical solutions, exemplifying how tech companies can lead by example.

Key outcomes and Fairphone's commitment

Collective commitment to Net-Zero: The companies, including Fairphone, reaffirmed their dedication to the Net-Zero Standard, aiming to halve emissions by 2030 and achieve full value chain reductions by 2050.

Innovation and collaboration focus: Fairphone emphasized its commitment to collaboration with other sectors to develop new technologies and share best practices for CO2 reduction.

Sustainable growth: The leaders underscored that reaching net-zero emissions will unlock new economic opportunities and stimulate sustainable growth, showcasing how environmental responsibility aligns with business success.

Fairphone's mission and future strategies

Fairphone is determined to establish clear emission reduction targets in line with its long-term vision of sustainability. The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2050, independently validated by SBTi. This will require significant reductions in emissions, targeting a 50% cut by 2030, with any remaining emissions minimized and offset.

About SBTi

The Science Based Targets initiative (SBTi) is a charitable foundation established by CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). It supports companies in setting ambitious emissions reduction targets in line with climate science. Earlier this year Dutch operator KPN

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