The CIECH Group, as the first of the large industrial companies in Poland, joined the Science Based Targets initiative (the “SBTi”), created, among others, by: the United Nations Global Compact, the Carbon Disclosure Project, the World Resource Institute (WRI) and the World Wide Fund for Nature (WWF). The purpose of this venture is to set climate goals for individual businesses based on scientific knowledge and to monitor progress on a regular basis. The SBTi companies aim to keep global warming below 2 degrees Celsius compared to the pre-industrial era, according to the Paris Agreement¹.

The Science Based Targets initiative promotes best practices in reducing greenhouse gas emissions and achieving climate neutrality, in line with the scientific knowledge and experience, among others, of climatologists. Members of the initiative are offered support in setting, and developing a schedule for achieving, climate protection goals, and additionally, the initiative provides professional monitoring of activities. Science Based Targets is also the leader of the Business Ambition for 1,5°C campaign, which aims to promote activities in the business environment to reduce the pace of global warming.

- Business should be a pioneer in setting trends and promoting activities that will contribute to changing the reality for the better in the next decades and for the next generations. Our ambitious plan is to achieve climate neutrality in 2040. By joining the SBTi, we confirmed our determination to attain these goals. We will verify our measures in scientific terms in order to ensure that by implementing them we are truly contributing to slowing down and stopping climate change. To this end, we focus on collaboration with leaders in the fight against global warming and join the coalition of responsible business, the members of which are our business partners from around the world – says Dawid Jakubowicz, President of the Management Board of CIECH S.A.

Nearly 2 thousand companies from all over the world joined the initiative, but only a few of them are from Poland. Almost a thousand of the participating companies have already completed the verification and set their climate targets based on scientific knowledge.

In the ESG strategy presented in the spring of 2021, the CIECH Group committed itself to achieve climate neutrality in 2040, gradually reduce carbon dioxide emissions (by approx. 33% by 2026 compared to 2019), eliminate coal in the energy production process by 2033, as well as the possibility of using modern technologies to achieve this purpose, such as nuclear micro-reactors. In September, CIECH executed a letter of intent in this matter with Synthos Green Energy.

In addition, CIECH intends to improve the pace of reducing energy consumption or use solutions which are in line with the idea of a closed economy to an even greater extent. Of the eight commitments of the Group's ESG strategy, four are related to climate issues. For more information, visit www.esgciech.com.

 ¹ The Paris Agreement, adopted at the Paris Climate Conference (COP21) in December 2015, is the first-ever universal and legally binding climate agreement. Almost 190 countries joined the Paris Agreement, including the European Union and its Member States. Their goal is to keep the global average temperature increase well below 2°C compared to the pre-industrial era levels.