PSA BDP has formally committed to the Science Based Targets initiative (SBTi), marking a significant milestone in the company's efforts to establish ambitious emissions reduction targets.

SBTi is an organization that provides a clearly defined pathway for companies to reduce greenhouse gas (GHG) emissions.

The globally integrated and port-centric supply chain, transportation, and logistics solutions provider said it is committed to setting near-term and long-term science-based emissions reduction targets in accordance with SBTi's net-zero standards.

PSA BDP noted that over 98% of its emissions are derived from freight transportation, so this focus will also help customers achieve their own reduction targets. The process will begin with an external audit aligned with the ISO 14064 standard for greenhouse gas (GHG) accounting.

This comprehensive audit, set to be completed within a few months, underscores PSA BDP's commitment to environmental accountability and transparency in its GHG reporting practices.

Upon the audit's completion, PSA BDP said it will use the SBTi methodology to set its existing Scope 1 and Scope 2 targets.

Following the approval of these targets, PSA BDP will submit new Scope 3 targets, with a view to having them in place by the end of 2025. These targets will include both near-term goals, such as those aimed for 2030 or 2035, and ambitious long-term goals that aim for net zero by 2050.

"For PSA BDP, emissions reduction equates to assisting customers to reduce emissions from freight movement — whether by sea, land, or air, and is the goal of PSA BDP’s Freight Decarbonisation Framework," the company added.

This approach begins with enhanced data collection through its Carbon Dashboard tool, announced earlier this year. This tool enables customers to tackle freight emissions in their science-based targets.

Alongside providing solutions-based logistics services, the PSA BDP said the introduction of lower carbon freight movement will serve as a crucial tool in its journey towards achieving net zero emissions in the years ahead.

"At PSA BDP, we are fully committed to leading the supply chain industry towards a low-carbon future and are working proactively to reduce emissions across key areas," said Peggy Murphy, VP of Sustainability, PSA BDP.

"We recognize the urgency of taking action as an organization to further our own sustainability goals as well as enable our customers to achieve their emissions reduction goals."

The SBTi's net zero standard is the world's only framework for corporate net zero target setting in line with climate science.

Targets are deemed 'science-based' when they align with the latest climate science, which outlines the necessary measures to meet the goals of the Paris Agreement – specifically, limiting global warming to 1.5°C above pre-industrial levels.