#Germany #Munich #SBTi #climate targets #EQS Group

EQS Group Achieves Validation for Climate Targets by SBTi

In a landmark achievement, EQS Group, renowned for its innovative AI SaaS solutions in compliance, has received validation for its climate targets from the Science Based Targets initiative (SBTi). This endorsement underscores the company's commitment to reducing greenhouse gas (GHG) emissions in alignment with scientific recommendations.

The SBTi provides a framework for companies aiming to set measurable emissions reduction targets based on climate science. With its Corporate Net-Zero Standard, SBTi emphasizes the importance of immediate action and long-term strategies for substantial emissions reductions in both corporate operations and throughout supply chains. EQS Group's targets for 2030 and 2050 were confirmed to adhere to these stringent criteria.

Validated Targets

Near-Term Commitment

EQS Group has pledged to reduce its absolute scope 1 and 2 GHG emissions by an impressive 85% by 2030, using 2022 as a baseline year. Furthermore, the company is determined to decrease its scope 3 GHG emissions by 51.6% per EUR of added value during the same period.

Long-Term Goals

For the year 2050, EQS Group has set an even more ambitious goal of achieving a 90% reduction in absolute scope 1 and 2 emissions from the 2022 baseline. In addition, the company aims to attain a remarkable 97% reduction in scope 3 emissions per EUR value added by the same year.

For more detailed information about EQS Group's commitments and their significance, interested parties can refer to the SBTi website.

Current Sustainability Practices

EQS Group is already making strides in sustainability. The company utilizes renewable electricity for its primary operations in Germany and Spain and promotes eco-friendly commuting options, encouraging employees to cycle or use public transport. Air travel and car usage for business trips are permitted only in exceptional circumstances. Notably, the company publishes its GHG emissions data annually, enhancing transparency.

Quote from the CEO

Achim Weick, founder and CEO of EQS Group, expressed the importance of transparency, stating, "Our customers and partners expect the same transparency and accountability from us that we help them achieve. Setting science-based targets gives our emissions reduction work a clear direction. External validation provides a reference against which stakeholders can assess our progress. This is part of how we build lasting trust and a resilient business."

More information on EQS Group's sustainability initiatives, strategies, and reporting practices is conveniently accessible on their corporate sustainability page.

About EQS Group

Founded in Munich in 2000, EQS Group has emerged as a leading name in SaaS solutions for compliance, garnering trust from over 14,000 companies globally. The group specializes in navigating complex regulatory requirements, managing risks, and ensuring transparent reporting on their business performance and socio-environmental impact. Their comprehensive suite of compliance and ethics solutions is specially designed to build trust, facilitate secure reporting, and tackle compliance risks effectively.

Equipped with more than 25 years of industry expertise and robust customer relationships, EQS Group integrates compliance-ready AI with intelligent workflows, allowing practitioners to focus on critical assessments and advising the business instead. Their innovative tool, Q by EQS, infuses the compliance platform with AI-native intelligence, prioritizing accountability and oversight.

As EQS Group continues to evolve, its commitment to sustainability reflects its proactive approach to meeting modern environmental challenges and setting benchmarks for corporate responsibility.