Science Based Targets initiative (SBTi)
On the 28th of October 2021, the SBTi launched the first-ever science-based Net-Zero Standard. This will combat the current inconsistencies that surround net-zero targets, and allow companies to decarbonize at the pace and scale required to align with the goals of the Paris Agreement and keep 1.5C in reach. It is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature(WWF).
- Luceco plc commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by FY2031 from a FY2021 base year.*
- Luceco plc also commits to reduce absolute scope 3 GHG emissions from use of sold products 27.5% within the same timeframe.
*The target boundary includes land-related emissions and removals from bioenergy feedstocks
Leading the Charge
Luceco Group, is proud to announce its collaboration with the Electrical Contractors Association’s (ECA) Leading the Charge digital series. Leading the Charge is a collection of films, podcasts, and articles, exploring the sector’s pivotal role in realising the UK’s energy security and net zero ambitions. Topics include renewables, energy storage, retrofitting, automation, and electrical safety. As well as raising awareness of these key issues, it aims to help inspire the next generation of installers coming into the electrical industry.
The venture is supported by a select group of industry experts, including Luceco Group. For Luceco, the project was a perfect alignment given Luceco’s commitment to achieving net zero and in tackling climate change. The company are making strides thanks to innovative products, and collaborations with experts and consumers in the electrotechnical industry.
"We felt the core message and timing of the Leading the Charge campaign seemed a great fit for Luceco and aligned perfectly with our own net zero ambitions and goals, so we’re delighted to be part of it and very much look forward to its success.” - Simon Shenton, Head of Luceco LED Development