Hong Kong Air Cargo Terminals Limited (Hactl) – Hong Kong’s largest independent cargo handler – has had its targets for science-based greenhouse gas emissions reductions approved by the Science Based Targets initiative (SBTi). SBTi’s Target Validation team has confirmed that Hactl’s targets comply with SBTi Criteria and Recommendations and that Hactl’s scope 1 and 2 target ambition aligns with a 1.5°C trajectory for limiting global temperature rises.
Says Wilson Kwong, Chief Executive of Hactl: “SBTi is the gold standard in targeting and reporting reductions in emissions. We are proud to be an early adopter of the aviation sector scheme and have had our near-term targets approved. But this is just the first step. The latest climate science from the IPCC (The Intergovernmental Panel on Climate Change) shows it is still possible to limit global temperature rises to 1.5°C. Still, we are running dangerously close to that threshold. Urgent action is therefore vital, and Hactl aims to play its part and set an example for our industry.”
Hactl made a public commitment to SBTi in 2022. Over the ensuing 18 months, Hactl’s Safety, Sustainability, and Quality Assurance team has been working on setting targets based on the SBTi criteria. Hactl has committed to reducing absolute scope 1 and 2 GHG (greenhouse gas) emissions by 50.4% by 2030 from a 2018 baseline. The company also commits to reducing absolute scope 3 GHG emissions from purchased goods and services, fuel- and energy-related activities, waste generated in operations, employee commuting and downstream leased assets by 50.4% within the same timeframe. The target boundary includes land-related emissions and removals from bioenergy feedstocks.
The Science Based Targets initiative (SBTi) is a global body enabling companies and financial institutions to set ambitious emissions reduction targets in line with the latest climate science. The SBTi’s goal is for businesses worldwide to support the global economy by halving emissions before 2030 and achieving net zero before 2050.
SBTi is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF); it is also one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practices in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.
To ensure maximum transparency, accountability, and corporate leadership, Hactl must publicly report progress against its targets annually and its company-wide GHG emissions inventory.
Among the many measures Hactl will employ to achieve Hactl’s SBTi targets are replacing internal combustion-powered vehicles and ground support equipment (GSE) with electric versions; procuring Renewable Energy Certificates (RECs); increasing the use of energy-efficient lighting and heating, ventilation and air conditioning (HVAC) systems; working with suppliers to reduce Hactl’s upstream emissions, especially from purchased goods and services; implementing digital management systems to eliminate paper use; and devising innovative ways of diverting wood, paper, plastics, and mixed waste from landfill.
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