Phastar, a global specialist biometrics contract research organization (CRO), has had its net-zero target approved by the Science Based Targets initiative (SBTi). The SBTi is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science and is considered the gold standard for net-zero.
A core component of Phastar’s commitment to SBTi is the ambitious pledge to achieve the Science Based Targets initiative (SBTi) Net-Zero Standard by 2035. By adopting stringent sustainability standards, Phastar aims to reduce its carbon footprint, engage with stakeholders, and promote responsible business practices.
Phastar Chief Executive Officer Graham Clark said: “Having our net-zero target approved by the SBTi underscores our commitment to corporate responsibility and sustainable business practices. As a company, we pride ourselves on our mission to make a meaningful difference in the world, and on being a great company to work with and work for.
“Reducing our carbon emission is part of our comprehensive Environmental, Social, and Governance (ESG) strategy, which includes tree planting initiatives in Kenya and Scotland, a Carbon Offset programme, and a move to using only green energy suppliers. We want to lead the CRO industry in its efforts to combat climate change and pursue a net-zero future – and SBTi approval shows we are on track to achieving that goal.”
Phastar has already embarked on a journey to hit net zero by 2035. Measures taken so far include strengthening the company’s emissions-measurement processes to enable more easy tracking. The organization has also developed and launched a sustainability strategy to outline exactly how it will reduce its emissions, as well as help its suppliers to do the same. Phastar also plans to roll out policies, initiatives, and incentives throughout its global team to help it become a more environmentally friendly business.