Science-Based Targets SBT

 What are ‘science-based targets’?

Science-based targets provide a clearly-defined pathway for companies to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change and future-proof business growth.

Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C.

The private sector must play a fundamental role in reducing GHG emissions. Embedding science-based targets in sustainability management is crucial.

Setting a science-based target is a five-step process:

Commit: submit a letter establishing your intent to set a science-based target

Develop: work on an emissions reduction target in line with the SBTi’s criteria

Submit: present your target to the SBTi for official validation

Communicate: announce your target and inform your stakeholders

Disclose: report company-wide emissions and track target progress annually

Source: https://sciencebasedtargets.org/how-it-works

Apple supply chain in China hit by lockdowns as key partner suspends production in Shanghai, Kunshan

 Apple's supply chain is facing extended disruptions caused by China's strict Covid-19 control measures, after the US giant's second-largest Chinese assembly plant suspended production at key factories in Shanghai and nearby Kunshan.

Pegatron Corporation, a major electronics manufacturing service provider for Apple, has stopped making computers, communication devices and consumer electronics for branded vendors in Kunshan, a manufacturing base in the coastal Chinese province of Jiangsu, since the city entered a lockdown a week ago.

Shanghai lockdown snarls world's busiest port and China supply chains

 Shanghai's grinding coronavirus lockdown is slowly clogging China's supply chains, as delays hit the world's busiest container port where staff are tangled in a morass of Covid controls.

Beijing has refused to tack away from its strict zero-Covid strategy that has protected its public health system through the pandemic but at a mounting economic cost.

China's financial hub Shanghai -- home to multinational firms and its busiest port -- has been sealed off almost entirely for a week following an outbreak fuelled by the Omicron virus variant.

That has forced many companies to halt production and slow new projects, factories told AFP, while those still operating are struggling with a shortage of truck drivers on top of onerous permit and Covid testing requirements.

At Shanghai's port, the lack of drivers and other workers means getting goods in and out is increasingly hard.

The docks are working normally with a "single-digit" number of vessels waiting to berth, Shanghai International Port Group said this week.

New Balance says its sneakers will leave zero carbon footprint by 2050

 The World Bank says the fashion industry is responsible for about 10% of global emissions, leading some brands to take stock of their outsized carbon footprints.

New Balance Athletics operates three factories in Maine and has pledged to be net zero by 2050. The company's factories churn out thousands of sneakers every day.

An MIT lifecycle assessment estimates that producing just one pair of running shoes generates 30 pounds of carbon dioxide emissions. That's because it's an energy intensive process that uses cotton, leather and oil-dependent polyester. It also generates a lot of waste.

Integrate Stripe for Payment Gateway in your woocommerce online shop on New Round of Consumption Voucher Scheme ("CVS") 消費券

The 2022-23 Budget announced the implementation of a new round of CVS under which consumption vouchers with a total value of $10,000 will be disbursed to each eligible person. In Phase I, $5,000 consumption voucher will first be disbursed on 7 April to eligible people using the registration information of the 2021 CVS. Eligible people will receive the remaining value disbursed by instalments in Phase II.

With Stripe, you  can Accept payments in minutes, without a line of code.

1. Register you Stripe account https://dashboard.stripe.com/register

2. Register you wallet:

AlipayHK 支付寶香港 (Phone: 2245 3201)

Octopus 八達通 (Phone: 2969 5500)

Tap&Go  拍住賞 (Phone: 2888 0000)

WeChat Pay HK (Phone: 3929 1666)

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