This company funds climate action
It might look like any other organisation, but there's a lot going on behind the scenes to help reduce its impact on our home planet. By choosing companies with this label, you are helping them to make a real difference to the climate crisis. Discover the company's Climate Journey below.
Label renewed in October 2023.
The five step Climate Journey
To earn the label, 5 steps must be taken to reduce the climate impact of the company. For each of these steps, the label defines best practice and minimum requirements. Meeting best practice is awarded with a trophy. Continuous improvement and striving for best practice is a prerequisite for label renewal.
Measuring the company’s emissions.
Setting targets and identifying actions to reduce its impact.
Putting the plan into action and reducing emissions.
Investing in climate projects to fund global climate action.
Providing transparency about the climate action taken and encouraging others to follow.
So far, this company has earned 5/5 best practice trophies.
Let's have a closer look. Click on each step below to see how the climate impact is reduced.
Achievement: This company meets the best practice requirement for Step 1
- Footprint: This company produces 43.3 kilo tons of greenhouse gas emissions.
- Scope: This includes emissions the company creates in its own operations and in its wider value chain (its suppliers and customers). This is also called scope 1, 2 & 3.
- Calculation methodology: The methodology used to calculate the company's emissions is the GHG Protocol.
To give you an idea of the company's emissions, here are two examples:
- Driving an average diesel truck from Portugal to the Netherlands (2300 km) = 0.5t.
- Taking a long distance flight (3500 km) = 0.92t.
| The label requirements for Step 1 | |
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Best practice requirement: Calculate scope 1-3 emissions, using a methodology in line with ISO 14064-1 or the GHG protocol. |
Minimum requirement: Only best practice acceptable. |
For more information, read the 'Where does all this data come from' section at the bottom of the page.
Achievement: This company meets the best practice requirement for Step 2
Target: CEWE Stiftung & Co. KGaA, the parent company, has set company-wide emission reduction targets in line with the SBTi near-term criteria. The target states to reduce absolute scope 1 & 2 emissions 50% by 2025 from a 2015 base-year, and to reduce absolute scope 3 emissions 25% within the same time frame.
SBTi stands for Science Based Targets initiative. The goal of SBTi is to support companies in setting emission reduction targets and reducing these emissions over time. To that end, the initiative defines best practice and develops standards (including certain criteria) in line with the latest climate science.
| The label requirements for Step 2 | |
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Best practice requirement:
To have a target and an emission reduction plan for the company in line with SBTi near-term criteria.
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Minimum requirement: To set up a target and an emission reduction plan for the company within a year (in line with the company's means and capabilities). |
For more information, read the 'Where does all this data come from' section at the bottom of the page.
Achievement: This company meets the best practice requirement for Step 3
- Emission reductions: Since 2015, absolute scope 1 & 2 emissions have been reduced by 61.2%, and absolute scope 3 emissions by 13.4%.
- Target alignment: The scope 1 & 2 emission target has been exceeded, and the scope 3 emission target is underway (53.7% achieved relative to base year).
Key steps taken to reduce emissions include:
- All German CEWE production sites (incl. DeinDesign) are purchasing green electricity.
- Some sites have installed photovoltaic systems to generate and consume their own renewable energy.
- The company is performing energy efficiency projects, and the four big production sites in Germany have achieved the ISO 50001 Certification.
| The label requirements for Step 3 | |
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Best practice requirement: To be on track of the science-based target and to show progress in line with the reduction plan. |
Minimum requirement: To show ambition and reduce what is possible in line with the company's means and capabilities (annual linear reduction of the company carbon footprint of at least 1%). |
For more information, read the 'Where does all this data come from' section at the bottom of the page.
Achievement: This company meets the best practice requirement for Step 4
The company has invested in climate action projects that help reduce or remove emissions from the atmosphere. In this case, the reduction or removal is equal to the company's scope 1-3 emissions. This includes emissions the company creates in its own operations / emissions the company creates in its own operations and in its wider value chain.
This funding is made on top of emission reduction efforts within the company's value chain. This is called “beyond value chain mitigation" and supports climate action and sustainable development around the world.
See the high-integrity certified climate action projects that have been funded:
Kasigau Corridor REDD project in Kenya, Phase I (Rukinga sanctuary) & Phase II (community ranches):The projects are protecting local wildlife and forests, and are bringing benefits to the surrounding communities, while simultaneously addressing alternative livelihoods. Learn more here and here. Project Certification Standard: VCS-CCBS Gold level Type of credit: avoidance credits |
Taibus Banner project in China:The project reduces carbon emissions by supplying clean electricity from wind power to the national grid. It stimulates the growth of renewable energy in a rural region which is otherwise mainly dependent on agriculture and stock farming. Learn more here. Project Certification Standard: GS VER and GS CER Type of credit: avoidance credits |
Tamil Nadu project in India:Thanks to funding from this project, a wind farm was built in the Madurai region which increases energy security, as well as the share of renewable energies in southern India. Learn more here. Project Certification Standard: Clean Development Mechanism (CDM) Type of credit: avoidance credits |
| The label requirements for Step 4 | |
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Best practice requirement:
To fund climate action in line with the company's scope 1-3 emissions.
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Minimum requirement: To fund climate action in line with the company's scope 1 & 2 emissions. |
For more information, read the 'Where does all this data come from' section at the bottom of the page.
Achievement: This company meets the best practice requirement for Step 5
Communication is important:
While it doesn't do anything to reduce the company's emissions, it does encourage people like you to vote with your wallet for the world you want, and for other companies to join in and improve their climate impact too.
So thanks for choosing this company, and thanks for following its Climate Journey. We all need to play our part, big or small, because all actions lead to change.
| The label requirements for Step 5 | |
|---|---|
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Best practice requirement: To allow the publication of all relevant information (accessible to the wider public via the label's QR code) to inform interested parties about the company's Climate Journey and to empower them to make purchasing decisions with their own values in mind. |
Minimum requirement: Only best practice acceptable. |
For more information, read the 'Where does all this data come from' section at the bottom of the page.
Find out more
Where does all this data come from? Information provided above is collected from various sources:
Still here? Let’s summarise…
Every company creates greenhouse gas emissions. With good planning and action, these can be reduced over time.
The company you have chosen is taking action to measure, set targets and reduce emissions. On top of that, it funds climate action projects that support climate action and sustainable development around the world. The company still has an impact on the climate, but that impact has been lessened and plans are in place to lessen it more over time.
Choosing companies with the South Pole Funding Climate Action label rewards companies that are working to help solve the climate crisis, something that is already affecting humanity now and will have an even bigger impact on future generations.