News: Chemonics Setting Science-Based Greenhouse Gas Emissions Reduction Targets

Chemonics is committed to confronting the climate crisis by reducing greenhouse gas (GHG) emissions across its global operations. Today, Chemonics announces that it has joined the Business Ambition for 1.5°C Campaign and has committed to setting emissions reduction targets in line with the goals of the Paris Agreement.

Chemonics joins the world’s largest and fastest-growing group of companies that have publicly committed to setting targets aligned with the SBTi Net-Zero Framework and achieving net zero emissions no later than 2050.

“By establishing corporate NetZero targets, we’re ready to get to work with our milestones,” said Chemonics’ Executive Vice President Anna Slother. “Climate change is one of the most urgent challenges we face, and Chemonics is committed to addressing this in all aspects of our work.”

This commitment is the next step in Chemonics’ long-standing work to improving climate resilience through our activities around the globe. Chemonics has extensive experience supporting governments, communities, and businesses using inclusive, climate-resilient development principles. Implementing USAID projects such as the Natural Wealth Program in Colombia, Global Adaptation Thought Leadership and Assessments (ATLAS), and the Bangladesh Ecosystems/Protibesh Activity (Protibesh), Chemonics has supported locally led, climate resilient natural resource management, assessed risks to economic growth and social development posed by climate change, and implemented adaptation measures to respond to these risks.

“As we continue to account for and reduce our greenhouse gas emissions in line with the science-based targets established by the Paris Agreement, we are committed to reaching Net Zero emissions for our global operations by 2040, setting the same standard for climate resilient economic growth and social development that we help public and private partners attain in our work throughout the developing world,” said Chris Perine, Managing Director of Chemonics’ Climate Group.

The Science Based Targets initiative, a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), is a global body dedicated to helping businesses set credible emissions reductions targets in line with the latest climate science. In 2023, Chemonics will develop near- and long-term emissions reduction targets and submit the targets to SBTi for validation. Upon approval, the validated targets will be published, and annual emissions reduction progress will be disclosed publicly through CDP, the global leader for corporate environmental reporting. By deepening its commitment to environmental sustainability and ambitious climate action, Chemonics continues its mission to create meaningful change around the world.