Science-based Targets Initiative (SBTi) and StorMagic
As of January 2025, StorMagic gained approval for its greenhouse gas emission reduction target from the Science-Based Targets initiative (SBTi). This marks a significant milestone in our environmental strategy and reinforces our commitment to the global effort to combat climate change.
Our Science-based Targets
Maintain zero scope 1 and scope 2 emissions through 2034
Measure and reduce our scope 3 emissions from a 2023 base year
Our Commitments
To meet these targets, we rely entirely on 100% renewable energy for all our direct energy needs. We also engage closely with suppliers and customers to measure and reduce their emissions, creating a broader impact across the value chain.
Benefits For Our Customers
Our commitment to the SBTi delivers clear value for our customers:
Responsible Partnerships
We collaborate with suppliers who share our sustainability standards. This ensures a consistent, environmentally responsible supply chain from development through delivery.
Transparency and Accountability
By aligning with the SBTi, we commit to measurable progress. We will regularly report our emissions data and the steps we take to meet our goals.
What is the SBTi?
The Science-Based Targets initiative (SBTi) helps businesses set emission reduction targets grounded in climate science. Its mission supports the goals of the Paris Agreement to limit global warming to well below 2°C and pursue efforts to limit warming to 1.5°C. SBTi provides companies with a defined framework to reduce emissions while ensuring targets remain rigorous and credible.