Recently, the greenhouse gas (GHG) emissions reduction targets of Kingdom Holdings Limited have been formally validated by the Science Based Targets initiative (SBTi), the global environmental authority. This makes Kingdom Holdings the first enterprise within China’s linen&hemp textile industry to have science-based targets approved. This validation signifies that Kingdom Holdings’ climate strategy aligns with the goals of the Paris Agreement to limit global warming to well below 2°C, preferably to 1.5°C, above pre-industrial levels, demonstrating the company’s steadfast commitment to achieving a sustainable future.

According to the targets approved by SBTi, Kingdom Holdings has established a clear and ambitious decarbonization pathway:

Overall Net-Zero Target: KINGDOM HOLDINGS LIMITED commits to reach net-zero greenhouse gas emissions across the value chain by 2050.

Near-Term Targets: KINGDOM HOLDINGS LIMITED commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2022 base year. KINGDOM HOLDINGS LIMITED also commits to reduce absolute scope 3 GHG emissions 25% within the same timeframe.

Long-Tem Targets: KINGDOM HOLDINGS LIMITED commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2022 base year. KINGDOM HOLDINGS LIMITED also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.

Achieving SBTi validation is a significant milestone in Kingdom Holdings’ sustainability journey. Given the urgency of the climate challenge, setting science-based emissions reduction targets is not only an environmental responsibility but also core to long-term business resilience and competitiveness. Kingdom Holdings pledges to invest the necessary resources, collaborate closely with value chain partners, and steadfastly advance these targets to contribute substantively to global climate action.

In recent years, Kingdom Holdings has made progress in energy conservation, emissions reduction, and enhancing energy efficiency. The approval of SBTi targets provides a scientific framework and clear direction for the company’s future decarbonization efforts. Achieving these goals will require systemic transformation. Kingdom Holdings plans to implement its emissions reduction actions through continuous technological innovation, operational optimization, green procurement strategies, and deep collaboration with suppliers and customers.

As a significant player in the industry, Kingdom Holdings’ establishment and approval of science-based targets not only elevates its own sustainability standards but also sets clear expectations for upstream and downstream partners in the industrial chain. This initiative is expected to catalyze the entire industry’s transition towards low-carbon operations, collectively advancing towards a net-zero future.