Space Matrix commits net zero emission reduction goals by 2050 through SBTi

New Delhi: Space Matrix, a leading multinational workplace design on Tuesday announced the validation of its climate targets by the Science Based Targets initiative (SBTi).

“This marks a significant milestone in the company’s commitment to sustainability and corporate decarbonization,” company said in a statement.

The Science Based Targets initiative, a collaboration between CDP (formerly Carbon Disclosure Project), the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), validates corporate climate targets.

The idea is to ensure they are in line with the objectives of the Paris Agreement and the goal of limiting global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C.

“Space Matrix has committed to significant reductions in company-wide emissions as part of the SBTi’s global initiative for ambitious corporate decarbonization. This underscores the firm’s unwavering commitment to the well-being of the planet, a core principle deeply ingrained in its corporate philosophy” it said.

Speaking about this, Akshay Lakhanpal,CEO India, Space Matrix, said, “We are delighted to have our climate targets officially recognized by the Science Based Targets initiative (SBTi). In line with the latest climate science, instead of sustainability commitment, Space Matrix has set ambitious near-term emission reduction goals through SBTi, further advancing our mission to create a better world at work.

“We acknowledge the urgency of addressing climate change and fully embrace our responsibility as a global organization. This achievement serves as a testament to our overarching vision and purpose, which are deeply intertwined with the company’s essence” he added.

As a dynamic and agile 21st-century design consultancy specializing in workplace design, Space Matrix maintains a distinctive client-centric approach that delivers profitable, sustainable, and future-ready solutions. With a global workforce of over 600 professionals, the firm continuously pushes boundaries in transforming workspaces.

“Space Matrix is committed to an ongoing journey of reducing emissions and fostering sustainable practices across all facets of its operations, projects, and supply chain” it said.