Aragen receives SBTi approval for its greenhouse gas emission reduction targets
Sustainability

Aragen receives SBTi approval for its greenhouse gas emission reduction targets

Aragen Life Sciences is the first Indian CRDMO to receive SBTi approval

  • By IPP Bureau | September 17, 2024

Aragen Life Sciences, a leading global provider of contract research, development, and manufacturing services for the life sciences industries announced that it has received approval from the UK based Science Based Targets initiative (SBTi) for its near-term and net-zero sustainability targets. SBTi has validated Aragen’s greenhouse gas emission reduction targets to conform with its criteria and recommendations, as outlined in Criteria version 5.1.

Aragen’s approved targets:

Overall Net-Zero Target: committed to achieving net-zero greenhouse gas emissions across its value chain by FY2050

Near-Term Targets: Reducing absolute Scope 1, 2 and 3 GHG emissions by 50.4% by FY2033 (base year FY2023)

Long-Term Targets: Reducing absolute Scope 1, 2, and 3 GHG emissions by 90% by FY2050 (base year FY2023)

Commenting on the approval, Manni Kantipudi, CEO, Aragen Life Sciences said, "This validation by the SBTi is more than just a recognition of our efforts; it is a critical step forward in our sustainability journey. These targets underscore our dedication to innovation, collaboration, and transparency in a holistic manner, while ensuring sustainability measures are in place as we work with the 400+ customers globally. We are determined to make a meaningful and measurable impact in our fight against climate change."

Shivaji Jadhav, VP & Head, EHS & Sustainability at Aragen added, “This approval is an endorsement of the rigorous efforts we’ve put into our sustainability initiatives. It underscores our responsibility to our planet and reinforces our commitment to leading by example in the industry.”

The SBTi targets provide a scientifically backed framework for reducing greenhouse gas emissions, in line with the 2015 Paris agreement.

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