Apraava Energy announced that it has received approval from the Science Based Targets initiative (SBTi) on its decarbonisation target. Apraava Energy is among a handful of players in India’s power sector to have set emission reduction targets under the SBTi, and only the second Indian power company to have had its targets validated. Apraava aims to reduce its Scope 1 and Scope 2 greenhouse gases (GHG) emissions intensity (tCO2e/MWh) by 46.3 per cent by 2027 as compared to the base year of 2022. The SBTi’s validation team has determined that Apraava’s target is in line with the 1.5ºC trajectory outlined in the Paris Agreement.
The SBTi mobilises companies to set science‐based targets and boost their competitive advantage amidst the transition to a low‐carbon economy. It drives climate action in line with the Paris Agreement goals of limiting global warming to well below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C.