Science-Based Targets
SBTi Corporate Net-Zero Standard V2.0 · 5-step guided target setting
Meridian Manufacturing Ltd. is SBTi-Committed
Commitment submitted April 2024. Near-term and long-term targets under validation. Expected validation: Q3 2025. Pathway: 1.5°C-aligned (absolute contraction).
Near-term Target
−42%
Scope 1+2 by 2030 vs 2021
SBTi 1.5°C aligned
Long-term Target
Net Zero
by 2045 (5yr ahead of SBTi)
+5yr ahead of deadline
Scope 3 Target
−30%
by 2030 vs 2021 baseline
Base Year S1+S2
40,500
tCO₂e combined
Emission Reduction Required by 2030 (Scope 1+2)
42% of the way to net zero by 2045
5-Step SBTi Target Setting — Progress
Commit
Commitment letter signed and submitted to SBTi, April 2024
Develop targets
1.5°C absolute contraction pathway selected. Targets drafted.
Submit for validation
Submitted to SBTi validation queue. Response expected Q3 2025.
Announce targets
Public announcement on company website and CDP submission.
Report annually
Annual GHG inventory + progress against near-term targets.
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