In this webinar, Greg Simmons - Director of Sustainable Product Development at Moose Toys and Nicky Andrews, our Principal Sustainability Specialist share what it takes to set science-based targets, from building internal buy-in to navigating complex supply chains.
They also explore how new standards from the Science Based Targets initiative (SBTi) are raising the bar, and what your organisation needs to know to stay ahead.
Watch the webinar replay, or scroll down for a summary
Here’s what we learned.
Greg’s main takeaways
Moose Toys is taking a structured approach to sustainability, built around three pillars: cutting emissions to reach net zero by 2040, reducing product and packaging impacts through circular design, and giving back to nature through initiatives like reforestation.
Big goals take commitment: Moose’s science-based target journey was long and complex. A clear framework and the right partners helped get it over the line.
Sustainability is no longer optional: Alongside growing pressure from customers and licensors, Moose is now legally required to measure and report emissions across its operations and supply chain.
The next step is supply chain collaboration: With scope 3 emissions making up the bulk of Moose’s footprint, working closely with long-standing suppliers is essential for further progress.
Nicky’s advice: what you need to know about SBTi 2.0
The Science Based Targets initiative is revising its Corporate Net-Zero Standard. If you’re planning to set or revalidate targets in the next few years, here’s what’s changing:
More ambition, more transparency: Targets must be more granular and robust, with separate scope 1 and 2 targets, dual market- and location-based scope 2 accounting, and stricter scope 3 requirements for most Australian and New Zealand businesses.
Shorter timelines: Scope 2 targets must now be met by 2040 (not 2050).
More rigour: Expect mandatory transition plans, limited assurance of emissions inventories and revalidation every five years.
Even if you’re still using the current standard (v1.2), now’s the time to start planning for what’s ahead.
“Don’t just set a target you can’t achieve. You need to know how you’ll get there and be ready to show it.” – Nicky