Fangda Partners is pleased to announce that the firm has officially participated in the Science Based Targets initiative (SBTi) and has committed to set near-term firm-wide targets in line with climate science. This positions Fangda as the first Chinese law firm to commit to the SBTi by following the corporate validation route, marking a significant milestone on its path toward sustainable development
Michael HAN, Chairman of the Management Committee of Fangda Partners, says, “As a fullservice Chinese law firm, Fangda places great importance on environmental, social and governance (ESG), viewing ESG as core drivers of our long-term growth. Our decision to join SBTi aligns with China’s strategic initiatives on carbon peaking and carbon neutrality. This reflects our commitment to green and sustainable development and represents Fangda’s steadfast commitment to respond to climate change alongside our clients.”
Fangda has implemented various measures to support emissions reduction and enhance sustainability, including encouraging green lifestyles and office practices among employees, promoting green public welfare activities, prioritizing environmentally friendly buildings and workspaces, and actively participating in the EcoVadis Ratings and others. While setting a sciencebased target, Fangda plans to further refine its focus on key emissions reduction initiatives, adopting practical steps to lead the Chinese legal services industry toward low-carbon development.
Fangda aims to set near-term science-based targets and submits them to the SBTi for validation by the end of 2025.
Founded in 2015 by the World Wide Fund for Nature (WWF), CDP, World Resources Institute (WRI), and the United Nations Global Compact, SBTi is a global initiative that helps companies establish science-based emissions reduction targets aligned with 1.5°C decarbonization pathways. It strives to make setting science-based emissions reduction targets a world-wide standard business practice.