Industrial thread maker Coats has committed to set science-based emissions reduction targets, across the entire value chain, that are consistent with keeping global warming to 1.5 degrees Celsius above pre-industrial levels.

It also pledged a long-term target to reach net-zero emissions by 2050, the highest level of ambition on climate under the Science Based Target initiative (SBTi).

"A key part of the Coats company purpose is to make a better and more sustainable world. We have already laid out an ambitious set of targets in our sustainability strategy. Making commitments like this to address our emissions builds on our sustainability strategy and demonstrates our resolve to be a role model and catalyst for change in the area of climate change," said group chief executive Rajiv Sharma.

Coats joins a growing group of leading companies that are paving the way to a net-zero future under the Business Ambition for 1.5 degrees Celsius call to action.

Science-based targets provide companies with a clearly defined pathway to reduce their greenhouse gas emissions, thus helping to prevent the worst expected impacts of climate change while future-proofing business growth. SBTi defines and promotes best practice in science-based target setting and independently assesses and approves companies' targets. It is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

Sanda Ojiambo, CEO and executive director of the UN Global Compact, one of the SBTi partners, said: "The climate emergency has led CEOs to act urgently and decisively to set science-based emissions reduction targets for their companies in line with a 1.5 degrees Celsius pathway. The movement to transition to a net-zero economy by 2050 is also growing rapidly, and we call on all business leaders to adopt concrete plans to realise this goal."

Coats launched its new sustainability strategy in 2019 when it set out seven ambitious targets for 2022 across five priority areas in order to accelerate the company's progress towards a more sustainable future.

Coats joining the SBTi follows on from it joining the Ellen MacArthur Foundation last month.