Pursuing efforts to limit global warmingApril 06, 2022
Sulzer commits to the Science Based Targets initiative (SBTi) Net-Zero Standard
The Science Based Target initiative (SBTi) defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets. Those targets need to be line with the goals of the Paris Agreement – to pursue efforts to limit global warming to 1.5°C.
Become carbon neutral by 2050
Last year we launched the Sustainable Sulzer strategy with the target to minimize our carbon footprint by 30% by 2030 and to become carbon neutral by 2050 and now we reinforce our approach with the official commitment to the SBTi. We want to challenge ourselves to further reduce emissions from our own operations and in our wider value chain, since we believe doing this is right for the world and for our business. We have a responsibility, and a shared interest, to minimize our own carbon emissions and to enable a low carbon society to create a better future for our planet.
19% reduction of net carbon emissions
Most of the Sulzer CO2 emissions come from the electricity that is used in our factories and business environment. Since the launch of our Sustainable Sulzer strategy, several plants have already addressed this issue by purchasing electricity with a lower carbon content, moving away from the most polluting sources (coal and fuel). This led to an encouraging 19% reduction of our net carbon emissions.
To further build on this great momentum in 2022 we will focus on:
- having all manufacturing units phasing out the use of fossil fuel electricity
- deepen our understanding on emissions related to our supply chain and our products to design actionable plans that will help lower them
- continue driving initiatives and energy audits to lower emissions from our production processes.
The next step after this official commitment is to get our science-based targets validated by the SBTi.
About the Science Based Target initiative
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments.