We are committed to combating climate change and reducing climate emissions through both global and local efforts. In 2019, we introduced two climate commitments as part of our renewed strategy. Since we also need to commit to reducing the direct climate impact of our own activities, we refined our second target again in 2020. In October 2021, we also set a concrete target for Scope 3 emissions. Our climate commitments are:
- reduce customers' greenhouse gas (GHG) emissions with our renewable and circular solutions by at least 20 million tons of CO2 eq annually by 2030,
- reach carbon neutral production by 2035,
- and reduce the use phase emission intensity of sold products by 50% by 2040 compared to 2020 levels, and work with suppliers and partners to reduce emissions across the value chain (Scope 3).
We also continuously identify, analyze, and measure the financial implications of climate change for our business. In 2019, we committed to applying the Task Force on Climate-related Financial Disclosures (TCFD) reporting principles to disclose climate-related financial risks in future reporting.
Read more about our carbon handprint.
Read more about our carbon footprint.