Elanders' Commitment to Climate Action
Elanders has taken a significant step by submitting its climate targets to the Science Based Targets initiative (SBTi) for validation and approval. This initiative signifies a commitment to set high standards in corporate climate responsibility.
Ambitious Climate Targets
The company has committed to reducing greenhouse gas emissions by 50 percent in its own operations (scope 1 and 2) by 2030, using 2021 as a baseline year. In addition, emissions within its value chain (scope 3) are targeted for a reduction of 25 percent by 2030, compared to the base year 2022. Looking ahead, Elanders has set a long-term goal to achieve net-zero emissions across all scopes by 2050.
Progress Towards Reductions
Since 2021, Elanders has successfully reduced greenhouse gas emissions in its operations by 23 percent. Moreover, emissions within the value chain have seen a decrease of 12 percent since 2022. The company's strategy to reach these climate targets involves initiatives focused on transitioning to renewable energy, implementing circular materials, enhancing energy efficiency, and moving towards fossil-free vehicles.
Leadership Perspective
Magnus Nilsson, CEO and President of Elanders Group, expressed pride in the new climate targets, stating, 'We are proud to present our revised climate targets and that we have submitted them for validation to SBTi. This is an important step in our efforts to reduce our climate impact and build a more sustainable business.'
The Role of SBTi
The Science Based Targets initiative serves as a global support system for companies to establish science-based climate targets that align with the Paris Agreement's aim to limit global warming to a maximum of 1.5 degrees. Achieving validation from SBTi confirms that these targets are scientifically grounded and independently reviewed, lending both transparency and credibility to Elanders' efforts.
Contact Information for Further Inquiry
For more details regarding Elanders’ climate initiatives, interested parties can reach out to:
Magnus Nilsson, President and CEO, telephone: +46 31 750 07 50
John Nyberg, Director Group Sustainability, telephone: +46 31 750 07 50
Frequently Asked Questions
What are Elanders' new climate targets?
Elanders aims to reduce scope 1 and 2 greenhouse gas emissions by 50% by 2030 and scope 3 emissions by 25% by the same year.
How has Elanders performed in terms of emissions reductions?
Since 2021, Elanders has achieved a 23% reduction in its operations and a 12% reduction in its value chain emissions.
What is the long-term goal for Elanders regarding emissions?
The long-term goal is to achieve net-zero emissions across all scopes by 2050.
What does validation from SBTi signify?
Validation by SBTi signifies that Elanders' climate targets are scientifically based and independently reviewed, ensuring transparency and credibility.
Who can be contacted for more information about Elanders' climate initiatives?
Magnus Nilsson, President and CEO, and John Nyberg, Director Group Sustainability, are available for inquiries.
