Kalmar Sets Ambitious Climate Goals for a Sustainable Future
Kalmar Corporation is making significant strides in sustainability by having its climate targets validated by the Science Based Targets initiative (SBTi). This noteworthy achievement marks a crucial milestone in Kalmar's journey towards achieving net-zero emissions by 2045. The validation ensures that Kalmar's strategies are aligned with the ambitions set forth in the Paris Agreement, particularly the vital commitment to limit global temperature rise to 1.5°C.
Commitment to Environmental Responsibility
By securing SBTi's endorsement, Kalmar reinforces its dedication to implementing actionable goals that contribute to a more sustainable business model. This commitment will not only facilitate the transition towards sustainable material handling processes in the industry but also support Kalmar's long-term vision for profitability intertwined with environmental stewardship.
Leadership Insights
Sami Niiranen, the President and CEO of Kalmar, highlighted the significance of this validation, stating, "The SBTi validation reflects our unwavering commitment towards sustainable practices and genuine, science-based actions. We aim to reduce emissions in our entire value chain, emphasizing the importance of collaboration with our customers and suppliers to drive innovation sustainably. "
Kalmar’s Science-Based Targets
Kalmar's outlined targets exemplify its strategic approach towards addressing climate change. The company has set both near-term and long-term goals that are crucial for the reduction of greenhouse gas (GHG) emissions:
Near-Term Objectives
- Kalmar Oyj aims to achieve a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2030, using 2023 as a baseline.
- Moreover, it plans to reduce absolute Scope 3 GHG emissions—covering categories such as purchased goods, upstream transportation, and the use of sold products—by 40% within the same period.
Long-Term Vision
- From 2030 onwards and continuing through 2045, Kalmar is committed to maintaining a minimum of 90% absolute reduction in Scope 1 and 2 GHG emissions based on the 2023 reference year.
- The company aspires to achieve a 90% reduction in absolute Scope 3 GHG emissions by 2045 from the same baseline year.
- Kalmar’s ultimate goal is to attain net-zero greenhouse gas emissions across its entire value chain by 2045.
The Role of Science Based Targets Initiative
The Science Based Targets initiative (SBTi) partners with various leading climate organizations, such as CDP, the UN Global Compact, WRI, and WWF. It plays a pivotal role in helping firms establish GHG emission reduction targets that align with current climate science and ambitious global goals.
Contact Information for Media Inquiries
For any media-related inquiries, Kalmar representatives are available for further information:
Päivi Koivisto, VP Sustainability, Kalmar, tel. +358 40 743 0306, paivi.koivisto@kalmarglobal.com
Nina Jähi, Communications Manager, Kalmar, tel. +358 40 519 3635, nina.jahi@kalmarglobal.com
About Kalmar Corporation
Kalmar (Nasdaq Helsinki: KALMAR) is dedicated to enhancing material handling in vital supply chains globally. The company’s mission is to be a leader in sustainable equipment and services for material handling. Kalmar provides a range of heavy material handling machinery and services to ports, terminals, distribution centers, manufacturing, and heavy logistics operations. Headquartered in Helsinki, Finland, Kalmar operates in more than 120 countries with around 5,200 employees, generating approximately EUR 1.7 billion in sales in 2024.
Frequently Asked Questions
What are Kalmar's main climate targets?
Kalmar aims to reduce absolute Scope 1 and 2 GHG emissions by 90% by 2030, along with a 40% reduction in Scope 3 emissions within the same period, and targets net-zero emissions by 2045.
Who validated Kalmar's climate targets?
The Science Based Targets initiative (SBTi) validated Kalmar's near- and long-term climate targets, ensuring they are aligned with the Paris Agreement's goals.
What is SBTi's role in Kalmar's sustainability efforts?
SBTi provides the framework for companies like Kalmar to set science-based climate goals, helping them align their emission reduction strategies with climate science.
How does Kalmar plan to achieve its emissions reduction goals?
Kalmar plans to achieve these goals through sustainable innovations and collaborations with customers and suppliers, addressing emissions throughout its entire value chain.
Where can I find more information about Kalmar?
For more information, you can visit Kalmar's official website at www.kalmarglobal.com.
