Sibelco announces ambitious carbon emissions reduction target
Global minerals company, Sibelco, today unveiled its target to reduce Scope 1-2 emissions intensity (tonnes CO2 / revenue) by 5% per year from 2021 to 2030, cumulatively 37%. This target is in line with best practices promoted by the Science Based Targets initiative (SBTi).
An additional target for scope 3 emissions will be confirmed in 2022 after further consultation with customers and suppliers.
The 5% per year scope 1-2 intensity reduction target is one of the toughest set to date by any business in the industrial minerals sector. Sibelco will invest approximately €90 million in new technologies and operational excellence initiatives over the next nine years to support its goal.
Commenting on the new target, Sibelco CEO, Hilmar Rode said:
“Sibelco is committed to supporting the world’s transition to a zero-carbon economy. The ambitious target we have set ourselves for scope 1-2 emissions, and will next year set for scope 3, is central to our overall sustainability strategy and we will work closely with all stakeholders to achieve our goal.”
By setting this ambitious reduction target, Sibelco is demonstrating its commitment to the zero-carbon transition aligned with the Paris Agreement and its goal to limit global warming to well below 2°C compared to pre-industrial levels.