Sustainability Targets
Our commitment to a sustainable future
Our Carbon Business Strategy and Roadmap to Reduce GHG emissions
Our Carbon Business Strategy has a long-term horizon and aims to reduce GHG emissions while growing the Company. It is guided by the following strategic pillars:
- Carbon Operational Excellence in own operations
- Energy Transition to Renewable Energy
- Innovation
- Value Chain Collaboration focusing indirect GHG emission
Results
We achieved a 19% reduction in total absolute Scopes 1 and 2 GHG emissions between 2019 and 2024. A notable contributor was our shift towards electricity from renewable sources up from 42% in the previous year to 48% of our total electricity consumption (compared to 36% in 2019), and up from 32% from the previous year to 35% of total energy, including steam, coming from renewable sources (compared to 30% in 2019).
Our pathway to meet our 2030 GHG targets
In line with much of 2024 progress, the key driver is transitioning to renewable electricity, investing in long-term PPAs, and other renewable energy programs to lower our Scope 2 emissions, including energy attribute certificates. Additionally, we continue exploring capital-efficient projects to decrease Scope 1 emissions at our sites, including equipment upgrades or replacements and design enhancements such as pre-heating, pressure, and temperature optimizations, and using lower carbon fuel in steam boilers.
Our plan to achieve our waste and freshwater targets
- Water: Our manufacturing sites initiate measures to improve water management by reducing water use or using alternative water sources.
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Waste: We remain committed to achieving our 2030 total waste intensity target. Approximately 50% of our sites successfully reduced their waste intensity by finding alternative uses for waste streams and effectively converting waste into by-products.
