Perstorp announced that its greenhouse gas emissions reduction targets have been approved by the Science Based Targets initiative.
Perstorp Group has announced that its greenhouse gas emissions reduction targets have been approved by the Science Based Targets initiative (SBTi), a collaboration between CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), which defines and promotes best practices in science-based goal setting.
This means that the greenhouse gas emission targets of Perstorp's activities (Scope 1 and 2) are consistent with the levels required to achieve the goals of the 2015 Paris Agreement. Perstorp will strive to reduce absolute Scope 1 and 2 GHG emission by 46.2% by 2030 compared to 2019; while Scope 3
greenhouse gas emissions, ie those generated directly by the company's operations, will be reduced by 27.8% per ton of product sold within the same period of time.
Achieving these goals means looking at every aspect of the company to identify possible ways to limit the negative impact on the climate.
“Perstorp has a mission to be the sustainable solutions provider,” says Jan Secher, Perstorp Group CEO. “A part of this is setting targets to reduce the impact within various areas, including carbon emissions. Perstorp wants to actively participate in the transition of the chemical industry, and we are convinced that this will also create value and new business opportunities. We have the possibility to make a great positive impact, by driving change, transforming our production, and enabling new solutions that will help our customers providing sustainable products and offerings to the market. This is our commitment, and aligning with the Paris Agreement is a natural consequence of this.”
Furthermore, since last December Perstorp has taken an important step towards reducing greenhouse gas emissions as it has begun to apply Internal Carbon Pricing for Scope 1, 2 and 3. It is a way to future proof a company by helping to drive investments which improves sustainability and reduce CO2 emissions.
“Reaching our science-based targets will require big efforts, including reducing energy consumption at our production sites and shifting to renewable or recycled energy and raw materials sources,” says Anna Berggren, VP Sustainability at Perstorp Group. “The investments and decisions we make today will generate emissions in the long future. Therefore, the informed decisions we make need to take this risk factor into account to support our journey towards our targets in 2030 and beyond. Internal Carbon Pricing is one very concrete way to implement sustainability aspects into our financial decision-making process.”.