In an era where rapid and significant decarbonization is not just ideal but necessary, the global consensus underscores the need to halve emissions by 2030 and reach net-zero by 2050 to mitigate climate change effectively. The Science Based Targets Initiative (SBTi) stands at the forefront of this ambition, providing a robust framework for setting and validating corporate emission reduction targets aligned with the latest climate science.
Normec is at the vanguard of this transformative movement. We're proud to share that our commitment to environmental stewardship has taken a significant leap forward with the SBTi's recent endorsement of our near-term targets. These ambitions align with the stringent criteria necessary to keep global warming to 1.5°C above pre-industrial levels, demonstrating our proactive stance in the fight against climate change.
Understanding the critical role we play in this global effort, Normec has set forth ambitious, science-based targets to significantly reduce our carbon footprint across all scopes of emissions:
Scope 1 and 2 Emissions: We pledge to cut our absolute Scope 1 and 2 GHG emissions by 42% by 2030, using 2022 as our baseline year. This commitment reflects our dedication to directly addressing the emissions from our operations and the energy we consume.
Renewable Electricity: Transitioning to green energy is pivotal in our decarbonization journey. By 2030, Normec aims to source 100% of our electricity from renewable resources, up from 10% in 2022. This transition underscores our belief in and support for a sustainable energy future.
Scope 3 Emissions: Recognizing the extensive impact of our value chain, we commit to a 52% reduction in Scope 3 GHG emissions per EUR value added by 2030 from a 2022 base year. This ambitious target encompasses a comprehensive approach to reducing indirect emissions, including those from purchased goods and services, business travel, and employee commuting.
At Normec, our SBTi commitments are more than just numbers—they are a testament to our unwavering resolve to lead by example in the global transition to a sustainable future. Through innovation, strategic partnerships, and a relentless focus on sustainability, we are dedicated to not only achieving these targets but also inspiring others in our industry to follow suit.
As we embark on this critical journey, we invite our stakeholders, partners, and clients to join us in creating a more sustainable and resilient world. Together, we can make a meaningful difference for future generations.
