Zumtobel | Science Based Targets Initiative | Business
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May 30, 2023
Zumtobel Group Commits to the Science Based Targets Initiative
The Zumtobel Group is committed to the goals of the Paris Climate Agreement and has, for this purpose, joined the Science Based Targets initiative (SBTi). Together with over 4,000 participating companies worldwide, this initiative aims to contribute to limiting global warming to 1.5°C on the basis of science-based, individual targets. The Austrian lighting group is hereby committed to reducing CO2 emissions along the entire value chain in line with science-based net-zero targets.
Further reduction of CO2 emissions
With the aim of achieving climate neutrality in Scope 1 & 2, the Zumtobel Group has been able to halve their CO2 emissions since 2021. Joining the Science Based Targets initiative involves the development of a roadmap that also includes the reduction of upstream and downstream Scope 3 emissions. These account for the majority of emissions along the value chain, including emissions related to purchased materials and energy consumption during the products' use. During the next step, a reduction plan is developed and submitted to the Science Based Targets initiative for validation.
With the aim of achieving climate neutrality in Scope 1 & 2, the Zumtobel Group has been able to halve their CO2 emissions since 2021. Joining the Science Based Targets initiative involves the development of a roadmap that also includes the reduction of upstream and downstream Scope 3 emissions. These account for the majority of emissions along the value chain, including emissions related to purchased materials and energy consumption during the products' use. During the next step, a reduction plan is developed and submitted to the Science Based Targets initiative for validation.
"Joining the Science Based Targets initiative is a big step. We are taking responsibility for emissions that go beyond our own production: Reducing upstream and downstream emissions is now also part of our sustainability goals and will not only accompany us over the next few years, but guide us. Transformation and innovation will be essential building blocks on the way to net-zero."
— Alfred Felder, CEO of the Zumtobel Group
"Now more than ever, we are well aware that we do not only want to act within our immediate control. We want to work with our partners, customers and suppliers to further reduce CO2 emissions – only by working together we can move towards a sustainable future."
— Sebastian Gann, Group Sustainability Director
About the Science Based Targets initiative
The Science Based Targets initiative has developed the first global standard that provides science-based targets to help companies make the Net-Zero Standard tangible. Step by step, companies can use these targets to decarbonise their core business and take responsibility for a fair share of emission reductions. SBTi assesses and approves companies' targets according to its own independent and strict criteria. More than 4,000 companies worldwide are already working with the initiative to limit global warming to below 1.5°C.
The Science Based Targets initiative has developed the first global standard that provides science-based targets to help companies make the Net-Zero Standard tangible. Step by step, companies can use these targets to decarbonise their core business and take responsibility for a fair share of emission reductions. SBTi assesses and approves companies' targets according to its own independent and strict criteria. More than 4,000 companies worldwide are already working with the initiative to limit global warming to below 1.5°C.
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