Beijer Alma : science based emissions targets approved by SBTi
June 03, 2024 at 08:05 am EDT
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2024-06-03 | News
Beijer Alma's science based emissions targets approved by SBTi
Beijer Alma's Scope 1, 2 and 3 emissions targets have been validated by the Science Based Targets initiative (SBTi). This validation confirms that the Group's targets are in line with climate research and the goals of the Paris Agreement.
Beijer Almas utsläppsmål för Scope 1, 2 och 3 har validerats av initiativet Science Based Targets (SBTi). Denna validering bekräftar att koncernens mål är i linje med klimatforskningen och målen i Parisavtalet.
Beijer Alma has committed to reducing its absolute greenhouse gas (GHG) emissions in Scope 1 and 2 by 42 percent by 2030, compared to the base year of 2022*. The Group also has a target to reduce emissions along the value chain, focusing primarily on the carbon footprint of raw materials and transportation. The goal is to reduce Scope 3 GHG emissions by 52 percent per SEK of added value by 2030, compared to the base year of 2022.
Increased trustworthiness
"Validation from the SBTi is very important for Beijer Alma. We have already significantly reduced our emissions, but through the SBTi's framework for measurement, reporting and verification, we are now taking more responsibility and increasing the trustworthiness of our climate work," says Henrik Perbeck, President and CEO of Beijer Alma.
"Science based sustainability targets are essential for guiding the company towards a future that is financially successful as well as environmentally sustainable. Focusing our operations on alternatives with a lower carbon footprint across the entire value chain makes us more competitive. At the same time, we support our customers' efforts to become more sustainable," says Anna Haesert, Chief Sustainability Officer.
The SBTi, the official body for setting climate targets, is a collaboration between CDP, the UN Global Compact, the World Resources Institute and the World Wide Fund for Nature. SBTi is also a member of the We Mean Business Coalition. The SBTi defines and promotes best practice in formulating science based targets, provides resources and guidance to reduce barriers to adoption, and independently assesses and approves companies' targets.
* The limit in the target includes land-based emissions and the extraction of raw materials for bioenergy.
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Beijer Alma AB is a Sweden-based company engaged in the production of components and industrial trading. Its business concept is to acquire, own and develop small and medium-sized companies with growth potential. Its operations are conducted by the subsidiaries focused on industrial customers. Lesjofors is an international supplier of industrial springs, wire and flat strip components. Habia Cable is a manufacturer and marketer of cables and cable systems for demanding applications, such as mobile telecommunication, defense, nuclear power and infrastructure. Beijer Tech is a company focused on industrial trading within the areas of hoses, fittings, rubber sheeting, wear protection, power transmission and surface treatment, as well as foundry, steelworks and smelters. The Company has approximately 40 subsidiaries active in Denmark, Norway, Finland, the United Kingdom, Germany, Latvia, China, Russia, Slovakia, the Netherlands, the United States, France and Poland.
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