Kingspan sets science-based emissions targets
Building materials company Kingspan Group has set new carbon reduction commitments under the Science Based Targets Initiative (SBTi) to reduce emissions by 10% reduction by 2025.
Kingspan has committed to reducing emissions by 10% by 2025 against a baseline year of 2017. The Group has also committed to reducing absolute emissions from purchased goods and services, business travel, transport and distribution and end-of-life treatment of sold products by 10% in the same timeframe.
“At Kingspan, we are dedicated to sustainable business practice, from our products to our processes and our people, which is why we are delighted to sign up to the Science Based Targets Initiative,” Kingspan’s chief executive Gene Murtagh said. “This provides measurable targets for our business to achieve and will ensure that we continue to match our words with actions that make a real difference.”
Kingspan has already implemented a variety of measures to lower its carbon intensity and environmental footprint. In 2917, Kingspan sourced 69% of its total energy needs from renewables, including 35.4GWh of onsite clean energy.
The Group is “on target” to reach a “Net Zero Energy” status by 2020 and has reduced the carbon intensity of its operations by 77% to date. In fact, Kingspan has been awarded a spot on CDP’s Climate A List for the last two years.
Overall, 480 companies from 38 countries have committed to set an approved science-based target in line with either a 2C trajectory – or a more ambitious 1.5C trajectory.
As global megatrends such as population growth and climate change continue to add pressures to society business operates in, climate challenges have spurred more than 130 companies, including L’Oreal, Ikea and Target, to set SBTI-verified goals aligning to 2C.
edie’s science-based targets webinar
Companies seeking to investigate or commit to science-based targets are invited to tune into edie’s free webinar, taking place 18 October.
This webinar will cut through the complexity and provide you with the answers to key questions, by hearing from leading businesses and science-based targets experts to map out exactly how science-based targets can be used to future-proof growth. Speakers include experts from The Prince of Wales’s Corporate Leaders Group, BT and Capgemini.