As a responsible company, we have long been committed to do our part for a better and more sustainable future. That’s why we always keep an eye on the environmental impact of our business activities and products. As part of our sustainability agenda, we are also committed to become carbon-neutral, by strategically reducing emissions from our own operations, thus limiting potential negative effects in the long term.
Even though we have already taken many steps to reduce our carbon footprint, including transitioning to renewable energy sources and investing in efficient production technologies, we also know that more needs to be done. That's why we are committed to reducing scope 1, 2 and 3 emissions, and then responsibly off-setting any remaining emissions. We are also working with our suppliers and customers to help them reduce their emissions.
Siegwerk has had its science-based climate targets validated by the Science Based Targets initiative (SBTi). Siegwerk joined the initiative with a commitment letter in 2022, and has set near- and long-term company-wide emission reductions in line with science-based net-zero with the SBTi.
Our targets are:
Overall net zero target: Siegwerk commits to reach net-zero greenhouse gas emissions across the value chain by 2050.
Near-term targets: Siegwerk commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2020 base year.* Siegwerk also commits to increase active annual sourcing of renewable electricity from 0% in 2020 to 100% by 2025, and to continue active annual sourcing of 100% renewable electricity through 2030. Siegwerk further commits to reduce absolute scope 3 GHG emissions from purchased goods and services 25% by 2030 from a 2020 base year.
Long-term target: Siegwerk commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2020 base year.* Siegwerk also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.
More information about SBTi and the science-based target methodology is available at: https://sciencebasedtargets.org/companies-taking-action
*The target boundary includes biogenic land-related emissions and removals from bioenergy