Elanders raises climate ambitions

Core Points - Elanders has submitted its climate targets to the Science Based Targets initiative (SBTi) for validation and approval, committing to significant reductions in greenhouse gas emissions [1][3] - The company aims to reduce its own operational emissions (scope 1 and 2) by 50% by 2030 from a 2021 baseline, and reduce value chain emissions (scope 3) by 25% by 2030 from a 2022 baseline [1][2] - Elanders has achieved a 23% reduction in its own operational emissions since 2021 and a 12% reduction in value chain emissions since 2022 [2] Initiatives and Goals - To meet its climate targets, Elanders is focusing on transitioning to renewable energy, utilizing circular materials, improving energy efficiency, and moving towards fossil-free vehicles [2] - The long-term goal for Elanders is to achieve net-zero emissions across all scopes by 2050 [1] SBTi Validation - The Science Based Targets initiative is a global initiative that helps organizations set science-based climate targets aligned with the Paris Agreement to limit global warming to a maximum of 1.5 degrees [4] - Validation by SBTi ensures that the climate targets are independently reviewed and scientifically based, enhancing transparency and credibility [4]