The Paris Agreement treaty, which was adopted in 2015, aims to limit global temperature rise to 1.5⁰C in the 21st century.
The Science Based Target initiative (SBTi), a partnership between CDP, World Resources Institute (WRI), the WWF, and the UN Global Compact which promotes best practice with regards to climate change, has reportedly validated Umicore’s 2030 targets to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 50% compared to the 2019 baseline, and target to reduce its Scope 3 by 42% of CO2 emitted per ton of its purchased materials. Scope 1 refers to direct emissions from Umicore’s operations on its sites worldwide, Scope 2 refers to the purchase of energy, and Scope 3 relates to emissions generated throughout the value chain.
“Umicore is a frontrunner and champion in sustainability and these science-based targets will further drive our actions to minimize the impact of our operations on the environment and maximize our positive contribution to society,” said Géraldine Nolens, Executive VP, ESG and chief legal counsel.
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