Hempel’s goal to halve GHG emissions across its value chain by 2030 endorsed


(Courtesy of Hempel)

The world’s largest coatings manufacturer, Hempel, has announced that the company’s science targets are approved as meeting the levels required to meet the Paris Agreement targets.

Hempel has had its emissions reduction targets endorsed by the Science Based Targets initiative (SBTi).

The targets covering greenhouse gas emissions from Hempel’s operations (scopes 1 and 2) are consistent with the reductions needed to keep warming to 1.5°C, which the latest climate science has told us is needed. to prevent the most damaging effects of climate change.

Hempel’s target for its value chain emissions (scope 3) meets the SBTi criteria for ambitious value chain targets, meaning they are in line with current best practice. The objectives are:

  • Hempel A/S is committed to reducing absolute scope 1 and scope 2 GHG emissions by 90% by 2026 compared to the base year 2019. This target is based on emissions from scopes application 1 and 2, which relate to energy consumption in Hempel’s own operations, such as powering its premises, and its fleet of company vehicles around the world.
  • Hempel A/S is also committed to reducing absolute Scope 3 GHG emissions by 2030 relative to a 2019 baseline. This target is based on Scope 3 emissions, relating to supplier impact and Hempel customers across the entire value chain.

“We put sustainability at the heart of Hempel. Like all companies, we have a responsibility to reduce the emissions generated by our operations and the amount of resources we use,” says Katarina Lindstroem, executive vice president of research and technology and chief operating officer. “To achieve our scientific goals, sustainability must be integrated into everything we do. We are investing in company-wide training to engage all of our employees in this ambitious adventure.

Katarina explains how Hempel will achieve these goals: “For our Scope 1 and 2 goals, we will continue to focus on energy efficiency, purchasing renewable energy and greening our transport fleet.

“Scope 3 emissions represent more than 95% of our footprint. To address this, we will reinforce our commitment to using suppliers who are also taking steps to reduce their carbon footprint, encourage circularity to reduce the footprint of our packaging items, and review our own formulation principles for existing products and new ones in order to identify how we can evolve. away from heavier carbon raw materials,” continues Katarina.

Many of Hempel’s products and services in its marine, energy, infrastructure and decoration customer segments contribute significantly to reducing the carbon footprint of its customers. Although these savings are not counted towards Hempel’s own CO2 reductions, Hempel will continue to develop products and solutions that help its customers achieve their own CO2 reduction goals with quantifiable benefits.

The Science Based Targets Initiative (SBTi) is a collaboration between CDP, the UN Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practices in science-based target setting and independently assesses corporate targets.

Sea News, April 8

Previous Slideshow: Weird stuff the US buys from Russia
Next Securities Finance Industry News | SteelEye announces the launch of its new Order Book Replay service