THE Saica Group has announced it has joined the SBTi (Science Based Targets initiative) as part of the firm’s sustainability journey.
Upon accession, Saica has a maximum of 24 months to define short and long-term targets and submit them to SBTi for approval, in accordance with its rules. These targets are calculated on the basis of the gas emission reductions needed to keep the global temperature rise below 1.5°C compared to industrial-era temperatures, in line with the COP21 agreements).
The short-term target, for which SBTi acts as an independent guarantor, should have a time period of five to 10 years. The initiative also encourages companies to set net zero targets in the longer term – a target Saica Group has joined for 2050.
In a first phase, Saica revealed it will focus on finding solutions to decarbonise its production facilities. In a second phase, the business will involve its entire value chain to find solutions that minimise the impact of the supply chain.
Adherence to the initiative also requires the Saica Group to publish its carbon footprint annually, so that stakeholders can monitor progress towards the final target.
Ramón Alejandro, chairman of the Saica Group, said, “One of the priorities of the Saica 2025 Strategic Plan is ‘Orienting the business towards sustainable solutions that contribute to environmental protection and to the fight against climate change’. This is why, in 2021, in Saica we set up a decarbonisation working group, whose main objective is to find technological solutions that allow us to cover the energy needs of the group’s factories, achieving the decarbonisation objectives for these facilities.
“The current situation, where the technology necessary for the intensive use of some of these new fuels is not yet developed, may force the abandonment of some of the projects initiated. In any case, at Saica, we are convinced that R&D&I has always been a competitive advantage, so we must continue with the necessary and sufficient efforts to achieve the objectives we have set ourselves.”
