SIG has announced it has received approval for its path to net zero from the Science Based Targets initiative (SBTi).
The company has committed to reach net zero greenhouse gas (GHG) emissions across its value chain by 2050.
SIG has set a new series of near and long-term science-based emissions reduction targets with the SBTi. These targets are described as ‘significantly more ambitious’ than the firm’s previous GHG reduction targets, approved by the SBTi in 2018 and 2020.
The move sees SIG look beyond its own operations and commit to the decarbonsation of its full value chain in line with climate science.
SIG’s new near-term 2030 commitments (using 2020 as the baseline year) include:
• 42% absolute reduction of scope 1 and 2 GHG emissions
• 100% renewable electricity through 2030
• 51.6% reduction of scope 3 GHG emissions per litre packed
The new long-term 2050 targets include:
• 90% absolute reduction of scope 1 and 2 GHG emissions
• 97% reduction of scope 3 GHG emissions per litre packed
Samuel Sigrist, CEO at SIG, said, “The approval of our net zero pathway by the SBTi is a milestone achievement that showcases our dedication to decarbonising our operations and value chain. Our new targets are considerably bolder than our previous GHG reduction targets and have been well received by our stakeholders.”
