Ceratizit Group, headquartered in Mamer, Luxembourg, has committed to setting short- and long-term targets for company-wide emission reductions in line with the science-based net-zero approach laid out in the Science Based Targets initiative (SBTi). In doing so, the carbide specialist furthers its ambitious sustainability strategy presented in September 2022.
“Climate change represents a challenge for all of humanity—and also requires the entire industry to rethink many areas. For those reasons, sustainability is a top priority for us,” stated Andreas Lackner, Executive Board Spokesman.
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The next step for the company is to develop science-based targets based on its own sustainability strategy and have them validated by SBTi.
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on encouraging and empowering companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.
The initiative is a collaboration between CDP (formerly the Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.