Company’s 2030 and 2050 net-zero targets validated by Science Based Targets initiative
HOLCIM say they have set the industry’s first 2050 net-zero targets to be validated by the Science Based Targets initiative (SBTi), building on their 2030 commitments approved in September 2020.
Setting a new milestone for the sector, Holcim’s targets cover the company’s entire value chain, including both direct and indirect emissions, following the three ‘scopes’ established by the Greenhouse Gas (GHG) Protocol.
Highlighting the building sector’s essential role in accelerating the world’s transition to net zero, Holcim chief executive officer Jan Jenisch said: ‘I am proud to be joining the SBTi today to announce Holcim’s net-zero pathway to 2050. By setting the first Net-Zero Standard for our industry, we are walking the talk on our commitment to take science-driven action to win the Race to Zero.’
Alberto Carrillo Pineda, co-founder and managing director of the SBTi, said: ‘Companies are currently self-defining net-zero targets without credible and independent assessment of their ambition and integrity. For the first time, the SBTi Net-Zero Standard offers companies robust certification to demonstrate to consumers, investors, and regulators that their net-zero targets are reducing emissions at the pace and scale required to keep global warming to 1.5°C.
‘We’re now inviting all companies with net-zero targets and ambitions to show stakeholders that their decarbonization pathway is aligned with science. And the rest of the business sector – we call on you to join the Race to Zero.’
