Energy Efficiency, GHG Emissions, Industrial - October 5, 2018
Kingspan joins SBTi, targets new reductions
Kingspan Group announced on Oct. 4 that it is committing to the Science Based Targets Initiative (SBTi) to reduce greenhouse gas (GHG) emissions. The initiative supports participating companies to determine how much they must cut their emissions to prevent the worst impacts of climate change. Kingspan joins more than 370 companies worldwide in this commitment.
Kingspan also announced new GHG emission targets in conjunction with its previously announced commitment achieving Net Zero Energy (NZE) status by 2020. The company is targeting an absolute 10% reduction of in Scope 1 and Scope 2 GHG emissions by 2025 off the base year of 2017, as well as a 10% reduction in Scope 3 emissions, which include those from purchased goods and services, business travel, transport and distribution, and end-of-life treatment of sold products, also by 2025.
"At Kingspan, we are dedicated to sustainable business practice, from our products, to our processes and our people, which is why we are delighted to sign up to the Science Based Targets Initiative," said Gene Murtagh, CEO of Kingspan, in a statement. "This provides measurable targets for our business to achieve and will ensure that we continue to match our words with actions that make a real difference."
Speaking exclusively at the recent Smart Energy Decisions Renewable Energy Sourcing Forum, Brent Trenga, building technology director, Kingspan North America, noted that meeting the Scope 3 emissions target will involve the cooperation of the company’s supply chain. "We’ve been talking to our suppliers over the last year or two, asking 'where are you with your carbon footprint, with your renewable energy purchasing, with your GHG footprint..'" What began as "gently nudging" these companies to start aligning with Kingspan’s goals is now "a more formalized ask."
Kingspan reported the following achievements to date as part of its Net Zero Energy initiative:
- 77% reduction in carbon intensity
- 5 GWh on-site energy generation
- 38% reduction in the Group’s energy costs
- 69% of all energy used by the group is renewable
- 31% reduction in the Group’s energy intensity