Energy Efficiency, GHG Emissions, Industrial - January 12, 2023
Schaeffler Group’s Goals Receives SBTi Approval
The Science Based Targets initiative (SBTi) validated the Schaeffler Group’s targets for reducing GHG emissions as being in conformity with SBTi criteria and recommendations.
The global automotive and industrial supplier is committed to cutting its Scope 1 and Scope 2 GHG emissions by 90% by 2030 with 2019 as its base year. The company has also set itself the target of reducing its Scope 3 GHG emissions from purchased goods and services, fuel- and energy-related activities, and upstream transportation and distribution by 25% over the same period.
“Limiting climate warming is a global task that can be accomplished only by working together,” says Schaeffler CEO Klaus Rosenfeld in a statement. “We have consciously taken a science-based approach to our climate targets and are delighted at this recognition from the SBTi. In pursuing our Roadmap 2025 and our ambitious targets we are taking a path that, although challenging, is nevertheless absolutely vital.”