Energy Efficiency, GHG Emissions, Industrial - January 19, 2023
Orbia Goals Validated by SBTi
Orbia announced that the Science Based Targets initiative (SBTi) has approved its near-term Scope 1, 2, and 3 emissions reduction targets.
The basic and advanced materials and specialty products company’s goals are in conformance with the latest SBTi Criteria and Recommendations (version 5) for climate actions to mitigate the impacts of global warming.
In addition, the SBTi validation team has classified Orbia’s Scope 1 and 2 target reduction goals in its most ambitious 1.5°C trajectory category. Orbia has committed to reduce its Scope 1 and 2 GHG emissions 47% by 2030 from a 2019 base year and to reduce Scope 3 GHG emissions from use and end-of-life treatment of sold products 30% within the same timeframe.
“It has been the vision of our founders and leaders to provide cleaner, smarter, more efficient materials and solutions that advance life around the world,” said Sameer Bharadwaj, CEO of Orbia in a statement. “Today, validating our Scope 1, 2, and 3 emissions reduction goals with the SBTi reinforces our commitment to providing our customers with the products and services they need to deal with the impacts of climate change and help decarbonize the planet.”