Commercial, Energy Efficiency, GHG Emissions - February 23, 2023
Coor Commits to 2040 Goal
Coor, a provider of facility management services, commits to reach Net-Zero GHG emissions by 2040.
The new target means that GHG emissions from the entire value chain will have decreased by 90% compared to 2018. Energy and materials flows will be fully circular by this date, and emissions from restaurant operations also sharply reduced. The remaining CO₂ emissions will be climate offset.
The near-term climate goals approved by the SBTi mean that in the period up until 2030, Coor will reduce its GHG emissions under scope 1 and scope 2 by 75%, compared to 2018 levels. Coor adopted a target of achieving a fossil fuels-free vehicle fleet and that all electricity will be generated by renewable energy sources by this date.
The company has also set the target that 75% of the company's emissions under Scope 3 will come from suppliers whose climate targets have been approved by the SBTi by no later than 2026. In addition, emissions from food and drink are to be reduced by 30% by 2025 compared to the baseline year 2018.
"It's really great that Coor has set a target that will be reached ten years earlier than the official standard requires. At the same time, this provides us with further confirmation that our sustainability strategy fully supports our vision of becoming a truly sustainable company," said AnnaCarin Grandin, President and Group CEO at Coor, in a statement.