Commercial, Energy Efficiency, GHG Emissions, Sourcing Renewables - May 9, 2023
Stahl's Emissions Reduction Targets Approved by SBTi
Stahl, a provider of coating technologies, announces that its near-term GHG emissions reduction targets were validated by the Science Based Targets initiative (SBTi).
Stahl commits to the following science-based targets: reduce absolute scope 1 & 2 GHG emissions 42% by CY2030 from a CY2021 base year, and reduce absolute scope 3 GHG emissions 25% by CY2030 from a CY2021 base year.
The company’s Scope 1 and 2 GHG emissions reduction targets include emissions from all manufacturing sites where Stahl products are produced, as well as the company’s largest non-manufacturing locations.
Stahl seeks to reduce these emissions by reducing its overall energy consumption and increasing the use of renewable energy at its sites.
The company’s goal is to increase its self-generated electricity capacity (using solar power, for example) and continue investing in more energy-efficient equipment.
Stahl will reduce its Scope 3 upstream emissions by replacing fossil-based raw materials in its products with renewable alternatives, such as bio-based and recycled-based feedstocks. The company will also add more low-impact raw materials to its product design.
There have been 145 companies in the chemicals sector that submitted an emissions reduction target and 61 companies had their targets validated by the SBTi.
“The validation of our Scope 1, 2, and 3 emissions reduction targets by the SBTi is an important milestone on our ESG journey as we strive to limit our contribution to global warming, in line with the Paris Agreement,” said Maarten Heijbroek, CEO of Stahl, in a statement. “Our targets are ambitious, and rightly so. Realizing our goal to help create a more responsible coatings value chain starts with being accountable for our own environmental impact, and taking concrete steps to reduce our emissions wherever possible.”