Commercial, Energy Efficiency, GHG Emissions, Commercial - September 29, 2023
E Ink Holdings Receives SBTi Approval
E Ink, an ePaper technology company, announced the company’s science-based GHG emissions reduction targets were validated and approved by the Science Based Targets initiative (SBTi) for its near-term, long-term, and net-zero targets.
The SBTi validated and approved E Ink’s GHG emissions reduction targets to reach net-zero GHG emissions across the value chain by 2040, lower absolute Scope 1 and Scope 2 GHG emissions 80% by 2030 from a 2021 base year, and lower absolute Scope 3 emissions 25% by 2030 from a 2021 base year. The SBTi also validated and approved the company's target to increase annual sourcing of renewable electricity from 0.21% in 2021 to 100% by 2030, according to a statement.
E Ink reduced its carbon emissions by 13% in 2022 compared to the previous year, achieving an impressive 43% decrease in carbon emissions intensity. Energy productivity also increased by 108% compared to a 2018 base year, achieving the EP100 goal of doubling energy productivity ahead of the 2040 target.
In 2022, E Ink also reached a global facility-wide usage of 21% renewable energy, taking gradual steps toward achieving the RE100 goal. In December 2022, E Ink's factories and offices in Billerica, Fremont, and South Hadley in the United States, as well as sales offices in Tokyo, Japan, and Seoul, South Korea, achieved the RE100 goal of using 100% renewable energy.