Science Based Targets in Elopak
Elopak was one of the first three non-pilot companies to have its near and long-term emission reduction targets verified since the launch of the Science Based Targets initiative (SBTi) Net-Zero Standard in October 2021.
Elopak commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2020 base year. We also commit to reduce absolute scope 3 GHG emissions from purchased goods and services, upstream and downstream transportation & distribution, business travel, use of sold products, and downstream leased assets 25% within the same timeframe. Furthermore, we commit to continue annually sourcing 100% renewable electricity through to 2030. Elopak also commits to reduce absolute scope 1, 2, and 3 GHG emissions 90% by 2050 from a 2020 base year. Our targets are approved bythe Science Based Targets initiative.
Working to reach these reductions targets is in line with the company decision from 2018, to set science-based targets as part of the framework for the company’s sustainability work.
WHAT IS SCIENCE BASED TARGETS
Science Based Targets is an initiative which sets guidelines to scientifically calculate targets for companies’ contribution to decarbonization in line with the Paris Agreement. Originally, this agreement set out to keeping the global average temperature increase below 2°C compared to pre-industrial temperatures. However, following an updated report from the UN Intergovernmental Panel on Climate Change (IPCC) in October 2018, the SBT initiative launched new guidelines for target-setting in line with a temperature increase below 1.5°C.
GREENHOUSE GAS EMISSIONS
Greenhouse gases are used to measure emissions that could potentially impact the climate on our planet.
Elopak has worked since 2008 to reduce greenhouse gas emissions from our own operations and our supply chain. The first ten years, we had a 70% reduction due to use of renewable electricity. Our emission data is published in our annual sustainability report.