Ceratizit commits to net-zero target for emissions

Published
February 09, 2023 - 07:00am
Ceratizit commits to set net-zero target

Ceratizit has committed to setting short- and long-term targets for companywide emission reductions in line with the science-based net-zero approach laid out in the Science Based Targets initiative. In doing so, the Luxembourg-based carbide specialist furthers its ambitious sustainability strategy presented this past September.

“Climate change represents a challenge for all of humanity—and also requires the entire industry to rethink many areas. For those reasons, sustainability is a top priority for us,” says Executive Board Spokesman Andreas Lackner, explaining the company's commitment. The next step for CERATIZIT is to develop science-based targets based on its sustainability strategy and have them validated by SBTi.

Efforts represent only the beginning
The latest scientific findings by the Intergovernmental Panel on Climate Change (IPCC) – described by the United Nations as a “red alert for humanity” – show that while there is still time to limit the global temperature increase to 1.5°C, we are dangerously close to this threshold. Rapid and deep emission cuts are needed to cut global emissions in half before 2030 and bring them to zero before 2050.

About the Science Based Targets initiative
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science. It is focused on encouraging and empowering companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.

The initiative is a collaboration between CDP (formerly the Carbon Disclosure Project), the United Nations Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practices in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.

*Net Zero is currently the most stringent greenhouse gas emissions reduction target. It includes Scope 1 (direct emissions), Scope 2 (indirect emissions from purchased energy), and at least 66% of Scope 3 emissions (all other indirect emissions in a company's value chain), reduction measures with science-based targets, and offsetting the remaining emissions through carbon offsetting or carbon capture.

INDUSTRY NEWS

07/17/2024
WFL Multifunction Turning and Milling Centers are employed across various industries, with aerospace being a significant market. ArianeGroup, at the forefront of space transportation, stands as a…

07/11/2024
Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT – The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (…

07/08/2024
EXAIR, a leader in engineered compressed air solutions and static elimination, and BETE, an engineered spray nozzle and spraying systems manufacturer, have entered into a definitive merger agreement…