SIG has set a bold new climate target that is one of the first in its industry to be approved by the Science Based Targets Initiative (SBTi) as being in line with the latest climate science to limit global warming to 1.5°C above pre-industrial levels to prevent the worst effects of climate change. SIG is committed to cutting its Scope 1 and 2 emissions by 60 % by 2030 (from the 2016 baseline).
The ambitious new target places SIG among an elite group of companies leading efforts to reduce greenhouse gas emissions in line with the global Paris Agreement to pursue efforts to limit the temperature increase to 1.5°C.
Around 300 companies have targets approved by the SBTi. Fewer than 100 are currently approved as being in line with the 1.5°C goal. SIG is one of the first in its industry to have a 1.5°C target approved by the SBTi.
SIG’s new target compresses the timeline to achieve a 60 % absolute reduction in Scope 1 and 2 emissions by a full 10 years compared with its previous target, which was already approved by the SBTi as in line with keeping global warming well below 2°C.
A strong focus on renewable energy underpins the company’s efforts to achieve this target. SIG has already switched to 100 % renewable electricity for global production and is exploring opportunities to expand on-site renewables, such as its award-winning rooftop solar array in Thailand.
SIG is not only committed to cutting emissions from its own operations. The company also commits to reduce value chain greenhouse gas emissions by 25 % per litre packed by 2030 (from the 2016 baseline). This target includes scope 1, scope 2 & scope 3 emissions from Purchased Goods and Services, Use of Sold Products, and End of Life Treatment.