By 2026, GF commits to reducing absolute scope 1 and 2 GHG emissions by 30%. The company also commits to reducing by 2030 scope 3 GHG emissions from purchased goods and services, and from the use of sold products by 34.6% per tonne of processed material, both targets measured against 2019 as a base year. These targets are fully aligned with the Paris Agreement to limit global warming to 1.5°C.
"The SBTi validation marks an important milestone in our journey to become a sustainability and innovation leader," said Andreas Müller, CEO of GF. "Working closely with our suppliers and customers, we are leading the way forward in our industry in mitigating the impact of climate change. The focus on the reduction of GHG emissions offers us also attractive business opportunities.
CO2e emissions reduced by 17%
As a global industrial company, GF has been measuring, managing and reducing the GHG emissions associated with its operations and value chain. For example, in 2021, GF reduced its CO2e emissions by 17% compared to a 2019 base year.
To deliver on its ambitious targets, GF will accelerate key GHG-reduction measures. All three divisions have put in place roadmaps to support both the company's own targets, as well as those of the customers in their sustainability journeys – for example, raising the amount of bio-based or recycled materials used in their products, supporting reduction of CO2e emissions with lightweight components for e-cars and improving the energy efficiency of equipment and machines. In addition, GF continues to increase the use of renewable energy in its facilities.