Climate change is a global challenge that can have a material impact on any business – from sourcing materials and manufacturing products, to managing energy in facilities and utilizing resources across the value chain. We are committed to addressing this challenge and are advancing our efforts with forward thinking, additional tools and goals that provide the framework for a decade of significant progress.
Our Climate Strategy
Since 2009, we have had a climate strategy focused on reducing our greenhouse gas (GHG) emissions, including emissions from our operations (Scope 1) and from the generation of purchased energy (Scope 2). In 2019, we added emissions data related to our upstream and downstream value chain (Scope 3).
In 2020, we began aligning our climate strategy to reflect a science-based approach, influenced by the Paris Agreement and its goal to limit global warming to well below 2.0 degrees Celsius. We have adopted a new approach to better reflect and align with certain global efforts, including setting new GHG emissions reduction targets. Our goal is to reduce our absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 30% by 2030, compared with a 2019 baseline. In our view, the benefit of setting an absolute goal, rather than an intensity goal, is that it aligns best with what the planet needs – an absolute reduction of GHG emissions. We plan to further evaluate our climate-related risks and opportunities.
