10.03.2023
GHG emission reduction targets approved by SBTi
Hager Group wants to become a low-emission business. On this journey, it has set targets, which have now been officially recognized by an external organization.
Blieskastel – Amidst growing concerns about climate change, Hager Group is continuing to take steps to reduce its carbon footprint and help build a better future. According to the Intergovernmental Panel on Climate Change, urgent action is needed to limit the global temperature rise and avoid crossing an irreversible ‘tipping point’ – and Hager Group is committed to doing its part.
Hager Group's near-term science-based emission reduction targets have been recognised by the Science Based Targets initiative (SBTi), a widely respected leader in validating the environmental goals of companies and financial institutions. Specifically, Hager Group has committed to reducing its scope 1 & 2 GHG emissions by 50% by 2030 from a 2021 base year. These are directly linked to our activities, mainly to the energy used in our facilities and production sites. In addition, the company has committed to reducing scope 3 GHG emissions by 25% within the same timeframe. Those are indirect emissions linked to all other activities across the value chain, e.g. sourcing, transportation, commuting of employees or the use of the products.
According to Daniel Hager, CEO of Hager Group: “We are very proud that our near term targets have been approved by SBTi. This demonstrates that we can be a role model in sustainable business practices. Reducing our carbon footprint will be a tough collective challenge, involving customers and suppliers.”
Hager Group recorded its first positive results in its factories during 2021 and 2022. Starting off with short-term measures in energy management, lighting and adding owned renewable energy sources to its energy mix, contributed to a 6.5% decrease of greenhouse gas emissions in 2022.
