Steelcase Announces Carbon Neutrality and Goal to be Carbon Negative by 2030

Carbon reductions targeted across company operations to align with ambitious climate science goals

GRAND RAPIDS, Mich., Aug. 25, 2020 (GLOBE NEWSWIRE) -- Today, Steelcase announced it has achieved carbon neutrality for its own operations. The company also announced new 2030 goals that have been validated by the Science Based Targets initiative. Building upon this momentum, Steelcase has established a goal to become carbon negative by 2030.

In 2020, Steelcase reported the achievement of a greater than 30% reduction in greenhouse gas emissions over the previous ten years. The urgency of climate change inspired the company to expand upon its existing renewable energy commitments with the purchase of carbon offsets. While Steelcase was able to reach carbon neutral (net zero) for its own operations by removing as much carbon as it emits, the company recognizes true climate action means reducing emissions in line with science. Consistent with its legacy of sustainability, Steelcase is now taking its commitment further with a goal to become carbon negative by 2030 by markedly reducing emissions across its own operations with targets in line with climate science.

What does Steelcase plan to do to achieve its carbon goals by 2030?

Over the next decade, the company will focus on ambitiously reducing emissions at a rate needed to prevent the worst impacts of climate change. By 2030, becoming carbon negative, also referred to as climate positive, means Steelcase would remove more carbon than it emits, through a combination of absolute reductions and investing in renewable energy. Additional actions are expected to include financing carbon offset initiatives and support for external emission reductions with social benefits.

To advance a low carbon economy, Steelcase has set science-based targets aligned with a 1.5°C climate scenario. This means the company expects to reduce absolute emissions from its own operations by 50% by 2030 and cut indirect emissions from business travel and waste generated in operations. Since most of its emissions are considered indirect or scope 3 emissions, Steelcase plans to engage with suppliers to set their own science-based targets by 2025. By aggressively cutting greenhouse gas emissions at this rate, the company is aligned with the most ambitious goal of the Paris Agreement.