Holcim upgrades its 2030 climate targets in line with SBTi 1.5°C framework

Holcim Group Services Ltd / Key word(s): Miscellaneous Holcim upgrades its 2030 climate targets in line with SBTi 1.5°C framework 10.11.2022 / 13:01 CET/CEST Holcim’s 2030 climate targets validated by SBTi in line with 1.5°C scenario Accelerating Holcim’s commitment to decarbonize building   Holcim launches its upgraded 2030 climate targets, validated by the Science Based Targets initiative (SBTi), in line with its sector’s new 1.5°C science-based framework. With these upgraded targets, Holcim confirms its commitment to decarbonize building in line with the most advanced science.

Luiz Amaral, Chief Executive Officer of the Science Based Targets initiative: “Today, we welcome Holcim's science-based targets consistent with limiting warming to 1.5°C. The ambition of Holcim's targets is aligned with the need for the global economy to rapidly cut emissions. This company is setting an example for the rest of its industry, and I urge others in its sector to set their own targets too.”

Jan Jenisch, CEO Holcim: “At Holcim, we are committed to decarbonizing building for a net-zero future. When I see the thorough decarbonization plans we are deploying across our business, I am confident that we will decarbonize building at scale. We take a rigorous, science-driven approach on this journey and partnered with the Science Based Targets initiative to create our industry’s first 1.5°C-aligned framework. I am delighted that we have now upgraded our 2030 climate targets accordingly.”

In its new 2030 targets, Holcim upgraded its target to reduce scope 1 and 2 emissions per ton of cementitious by 25% by 2030 from a 2018 base year. Holcim commits to reduce gross scope 1 GHG emissions by 22.4% per ton of cementitious material and scope 2 GHG emissions by 65% per ton of cementitious materials within the same timeframe^[1]. For other indirect emissions on scope 3, Holcim commits to reducing CO2 per ton of clinker and cement purchased from third parties by 25.1% from a 2020 base year. Holcim’s new 2030 targets and base years have been adjusted to reflect recent optimization of the company's portfolio.