#Sweden #SBTi #Stockholm #GHG emissions #Loomis

Loomis Sets New Standards for Emission Reductions

On April 27, 2026, Loomis AB made a significant stride in its environmental strategy by successfully having its new greenhouse gas (GHG) emission reduction targets authenticated by the Science Based Targets initiative (SBTi). This achievement not only cements Loomis' position as a leader in climate action within its industry but also underscores its commitment to sustainability as it endeavors to mitigate the impacts of climate change.

Background on Loomis and its Commitment

Loomis has asserted itself as a pioneer by becoming the first company in its sector to receive confirmation from SBTi. The validation signifies that the company is not just making promises but is aligning its targets with the latest scientific recommendations from the Intergovernmental Panel on Climate Change (IPCC). These recommendations advocate for measures to limit global warming to well below 2 degrees Celsius.

The scope of Loomis’ climate targets encompasses all three scopes referenced in the GHG Protocol: Scope 1 (direct emissions), Scope 2 (indirect emissions from purchased energy), and Scope 3 (other indirect emissions across the entire value chain). Loomis has outlined specific, science-based goals to diminish its emissions and propel the company's strategic approach towards sustainability.

What Are the New Targets?

The newly validated targets include a commitment to cut absolute Scope 1 and 2 GHG emissions by a substantial 48% by 2030, using the base year of 2019 as a reference point. In addition, the company aims to decrease Scope 3 GHG emissions—those linked to capital goods, fuel and energy-related activities, business travel, and downstream transportation and distribution—by 37.5% by 2035, with 2024 as the baseline year.

Interestingly, Loomis had already set a strategic target aiming for a 34% absolute reduction in Scope 1 and 2 emissions by 2027, which remains a critical milestone in their overall objective to achieve the 2030 goals. This layered approach to emissions reduction suggests that Loomis is diligently working towards realistic and attainable goals while demonstrating an acute awareness of operational realities.

Leadership's Vision

Aritz Larrea, President and CEO of Loomis, expressed confidence in the company’s strategic framework, stating, “Loomis’ journey to mitigate climate change continues across the Group. With our new climate targets, we are demonstrating that it is possible to reduce the industry's climate impact while continuing to deliver critical infrastructure.” This statement reflects not just corporate responsibility, but a proactive approach to sustainability, highlighting how Loomis aims to lead the industry transformation toward a greener future.

A Focus on Renewable Energy

To accomplish these ambitious goals, Loomis is prioritizing a transition towards renewable energy sources, both in its operations and throughout its value chain. This commitment showcases a thorough understanding of the operational changes required to meet their GHG reduction commitments effectively. Such moves are essential, not just for compliance or corporate image, but as a genuine shift towards a sustainable operational model that benefits the environment and society at large.

The Role of Science Based Targets Initiative

The Science Based Targets Initiative itself is an influential collaboration involving several notable organizations, including the Carbon Disclosure Project (CDP), UN Global Compact (UNGC), World Resources Institute (WRI), and the World Wildlife Fund (WWF). It plays a crucial role in guiding companies like Loomis to set scientifically valid climate targets that align with global standards, such as those outlined in the Paris Agreement.

The initiative provides a framework that ensures corporate targets are not just aspirational but are backed by scientific data, which is increasingly essential for businesses looking to secure their place in the market while addressing environmental challenges.

Conclusion

In summary, Loomis is venturing into uncharted territories with its newly validated climate targets, showcasing that large companies can indeed rise to the occasion in addressing climate change transparently and effectively. By taking such significant steps, Loomis not only sets a precedent in the industry but also empowers other companies to pursue similar paths in supporting global sustainability efforts. The company’s journey will undoubtedly be one to watch in the coming years, as it embodies the shift towards a more sustainable operational ethos.

For further inquiries, you can reach out to:

• - Jenny Boström, Head of Sustainability and IR, +46 79 006 45 92
• - Fredrik Hammarbäck, Media Relations Manager, +46 76 311 56 29.