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SIMONA AMERICA Group's Commitment to Sustainability

In a notable development for environmental sustainability, SIMONA AMERICA Group, the U.S. branch of SIMONA AG, has successfully validated its greenhouse gas (GHG) reduction targets through the Science Based Targets initiative (SBTi). This validation not only showcases the company's commitment to sustainable corporate practices but also places it at the forefront of efforts to combat climate change by aiming to limit global temperature rise to 1.5 degrees Celsius.

The Journey Towards Sustainability

Since signing up for the SBTi in early 2024, SIMONA AMERICA Group has embraced a rigorous approach to reducing its carbon footprint. The company has set clear and ambitious targets, pledging to cut GHG emissions, particularly Scope 1 and Scope 2 emissions, by 42% by the year 2030 from a baseline of 2022. This significant reduction signifies a proactive step toward achieving global climate goals, aligning with the Paris Agreement's objectives.

Moreover, the company has also committed to reducing Scope 3 emissions — those associated with purchased goods and services — by 51.6% on a per-ton basis in the same timeframe. The SBTi has endorsed these targets as not only ambitious but also in congruence with current climate science.

Remarks from Leadership

Johannes Kappler, the Head of Sustainability at SIMONA AG, expressed enthusiasm over this achievement. He remarked, "The SBTi's confirmation of our climate targets is a significant milestone within our sustainability strategy. It illustrates that we are on the right path toward contributing to global climate change mitigation."

In order to embed sustainability into its operations, SIMONA AMERICA Group is adopting various initiatives, such as increasing the use of renewable energy, enhancing process efficiencies, and innovating materials. For example, the expansion of their TERREFORM® line for aerospace applications and the installation of over 3,300 solar panels at their facility in Archbald, Pennsylvania underscore their commitment to reducing carbon emissions.

Accountability and Collaboration

Autumn Werner, serving as the Sustainability Manager for SIMONA AMERICA Group, highlighted the accountability brought about by SBTi's validation. She stated, "This validation not only fosters accountability but also ensures that our sustainability efforts will result in genuine emission reductions, thereby supporting the global goals of climate action."

Werner emphasized the need for collaboration within the industry, adding, "Our sustainability journey transcends product innovation; it encompasses effective practices across all facilities aimed at driving significant emission cuts. The SBTi validation keeps us aligned with other companies dedicated to actionable, science-based climate initiatives."

Concrete Steps Ahead

Looking ahead, SIMONA AMERICA Group plans to implement targeted strategies, including:

• - Transitioning to green electricity for all operations.
• - Optimizing production methodologies to foster energy efficiency.
• - Utilizing sustainable raw materials to enhance their product offerings.
• - Incorporating post-industrial and customer waste into new materials and products, underscoring a commitment to the circular economy.

The SBTi, a collective initiative formed in 2015 through collaborations between the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI), and the World Wildlife Fund (WWF), provides a structured framework for companies to define their emissions reduction agendas according to the latest climate science findings.

As SIMONA AMERICA Group advances its sustainability initiatives, it remains dedicated to creating a tangible impact through science-backed actions that align with its vision for a more sustainable future.

About SIMONA AMERICA Group

SIMONA AMERICA Group is a prominent manufacturer of high-quality thermoplastic products tailored for diverse industry needs across the United States. As a subsidiary of SIMONA AG, the company is committed to sustainability, operational excellence, and advancing innovative material solutions while serving its customers responsibly.