#Sweden #SBTi #Skinnskatteberg #Systemair #Emission Targets

Systemair's Emission Targets Approved by SBTi

In a significant advancement for environmental sustainability, Systemair has received approval for its emission reduction targets from the Science Based Targets initiative (SBTi). This recognition comes as the company aligns its climate objectives with global efforts to combat climate change, utilizing scientifically-backed standards to guide its initiatives. According to Systemair's CEO, Roland Kasper, this endorsement signifies a robust commitment to sustainability practices within the organization.

Systemair's targets encompass a comprehensive approach to emissions across multiple scopes. In detail, the company aims to decrease its absolute emissions under scopes 1 and 2 by 42% by the fiscal year 2030/31, drawing comparisons against the baseline year of 2023/24. Additionally, the company seeks a 25% reduction in scope 3 emissions—which pertain to the indirect emissions generated from the use of sold products—within the same timeframe. Long-term aspirations see Systemair targeting a 90% reduction across all scopes by the fiscal year 2050/51, effectively aiming for net-zero greenhouse gas emissions.

The prominence of scope 3 emissions in Systemair's overall emissions profile cannot be understated, as these emissions account for a staggering 96% of the company’s total. This large percentage mainly stems from energy consumption during the operational phase of their products—reflecting the energy landscape of various global markets where fossil fuels dominate electricity generation.

To enhance its sustainability credentials, Systemair has prioritized energy efficiency since its establishment. As Lee Morgan, Group Sustainability Director, emphasizes, improving energy efficiency is critical, particularly in regions where alternative energy sources are available. The rationale is clear: to phase out fossil fuel reliance, it is essential to reduce unnecessary energy consumption effectively, ensuring a sustainable and adequate supply of clean electricity for everyone.

The recognition from SBTi underscores Systemair's vital role in the construction sector as it seeks to reduce emissions and contribute to global climate goals. Recent research indicates that approximately 40% of total energy demand in society is attributable to buildings, emphasizing the significant impact that organizations like Systemair can make in driving change.

Understanding the Science Based Targets Initiative (SBTi)

The Science Based Targets initiative provides a reliable framework that empowers businesses to establish ambitious and scientifically-informed emissions reduction goals. Its mission revolves around accelerating corporate efforts toward halving emissions before 2030 to meet global climate targets.

SBTi is a collaborative effort that involves several renowned organizations, including the United Nations Global Compact, CDP, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). By setting and independently vetting science-based targets, SBTi aids companies in adopting effective measures to reduce emissions and overcome barriers.

In summary, Systemair’s new targets, supported by SBTi, align the company with a forward-thinking economic model that seeks to harmonize business success with environmental responsibility. By prioritizing sustainability, Systemair contributes to a healthier planet and a more sustainable future, reaffirming its position as a leader in the ventilation solutions space. As Systemair pursues its goals, it demonstrates that corporate environmental responsibility and strategic business goals can indeed coexist, paving the way for others in the industry to follow suit.