LafargeHolcim Signs Net Zero Pledge with Science-Based Targets
September 20 2020 - 6:30PM
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LafargeHolcim (Paris:LHN)
LafargeHolcim joins the Science Based Targets initiative (SBTi)
"Business Ambition for 1.5degC," becoming the first global building
materials company to sign the pledge with intermediate targets for
2030, validated by SBTi(2) . This commitment builds on
LafargeHolcim's leadership in green construction with cutting-edge
solutions such as ECOPact, its green concrete, and Susteno, its
leading circular cement.
In its 2030 goals, LafargeHolcim is further lowering its target
for CO(2) intensity in cement to 475kg net CO(2) per ton of
cementitious material (net CO2/t.cem.). Europe is on track to
become the first region to reach this net zero ambition, building
on its CHF 160 million investment roadmap launched last year.
Going one step further, LafargeHolcim is partnering with SBTi to
develop a roadmap for aligning climate targets to a 1.5degC future
in the cement sector, pushing the boundaries of green
construction.
Jan Jenisch, CEO: "I believe in building a world that works for
people and the planet. That's why we are reinventing how the world
builds today to make it greener with low-carbon and circular
solutions. I am very excited to be working with SBTi, taking a
rigorous science-based approach to shape our net zero roadmap and
accelerating our efforts to substantially lower our CO(2)
footprint. I will not stop pushing the boundaries to lead the way
in green construction."
Magali Anderson, Chief Sustainability Officer: "As the world's
largest cement producer, we have a key role to play in addressing
today's climate crisis. On our way to becoming a net zero company,
we are not only part of the solution, we are committed to
supporting our customers in their CO(2) -reduction ambitions. No
company can tackle today's climate challenge alone, that's why we
are partnering for impact."
Alberto Carrillo, Director, Science Based Targets at CDP, one of
the Science Based Targets initiative partners: "We at SBTi are
delighted that LafargeHolcim has joined the group of over 290
industry leaders committed to a 1.5degC future. As the largest
player in one of the most carbon-intensive industries,
LafargeHolcim's leadership demonstrates that a net zero economy is
within reach."
The SBTi has approved LafargeHolcim's commitment to reduce scope
1 and scope 2 GHG emissions 21%(2) per ton of cementitious
materials by 2030 from a 2018 base year. With this target,
LafargeHolcim commits to reduce scope 1 GHG emissions 17.5% per ton
of cementitious material and scope 2 GHG emissions 65% per ton of
cementitious materials within the same timeframe.
By 2030, LafargeHolcim will:
-- Accelerate the use of low-carbon and carbon-neutral products such as
ECOPact and Susteno
-- Recycle 100m tons of waste and byproducts for energy and raw materials
-- Scale up the use of calcined clay and develop novel cements with new
binders
-- Double3 waste-derived fuels in production to reach 37%
-- Reach 475 kg net CO2 per ton of cementitious material (net CO2/t.cem)
-- Operate its first net zero CO2 cement production facility4
In addition to this pledge to reduce scope 1 and scope 2
emissions, LafargeHolcim will expand its actions across its value
chain to include scope 3 emissions. With this holistic approach
LafargeHolcim will reduce its transportation and fuel-related
emissions by 20%.
On its net zero journey LafargeHolcim will accelerate circular
construction by increasing the use of recycled materials in its
products and processes while recovering materials at the end of
their life cycle. In 2019 alone, LafargeHolcim recycled 48 million
tons of waste making it a world leader in waste solutions,
contributing to cleaner cities while preserving earth's finite
resources.
The company will use the coming decade to develop and deploy
advanced technologies, preparing the next step of its net zero
journey. This includes piloting over twenty Carbon Capture Usage
and Storage (CCUS) projects across Europe and North America.
For more information on LafargeHolcim's climate pledge, please
see the detailed climate section on www.lafargeholcim.com. For more
information on circular economy and other aspects of its
sustainability strategy, see
www.lafargeholcim.com/climate-energy.
About LafargeHolcim
As the world's global leader in building solutions,
LafargeHolcim is reinventing how the world builds to make it
greener, smarter and healthier for all. On its way to becoming a
net zero company, LafargeHolcim offers global solutions such as
ECOPact, enabling carbon-neutral construction. With its circular
business model, the company is a global leader in recycling waste
as a source of energy and raw materials through products like
Susteno, its leading circular cement. Innovation and digitalization
are at the core of the company's strategy, with more than half of
its R&D projects dedicated to greener solutions.
LafargeHolcim's 70,000 employees are committed to improving quality
of life across more than 70 markets through its four business
segments: Cement, Ready-Mix Concrete, Aggregates and Solutions
& Products.
For more information: www.lafargeholcim.com
(1) Scope 1 and 2
(2) In line with keeping warming to well-below 2degC; the target
boundary includes biogenic emissions and removals from bioenergy
feedstocks
(3) Compared to 2018 baseline
(4) Building on key pilots such as Westküste 100 in Germany and
Svante in the US
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200920005059/en/
CONTACT: Media Relations: media@lafargeholcim.com
Investor Relations: investor.relations@lafargeholcim.com
+41 (0) 58 858 87 10 +41 (0) 58 858 87 87
SOURCE: LafargeHolcim
Copyright Business Wire 2020
(END) Dow Jones Newswires
September 20, 2020 19:15 ET (23:15 GMT)
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