Compagnie de Saint-Gobain Internal carbon fund (4195V)
April 14 2021 - 01:07AM
UK Regulatory
TIDMCOD
RNS Number : 4195V
Compagnie de Saint-Gobain
14 April 2021
PRESS RELEASE
April 14, 2021
sAINT-GOBAIN sets up an internal carbon fund
for its employees
To engage all its employees on the road to carbon neutrality by
2050, and to contribute to the Group's 2030 CO(2) emissions
reduction target, Saint-Gobain is launching an internal Carbon
Fund. First implemented in a pilot region, Northern Europe ([1]) ,
it aims to accelerate the reduction of non-industrial CO(2)
emissions through the everyday actions of employees and targeted
investments on sites.
The areas covered by these investments are mainly related to
sustainable employee mobility, renewable energies and improving
well-being and energy efficiency at Saint-Gobain sites.
This Carbon Fund is based on the Group's internal carbon price
for investment decisions, recently raised to EUR50/ton of CO(2)
equivalent, and converts part of the CO(2) emissions reduction into
money to finance projects which themselves aim to reduce the
Group's carbon footprint, thus creating a virtuous circle. These
projects, proposed and selected by employees, concern their
professional environment.
"The Carbon Fund encourages each and every one of our employees,
wherever they work, to come up with the best initiatives, from
small everyday eco-actions to high impact investments. I am proud
of the rollout of this Fund in the Northern Europe Region, which
will be followed by other similar projects in the Group", said
Patrick Dupin, Senior Vice President, CEO Northern Europe.
Setting up the Carbon Fund is part of Saint-Gobain's efforts to
reduce its scope 1 and 2 emissions by 33% and its scope 3 emissions
by 16% ([2]) by 2030. It complements the multi-year capital
expenditure funded by the Group in this area. In particular, the
Group will dedicate a targeted investment and research and
development budget of around EUR100 million each year until 2030 to
reduce its industrial CO(2) emissions.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions for the construction, mobility, healthcare and other
industrial application markets. Developed through a continuous
innovation process, they can be found everywhere in our living
places and daily life, providing wellbeing, performance and safety,
while addressing the challenges of sustainable construction,
resource efficiency and the fight against climate change. This
strategy of responsible growth is guided by the Saint-Gobain
purpose, "MAKING THE WORLD A BETTER HOME", which responds to the
shared ambition of all the women and men in the Group to act every
day to make the world a more beautiful and sustainable place to
live in .
EUR38.1 billion in sales in 2020
More than 167,000 employees, located in 70 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain,
visit www.saint-gobain.com and follow us on Twitter
@saintgobain
Analyst/investor relations Press relations
+33 1 88 54 +33 1 88 54
29 77 26 83
+33 1 88 54 Patricia Marie +33 1 88 54
Vivien Dardel 19 09 Bénédicte 14 75
Floriana Michalowska +33 1 88 54 Debusschere +33 1 88 54
Christelle Gannage 15 49 Susanne Trabitzsch 27 96
----------------------- ------------- --------------------- -------------
[1] United Kingdom, Ireland, Norway, Sweden, Denmark, Finland,
Baltics, Russia, Ukraine and CIS, Switzerland, Germany, Austria,
Czech Republic, Eastern Adriatic countries, Hungary, Slovakia,
Bulgaria, Romania
[2] Scope 1: direct emissions from sources that Saint-Gobain directly owns and controls
Scope 2: indirect emissions from the production of energy
purchased and consumed by Saint-Gobain
Scope 3: all other indirect emissions that occur in the Group's
value chain
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCEAKLLFEDFEEA
(END) Dow Jones Newswires
April 14, 2021 02:07 ET (06:07 GMT)
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Feb 2024 to Mar 2024
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Mar 2023 to Mar 2024