TIDMCOD

RNS Number : 0792Y

Compagnie de Saint-Gobain

02 September 2022

 
 
 

Saint-Gobain's commitments to reduce its CO(2) emissions by 2050 approved by the Science Based Targets initiative

Saint-Gobain, committed to achieving carbon neutrality by 2050, announces that the Science Based Targets initiative[1] has approved its greenhouse gas emission reduction targets as consistent with the organization's new net zero standard and the Paris Climate Agreement. Saint-Gobain is the first company in its sector worldwide to receive this approval since the introduction of the new standard at the end of last year.

This validation of the Group's long-term commitments to achieve net zero CO(2) emissions, both direct and indirect, along its entire value chain by 2050 allows it to further refine its roadmap towards carbon neutrality. It will entail a reduction in CO(2) emissions of at least 90% in the three scopes by 2050, with additional sequestration projects planned for residual emissions.

"Saint-Gobain is very proud to have our greenhouse gas emission reduction targets approved by the SBTi to achieve carbon neutrality by 2050. For Saint-Gobain, social and environmental responsibility is a long-term commitment and with a continuous process towards excellence. This recognition validates Saint-Gobain's commitments in the fight against climate change, with the aim of maximizing the positive impact the Group brings to its customers and minimizing its own environmental footprint," says Claire Pedini, Senior Vice President, Human Resources and Corporate Social Responsibility of Saint-Gobain.

Saint-Gobain's commitments to reduce in absolute terms by 2030 from 2017 its direct and indirect CO(2) emissions (scopes 1 and 2) by 33% and its scope 3 emissions, mainly linked to purchasing and transport, by 16% by 2030 was already validated in November 2020 by the SBTi.

The Group will continue to accelerate its roadmap, notably through improvements in energy efficiency, product weight reduction, increased recycled content and the use of green energies, in order to align its targets with the most demanding trajectory, that limits the rise in temperatures to 1.5degC.

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures

and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization

of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose,

"MAKING THE WORLD A BETTER HOME".

EUR44.2 billion in sales in 2021

166,000 employees, locations in 76 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

[1] Originating from a collaboration between CDP, the UN Global Compact, the World Resource Institute (WRI), and the World Wildlife Fund (WWF), and one of the commitments of the We Mean Business coalition, the Science Based Targets initiative defines and promotes best practices in science-based target setting and independently evaluates and approves corporate targets to accelerate the transition to a low-carbon economy.

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

MSCEAKNAEDFAEEA

(END) Dow Jones Newswires

September 02, 2022 06:25 ET (10:25 GMT)

Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Nov 2022 to Dec 2022 Click Here for more Compagnie De Saint-gobain Charts.
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Dec 2021 to Dec 2022 Click Here for more Compagnie De Saint-gobain Charts.