Swedish mining equipment manufacturer Epiroc says its ambitious 2030 business CO2 emission-reduction targets, including halving its total “absolute” emissions by 2030, have been externally validated as being in line with Paris Climate Agreement goals.
The Science Based Targets initiative (SBTi) is an international alliance involving the Carbon Disclosure Project, the UN Global Compact, the World Resources Institute and the World Wide Fund for Nature.
Epiroc CEO Helena Hedblom said SBTi “approval of our goals” reinforced the company’s standing as a sustainability leader. “Epiroc is committed to halve CO2 emissions from the use of our equipment as well as in our own production and in transport by 2030,” she said.
Using 2019 as a base year, Epiroc believes it can cut its Scope 1 and 2 internal emissions by half by 2030.
However, more than 99% of Epiroc’s total CO2 emissions are indirect emissions with 83% said to come from users of its products. The transition from diesel-powered to battery-electric machines “will make a significant impact”, according to the company.
It wants to halve its transport emissions, shifting product transport from air to sea, have “relevant suppliers” cut their emissions by 50%, and shift to 90% renewable energy in its operations.