On October 24, 2024, dsm-firmenich announced that the Science Based Targets Initiative (SBTi) validated its near-term and long-term climate targets. By focusing on climate mitigation activities in its own operations and value chain, dsm-firmenich aims to reduce its greenhouse gas emissions to net-zero by 2045.
SBTi is a collaboration between the United Nations Global Compact (UNGC), the World Resources Institute (WRI), the CDP and the World Wildlife Fund for Nature (WWF) to drive ambitious corporate climate action.
SBTi has evaluated that these targets are in line with the latest climate science, in keeping with the goal of limiting global warming to no more than 1.5°C.
SBTi also validated dsm-firmenich's near-term targets to:
- Reduce absolute scope 1 and 2 GHG emissions by 42% by 2030, from a 2021 base year.
- Reduce absolute scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, upstream transportation and distribution, and waste generated in operations by 25% by 2030, from a 2021 base year.
- Increase annual sourcing of purchased renewable electricity to 100% by 2025, and maintain that level through 2030.
The company's climate mitigation activities are said to include improvements in operational efficiency, a full transition to renewable electricity, the reduction of indirect value chain emissions in collaboration with suppliers, and working with customers to reduce emissions in their own operations through the solutions and services dsm-firmenich offers.
Dimitri de Vreeze, CEO, commented, "At dsm-firmenich, people, planet and profit are all critically important, and our ambition of becoming net-zero by 2045 is underpinned by science and decisive action. Submission of our climate targets for external validation underscores our unwavering focus on sustainability. We are pleased to embark on this journey alongside our customers and suppliers, whose partnership is essential to our collective success."
Katharina Stenholm, chief sustainability officer, commented, "Our commitment to fight global warming goes beyond necessity. With our reach, scale, and scientific expertise, we have a responsibility to make an impact that counts. Climate change is one of the most pressing issues of our time, and helping to tackle it is a deliberate choice throughout our business, our value chain, and beyond. That's how we drive progress for people and the planet."
