International. Stahl, a supplier of coating technologies, announces that its short-term greenhouse gas (GHG) emission reduction targets have been validated by the Science Based Targets (SBTi) initiative.
Stahl is one of the few coatings companies to receive this validation. To date, 145 companies in the chemical sector have submitted an emission reduction target to the SBTi, of which 61 have had their targets validated.
Stahl's science-based goals, which reflect the company's commitment to the goals of the 2015 Paris Agreement, are:
Stahl Holdings B.V. is committed to reducing absolute scope 1 and 2 GHG emissions by 42.0% by CY2030 from a base year CY2021.
Stahl Holdings B.V. is committed to reducing absolute scope 3 GHG emissions by 25.0% by CY2030 from a base year CY2021.
The SBTi classifies emission reduction targets according to two potential temperature pathways:
1) limit global temperature increases to 1.5°C above pre-industrial levels, and 2) limit temperature increases to well below 2°C.
The SBTi has determined that Stahl's Scope 1 and 2 target is in line with a trajectory of 1.5°C, while Stahl's Scope 3 target has been validated in line with the trajectory well below 2°C.
Stahl CEO Maarten Heijbroek stated: "SBTi's validation of our Scope 1, 2 and 3 emissions reduction targets is an important milestone in our ESG journey as we strive to limit our contribution to global warming, in line with the Paris Agreement."
"Our goals are ambitious, and rightly so. Achieving our goal of helping to create a more responsible coatings value chain starts with being responsible for our own environmental impact and taking concrete steps to reduce our emissions wherever possible."
Stahl's approach to achieving its near-term emissions reduction targets is outlined in the company's 2030 environmental, social and governance (ESG) roadmap. This strategy defines the specific metrics against which the progress of the company's ESG commitments will be measured.
Stahl's Scope 1 and 2 GHG emissions reduction targets, as presented to the SBTi, cover emissions from all manufacturing sites where Stahl's products are produced, as well as the company's largest non-manufacturing locations.
Stahl aims to reduce these emissions by reducing its total energy consumption and increasing the use of renewable energy at its sites. To achieve this, the company plans to increase its own electricity generation capacity (using solar energy, for example) and continue to invest in more energy-efficient equipment.
Stahl plans to reduce its Scope 3 upstream emissions primarily by replacing fossil-based raw materials in its products with renewable alternatives, such as bio-based and recycled feedstocks. In addition, the company plans to introduce more low-impact raw materials into the design of its products.
