Holcim said it has become the first company in the building sector with net-zero targets for 2030 and 2050 validated by the Science Based Targets initiative (SBTi). Setting a new milestone for the sector, Holcim’s targets cover the entire value chain, including both direct and indirect emissions.
“The building sector has an essential role to play to accelerate our world’s transition to net zero,” said Jan Jenisch, Holcim CEO. “I am proud to be joining the Science Based Targets initiative today to announce Holcim’s net-zero pathway to 2050. By setting the first Net-Zero Standard for our industry, we are walking the talk on our commitment to take science-driven action to win the Race to net Zero.”
Holcim is currently accelerating reduction in CO2 intensity to exceed 20%, compared to its 2018 baseline, by 2030. By 2050, Holcim commits to reduce scope 1 and 2 emissions 90% per ton of cementitious materials from the 2018 baseline. Further, the company commits to reduce absolute scope 3 emissions 90% by 2050 from a 2020 base year, per SBTi Net Zero requirements.
“For the first time, the SBTi Net-Zero Standard offers companies robust certification to demonstrate to consumers, investors and regulators that their net-zero targets are reducing emissions at the pace and scale required to keep global warming to 1.5°C,” said Alberto Carrillo Pineda, co-founder and managing director of the SBTi. “We’re now inviting all companies with net-zero targets and ambitions to show stakeholders that their decarbonization pathway is aligned with science.”