Titan Cement Group strengthened its commitment to net zero and updated its science-based CO2 targets to levels aligned with limiting the global temperature increase to 1.5°C.
The new targets have been submitted to the Science Based Targets initiative (SBTi) for validation.
With its new science-based targets, Titan seeks to address not only direct (Scope 1) emissions and indirect emissions from the generation of purchased electricity (Scope 2), but also other indirect emissions of the supply chain (Scope 3). By 2050, the company seeks to achieve net-zero greenhouse gas emissions across the value chain.
In the third quarter of 2022, Titan reduced its net CO2 emissions by 5.5%, or double the pace achieved in the equivalent period last year. Since 1990, the company has reduced its CO2 footprint by 20%.
“The initiatives in our decarbonization roadmap offer significant business-growth opportunities,” said Marcel Cobuz, chairman of the Titan Group executive committee. “Our technology and sales teams across all our markets are focused on decarbonizing faster our operations and offering our customers increasingly more sustainable and circular solutions.”
In July 2021, Titan was one of the first building materials companies worldwide to have its CO2 reduction targets validated by the SBTi as consistent with the well-below 2°C ambition. Titan, together with its peers in the Global Cement and Concrete Association, was an active contributor to the development of SBTI’s new 1.5°C science-based framework to decarbonize the cement industry.