GCC announced that its 2030 greenhouse gas (GHG) emissions reduction target has been validated by the Science-Based Targets initiative (SBTi).
GCC’s target aims to reduce scope 1 and 2 emissions by 30.7% and 57% per ton, respectively, of cementitious materials by 2030, compared to a 2015 base year. The producer further commits to reduce absolute scope 3 GHG emissions from use of sold products by 37.5% within the same timeframe.
“We are proud and excited to be a catalyst of progress towards a low-carbon future. Our laser-focus on our climate change strategy and emphasis on reducing CO2 emissions is a testament to our commitment to creating a sustainable future,” said Gina Lotito, vice president of sustainability and environment, GCC. “While we celebrate our achievements, we acknowledge that there is still much work to be done and remain steadfast in our mission.”
Furthermore, GCC’s validated target is the sustainability performance target (SPT) of its $500 million Sustainability-Linked Bond issued in January 2022. An independent reviewer will verify the target annually, and performance results will be available on GCC’s website for public access.
