Science Based Target initiatives (SBTi) validated Lyreco’s Greenhouse Gas Emissions until 2030
Lyreco announces that the Science Based Targets initiative (SBTis) has validated Lyreco’s Greenhouse Gas (GHG) Emissions Reduction (version 4.2); the SBTI’s Target Validation Team has classified Lyreco’s scope 1 and 2 target ambition and has determined that it is in line with a 1.5° C trajectory. Additionally, we are pleased to announce that our supplier engagement target has also been approved, further solidifying our commitment to sustainable practices throughout our supply chain.
Our target is: “Lyreco commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year. Lyreco also commits that 76% of its suppliers by emissions covering purchased goods and services and upstream transportation and distribution, will have science-based targets by 2026.”
Scope 1 refers to our direct GHG emissions such as emissions associated with fuel combustion in fleet vehicles, boilers or furnaces, and refrigerants. Scope 2 refers to indirect GHG emissions from energy generated off-site and consumed by Lyreco, such as electricity, stream and heat or cooling. Scope 3 covers all other indirect emissions that occur in Lyreco's upstream and downstream activities that do not fall within the organization's scope 1 and 2 boundaries.
GHG emissions, thereby contributing to our broader goal. As our Scope 3 emissions constitute approximately 95% of our overall emissions, this supplier engagement initiative is integral to fostering a more sustainable and environmentally friendly business model.
More information can be found in our Sustainability Report here.
Press Release
Science Based Targets initiative (SBTis) has validated Lyreco’s Greenhouse Gas (GHG) Emissions Reduction (version 4.2); the SBTI’s Target Validation Team has classified Lyreco’s scope 1 and 2 target ambition and has determined that it is in line with a 1.5° C trajectory.
We understand the importance of rapid and deep emission cuts in halving global emissions before 2030 and aim a net-zero before 2050. At Lyreco, we are committed to set near-term company-wide emission reductions in line with the climate science with the SBTi.
We not only hold ourselves accountable for our own sustainability ambitions, but we also encourage our suppliers to align with climate science too!
SBTI
The Science Based Targets initiative (SBTi) is a “global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve the emissions before 2030 and achieve net-zero emissions before 2050” (SBTi, 2023).
Learn more about Lyreco's targets on the SBTi dashboard here (search Lyreco).