Sibelco’s 5% per year scope 1-2 intensity reduction target is one of the toughest set to date by any business in the industrial minerals sector. Sibelco will invest approximately €90 million in new technologies and operational excellence initiatives between 2021 and 2030 to support its goal.
By setting this ambitious reduction target, Sibelco is demonstrating its commitment to the zero-carbon transition aligned with the Paris Agreement and its goal to limit global warming to well below 2°C compared to pre-industrial levels.
An additional target for scope 3 emissions will be confirmed in 2022 after further consultation with customers and suppliers.
Commenting on the new target, Sibelco CEO, Hilmar Rode said:
“Sibelco is committed to supporting the world’s transition to a zero-carbon economy. The ambitious target we have set ourselves for scope 1-2 emissions, and will next year set for scope 3, is central to our overall sustainability strategy and we will work closely with all stakeholders to achieve our goal.”