TIDMCOD
RNS Number : 1040F
Compagnie de Saint-Gobain
12 November 2020
PRESS RELEASE
November 12, 2020
SAINT-GOBAIN SETS OUT ITS CO(2) ROADMAP
TOWARDS CARBON NEUTRALITY BY 2050
Saint-Gobain today sets out its CO(2) roadmap for achieving
carbon neutrality. The roadmap incorporates the Group's new
commitments through to 2030 in terms of reducing not only its
direct and indirect carbon dioxide emissions, but also the
emissions along its value chain. These new targets for 2030 have
been validated by the Science-Based Targets (SBT) initiative [1]
which considers them aligned with the Group's 2050 net-zero
commitment. To meet its targets, Saint-Gobain will dedicate a
targeted capital expenditure and R&D budget of around EUR100
million per year until 2030. This approach will be the basis for
the decisions that the Group will take to achieve carbon neutrality
by 2050.
Saint-Gobain's response to climate change
Besides its efforts to become carbon neutral in its operations,
Saint-Gobain provides solutions to its customers and end-users to
address the climate and environmental challenges that they face. In
the construction industry, which accounts for around 40% of global
CO(2) emissions, Saint-Gobain develops and markets solutions to
improve the energy efficiency in buildings, and solutions with a
reduced carbon footprint - such as for light construction -
designed to replace traditional, more carbon-intensive heavy
building materials.
Elsewhere, through its High Performance Solutions segment, the
Group helps the transport industry in its transition thanks to
lightweight and more energy efficient solutions. It also aids
industrial producers by providing them with solutions to reduce
energy consumption in their manufacturing processes.
On September 23, 2019 in New York, Saint-Gobain formalized its
support for the UN Global Compact's "Business Ambition for
1.5degC". In doing so, it committed to achieving carbon neutrality,
or net-zero CO(2) emissions, by no later than 2050. As a
consequence, the Group will reduce its carbon emissions to a
maximum by 2050 and employ measures to absorb any residual
emissions.
Today, Saint-Gobain is unveiling its new ambitions and the main
axes of its CO(2) roadmap towards carbon neutrality in 2050, which
comprises several stages: the 2025 targets confirmed by the Group
represent the first milestone, which is supplemented by new targets
for 2030.
Intensified efforts
This commitment is part of an approach pursued over many years,
which has seen Saint-Gobain set out formal targets to reduce its
environmental footprint, in particular a reduction in CO(2)
emissions (Scope 1 + 2) by 20% between 2010 and 2025 at
iso-production. In 2019 Saint-Gobain achieved a 14.5% reduction
versus 2010 on this basis, leaving the Group well-placed to meet
its 2025 target. The reduction targets for 2030 reflect how the
Group is accelerating and enhancing its efforts. After having
validated Saint-Gobain's 2025 ambition in 2019, the SBT initiative
has now validated the Group's targets for 2030, recognizing how the
Group has accelerated and deepened its ambitions in line with its
target to become carbon neutral by 2050.
New 2030 targets
- Reduction in its direct and indirect CO(2) emissions (scope 1
+ 2) to 9 million tons, i.e., of 33% [2] in absolute terms compared
with 2017;
- Reduction in its scope 3 CO(2) emissions of 16% in absolute
terms, for all relevant categories for Saint-Gobain [3] , compared
to 2017.
Levers for action
In order to reduce its CO(2) emissions and achieve carbon
neutrality, the Group is focusing its efforts on four key
levers:
1) Optimization and reduction of its energy use:
- Installation of equipment and digital tools to adjust energy
consumption as closely as possible to requirements: launch of a
large-scale Group program combining the installation of sensors,
the use of algorithms in production chains and the training of
engineers;
- Increase the proportion of lost heat re-used, reduction of
standby losses, improved insulation and extension of heat recovery
systems.
2) Innovation in its processes, both industrial and product design:
- Development of detailed roadmaps for each industrial process,
supplemented by action plans developed and implemented by each
country, based on knowledge of the local market and regulatory
environment;
- Product design: lighter products, products made using
low-carbon raw materials, products with high recycled content.
3) Transition towards carbon-free energy:
- Substitution of high carbon-based energies by zero or lower
carbon-based energies: green electricity, replacement of heavy fuel
with natural gas, replacement of natural gas by biogas;
- Substitution of carbon-based energy with decarbonized energy
requiring substantial modification of our processes (post-2030):
direct electrification or green hydrogen.
4) Mobilization of suppliers and new initiatives in transport:
- For suppliers: comparison of their performance on the basis of
CO(2) emissions criteria both in terms of their operations and for
the products concerned, signature of our Responsible Purchasing
Charter, collection of detailed information on their commitments in
terms of sustainable development, encouraging large emitters to
adopt an SBT approach;
- For transport: optimized logistics, fuel efficiency
improvements, use of decarbonized fuels, replacement of road
transport by rail & water, working alongside logistics
suppliers.
For any residual emissions the Group intends to investigate
carbon capture and sequestration solutions.
Intensified commitment
The Group is rolling out measures to support its roadmap towards
to carbon neutrality.
CSR objectives now represent a larger share of long-term
management incentive criteria: their weighting is raised from 15%
to 20%, with CO(2) objectives increasing from 5% to 10%.
In addition, two internal carbon prices are used: EUR30 per ton
for industrial investments and EUR100 per ton for R&D
investment in breakthrough technology.
Finally, the Group will allocate a budget of around EUR100
million per year until 2030 to targeted capital expenditure and
R&D investments in order to achieve its targets.
Pierre-André de Chalendar, Chairman and Chief Executive Officer
of Saint-Gobain, commented:
"Our commitment to carbon neutrality guides our actions and our
decisions at all levels of the organization. The long-term approach
needed is aligned with that of our stakeholders. We have an
important responsibility as a major industrial group and committed
actor, and finding solutions to environmental challenges has been
at the heart of our strategy for many years now. In addition to
working towards its own carbon neutrality, Saint-Gobain makes a
very significant positive contribution to our environment and our
markets through products, solutions and services that help our
customers transition to a low-carbon economy. Our insulating
solutions sold in one year enable the avoidance of over 100 times
the Group's greenhouse gas emissions, which represents the
prevention of over 1,200 million tons CO(2) equivalent over their
lifespan."
Benoit Bazin, Chief Operating Officer, added:
"For businesses like ours, achieving carbon neutrality in 2050
means taking action today. 2030 is just around the corner and the
decade ahead of us is crucial. In addition to ongoing improvement
and operational excellence programs, we deploy R&D efforts and
make targeted investments which will enable us to further
accelerate our action thanks to disruptive innovations. Our
employees are fully committed to the cause and more than ready to
take on this challenge."
Our CO(2) roadmap is embedded in our environmental strategy
These CO(2) targets reflect an acceleration and expansion in the
Group's scope of action compared to its 2025 goals. They are part
of a series of new commitments for 2030 in other key areas of its
environmental strategy:
- Natural resources and circular economy: 80% reduction in
non-recovered production waste [4] ; 30% increase in virgin raw
materials avoided [5] ;
- Water: 50% reduction in industrial water withdrawal [6] , zero
discharge in drought areas [7] ;
- Packaging: 100% recyclable packaging, containing more than 30%
recycled or biosourced materials;
- Product portfolio: third-party verified Environmental Product
Declarations (EPD), based on Life Cycle Analysis (LCA) for 100% of
our product ranges [8] .
The Group's extensive exposure to the renovation market means it
is ideally placed to play a decisive role in national and European
stimulus plans focused on the energy transition, which should
support Saint-Gobain's structural growth.
Saint-Gobain's medium and long-term outlook is robust thanks to
its successful strategic and organizational choices: sustainability
- thanks to our solutions to protect our planet while offering
comfort and wellbeing - and enhanced customer performance. This
strategy is perfectly in tune with the Group's purpose: "Making the
world a better home".
A presentation on Saint-Gobain's roadmap to carbon neutrality is
available on our website. To find out more about the Group's
commitments and its path to carbon neutrality, visit
https://www.saint-gobain.com/en/net-zero-carbon.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions which are key ingredients in the wellbeing of each of us
and the future of all. They can be found everywhere in our living
places and our daily life: in buildings, transportation,
infrastructure and in many industrial applications. They provide
comfort, performance and safety while addressing the challenges of
sustainable construction, resource efficiency and climate
change.
EUR42.6 billion in sales in 2019
Operates in 70 countries
More than 170,000 employees
For more information about Saint-Gobain
Visit www.saint-gobain.com
and follow us on Twitter @saintgobain
Analyst/Investor relations Press relations
+33 1 88 54 +33 1 88 54 23
29 77 45
+33 1 88 54 +33 1 88 54
Vivien Dardel 19 09 Laurence Pernot 26 83
Floriana Michalowska +33 1 88 54 Patricia Marie +33 1 88 54
Christelle Gannage 15 49 Susanne Trabitzsch 27 96
----------------------- ------------- -------------------- ---------------
[1] Science-Based Targets, a joint initiative of CDP, the UN
Global Compact, the World Resources Institute (WRI) and the World
Wildlife Fund (WWF), and one of the We Mean Business coalition
commitments, defines and promotes best practice in science-based
target setting, and independently assesses and approves companies'
targets to accelerate the transition to a low-carbon economy.
[2] Reduction of 30% in absolute terms compared to actual
emissions in 2017, and of 33% compared to 2017 emissions as
adjusted for acquisitions made between 2017 and the date on which
the targets were validated.
[3] Purchased goods and services, energy-related activities,
upstream and downstream transport and distribution, business
travel, and end-of-life treatment of products sold (categories
validated by the SBT).
[4] Compared to 2017.
[5] In absolute terms, compared to 2017.
[6] For all sites, compared to 2017.
[7] Compared to 2017. Aqueduct's tools map water risks such as
floods, droughts, and stress, using open-source, peer reviewed
data. https:// www.wri.org/aqueduct/about
[8] Compared to 2017.
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