ABB Net Zero target approved

ABB has welcomed the approval of its emissions reduction targets by the Science Based Targets initiative (SBTi). As part of the company’s efforts to enable a low-carbon society 

ABB submitted updated scope 1, 2 and 3 targets for 2030 and 2050 to the SBTi. The approval of ABB’s science-based targets by the SBTi confirms ABB’s approach as science-based in accordance with the Paris Agreement. 

The SBTi approved the following ABB targets: 

Near term targets

  • Reduce absolute Scope 1 & 2 CO2e emissions 80 percent by 2030 versus a 2019 baseline
  • Reduce absolute Scope 3 emissions 25 percent by 2030 from a 2022 baseline 

Long term targets 

  • Reduce Scope 1 & 2 CO2e emissions 100% by 2050 versus a 2019 baseline
  • Reduce absolute Scope 3 emissions 90% by 2050 from a 2022 baseline
  • Reach net-zero greenhouse gas emissions across the value chain by 2050

Anke Hampel, group head of sustainability at ABB, said: “As a technology leader in electrification and automation, ABB is at the core of accelerating the energy transition. We are committed to reduce our scope 1 and 2 emissions by 80% by 2030 and 100% by 2050 and have already achieved a 76% reduction versus our 2019 baseline.

“With our new Scope 3 targets we will increase our engagement with our value chain partners on decarbonisation whilst providing products and solutions to our customers to enable them to scale-up renewables, increase energy efficiency, electrify processes and reduce emissions. The validation of our updated targets by the Science-Based Targets initiative demonstrates that our ambitions and methodology align with the latest climate science.”

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