13 June 2024: Glamox has today announced that the Science Based Target initiative (SBTi) has verified Glamox’s net-zero science-based target by 2045.
The latest climate science from the IPCC - described by the UN as “code red for humanity” - shows that it is still possible to limit global temperature rise to 1.5°C. However, we are dangerously close to that threshold. That illustrates the importance of bringing about rapid and deep emission cuts to halve global emissions before 2030 and achieve net-zero before 2050.
“Glamox aims to have net-zero operations by 2030 and to reach net-zero greenhouse gas emissions across its value chain by 2045. This includes taking steps to cut emissions and make better choices in our production. Another important step has been to set science-based targets and have them validated through the SBTi. I am proud that we have now reached this milestone, yet much remains to be done. Glamox will continue its efforts to further reduce our environmental impact,” says Glamox Group CEO Astrid Simonsen Joos.
Glamox’s Net-Zero Science-Based Targets
The Science Based Targets initiative has validated that the greenhouse gas emissions reductions target(s) submitted by Glamox conform with the SBTi Corporate Net Zero Standard. SBTi has classified Glamox’s scope 1 and 2 target ambition as in line with a 1.5°C trajectory:
- Overall Net-Zero Target: Glamox commits to reach net-zero greenhouse gas emissions across the value chain by 2045.
- Near-Term Targets: Glamox commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2022 base year. Glamox also commits to reduce absolute scope 3 emissions GHG 25% within the same timeframe.
- Long-Term Targets: Glamox commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2045 from a 2022 base year. Glamox also commits to reduce absolute scope 3 GHG emissions by 90% within the same time frame.
Normative, whose carbon accounting solutions have helped thousands of businesses develop net-zero plans, has collaborated with Glamox in the process.
“We are thrilled to collaborate with Glamox on its journey to net-zero emissions. Science-based targets are an important tool for businesses to hold themselves accountable for their reduction goals, and getting those targets validated represents the culmination of months of very hard work. We look forward to partnering with Glamox in the years ahead to make those reductions happen”, says Kristian Rönn, CEO at Normative.
Environmental excellence
Besides setting and validating science-based targets, Glamox has implemented a variety of projects and changes to reduce its environmental impact.
“The pursuit of environmental excellence is core to our strategy. Our operations strive towards environmental excellence, reducing emissions, waste, and consciously selecting materials to support a circular economy. Furthermore, we actively engage with our suppliers to ensure responsible practices and transparency across our supply chain,” said Astrid Simonsen Jooss.
Follow-up questions can be sent to Silje Kristin Grip.
About SBTi:
The Science Based Targets initiative (SBTi) is a corporate climate action organisation that enables companies and financial institutions worldwide to play their part in combating the climate crisis. SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
SBTi develops standards, tools and guidance which allow companies to set greenhouse gas (GHG) emissions reductions targets in line with what is needed to keep global heating below catastrophic levels and reach net-zero by 2050 at the latest.
What are Scope 1, 2, and 3 emissions?
- Scope 1 emissions: These are direct emissions from sources owned or controlled by the company. For example, burning oil or gas to heat in buildings.
- Scope 2 emissions: These are indirect emissions resulting from purchased energy, such as electricity. Even though they may occur at distant power plants, the company is responsible for them because its demand drives energy production.
- Scope 3 emissions: These cover all other indirect sources of greenhouse gases related to Glamox’s operations. These include emissions from materials and supplies purchased (like aluminium), and emissions from finished lighting products. These are the most challenging to measure and prevent/mitigate.