The Race To Net Zero picks up pace as Recticel emissions reduction targets are validated by the SBTi

Recticel NV/SA, 11.04.2024

Recticel Group is proud to announce that its science-based greenhouse gas emissions reduction targets have been validated by the Science Based Targets initiative (SBTi). The journey towards validation began in October 2022, when we formalised our commitment to the initiative and started building a comprehensive emissions reduction plan. The targets were submitted in July 2023 and approved on 14 February 2024.

What is the SBTi?

The SBTi enables organisations to set ambitious emissions reduction targets that are in line with the latest climate science. The organisation’s goal is to accelerate efforts by businesses across the world to halve emissions before 2030 and achieve net-zero before 2050.

What are our commitments?

Near-term targets
Recticel has committed to reduce absolute scope 1 and scope 2 GHG emissions by 90% by 2030 from a 2021 base year. It has also committed to reduce scope 3 GHG emissions by 25% within the same timeframe. The SBTi has classified Recticel’s scope 1 and scope 2 target ambitions as in line with a 1.5° trajectory.

Long-term targets
Recticel has committed to maintain at least 90% absolute scope 1 and scope 2 GHG emissions reductions from 2030 through to 2050, from a 2021 base year.

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Jan Vergote (CEO Recticel Group): “By working towards its science-based targets, Recticel is reducing its carbon footprint, increasing energy efficiency and demonstrating leadership in the transition to a low-carbon economy. The Group is also actively engaging with partners along the value chain to join forces and drive progress. Recticel encourages its suppliers to align with climate science by likewise committing to science-based and net-zero targets.“