Dutch coatings supplier Stahl Holdings B.V. has had its near-term greenhouse gas (GHG) emissions reduction targets validated by the Science Based Targets Initiative (SBTi).
One of the few coatings companies to have its targets validated, the move reflects the company’s commitment to the 2015 Paris Agreement. They are to reduce absolute Scope 1 and 2 GHG emissions by 42 percent, and absolute Scope 3 GHG emissions, both by 2030 from a 2021 base year.
Some 145 companies in the chemicals sector have submitted emissions reduction targets to the SBTi, only 61 of which have been validated.
Emissions reduction targets are classified by two temperature pathways: limiting global temperature rises to 1.5 degrees above pre-industrial levels, and limiting temperature rises to well below 2 degrees Celsius. Stahl’s 3 targets have been deemed to be in line with the designated pathways.
“Our targets are ambitious and rightly so,” said Maarten Heijbroek, CEO of Stahl, which is based in Waalwijk, the Netherlands. “Realizing our goal to create a more responsible coatings value chain starts with being accountable for our own environmental impact and taking concrete steps to reduce our emissions wherever possible.”
Stahl’s Scope 1and 2 GHG emissions reduction targets cover all the company’s manufacturing sites as well as its largest non-manufacturing locations. The company plans to lower emissions by reducing overall energy consumption and increasing use of renewable energy at its sites. It will do that by increasing use of solar power and investing in more energy-efficient equipment.
Scope 3 upstream emissions will be reduced by replacing fossil-based raw materials in its products with renewable alternatives such as bio-based and recycled-based feedstocks. Stahl will also introduce more low-impact raw materials into its product design.
The goal of the Science Based Targets Initiative is to enable businesses to set ambitious remissions reductions targets according to the latest climate science. It is pushing companies globally to halve emissions by 2030 and achieve net-zero emissions before 2050.
It is a collaboration between the Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).