View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 22, 2020

Michelin CO2 reduction targets approved by SBTi

Michelin’s CO2 emissions-reduction targets have been validated by Science Based Targets Initiative (SBTi).

By Rhodri Morgan

Michelin’s CO2 emissions-reduction targets have been validated by Science Based Targets Initiative (SBTi).

Michelin has commited to reducing absolute scope 1 and 2 GHG emissions by +38% by 2030 from a 2010 base year.

The supplier is also commitinig to reduce absolute scope 3 GHG emissions from fuel- and energy-related activities; upstream and downstream transportation and distribution; and end-of-life treatment of sold products by +15% by 2030 from a 2018 base year.

Equally, Michelin says more than 70% of its suppliers by emissions covering purchased goods and services will have science-based targets by 2024.

Scope 1 emissions are generated by sources owned or controlled by the company, while Scope 2 emissions result from the generation of energy purchased and consumed by the supplier. Scope 3 covers emissions resulting from the company’s business, but generated by sources not owned or controlled by the company.

Obtaining approval from SBTi represents a first step toward carbon neutrality by paving the way for net-zero Scope 1 and 2 emissions at all Michelin sites by 2050.

“Gaining SBTi’s approval of our CO2 reduction targets is additional proof of the pertinence of our environmental strategy,” said Michelin CEO, Florent Menegaux.

“Michelin Group has great ambitions, fully in line with its strategy and a very long-term vision with regard to the fight against global warming. I firmly believe that, for all of our business lines, the current crisis is an opportunity to step up our activities, products and initiatives aimed at protecting the environment.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto