SBTi Services has validated that the science-based greenhouse gas emissions reductions targets submitted by CERATIZIT conform with the SBTi Corporate Net Zero Standards and Guidance. The company has committed to reducing its absolute Scope 1, Scope 2, and selected Scope 3 greenhouse gas emissions by 54 percent by the fiscal year 2030, using the fiscal year 2020 as the base year. These Scope 3 categories include emissions from purchased goods and services, capital goods, fuel- and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting, and investments.
In addition, CERATIZIT has committed to reducing its absolute Scope 1, 2, and 3 emissions by 90 percent by 2040. To achieve net-zero emissions across its value chain by 2040, the company will prioritize deep emissions reductions and will compensate any remaining residual emissions in accordance with the Science Based Targets initiative (SBTi) Net-Zero Standard.
Significant Progress Already Achieved
In 2020, CERATIZIT reported total emissions of 316,503 tonnes of CO₂-equivalent. By 2023, this figure had already been reduced to 277,900 tonnes, marking a significant step toward decarbonization. The company identified its largest emission sources as purchased goods and services, which accounted for 31 percent of total emissions, followed by the processing of sold products at 24 percent, and upstream transportation and distribution at 13 percent.
CERATIZIT has committed to reporting annually on its progress toward these targets, following the Greenhouse Gas Protocol. The company will also review and, if necessary, recalculate its targets at least every five years to ensure continued alignment with the latest scientific guidance and any significant changes in its operations or emissions profile.
For more information about the SBTi and CERATIZIT’s validated targets, visit: www.sciencebasedtargets.org
About the Science Based Targets initiative (SBTi)
The Science Based Targets initiative is a global body that enables businesses to set ambitious emissions reduction targets in line with climate science. It is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practices in science-based target setting, offers resources and guidance, and independently assesses and approves companies’ targets.
CERATIZIT – with passion and a pioneering spirit for hard materials
For over 100 years, CERATIZIT, which is part of the Plansee Group, has been a pioneer in developing exceptional hard material solutions for machining and wear protection. The private company, with registered offices in Mamer, Luxembourg, develops and produces highly specialised cutting tools, indexable inserts, rods made from hard materials and wear parts. CERATIZIT is the global market leader in various application segments and successfully develops new carbide and cermet grades, such as for wood and stone working.
With more than 7,000 employees at more than 30 production facilities and a sales network with over 50 branches, CERATIZIT is a global player in the carbide industry. The company’s international network includes the subsidiaries AgriCarb, Stadler Metalle, and Xceliron as well as the joint venture CB-CERATIZIT.
The technology leader is continually investing in research and development and holds more than 1,000 patents. Innovative hard material solutions from CERATIZIT are used in various sectors, including mechanical engineering and toolmaking, in the automotive and aerospace industries and in the oil, gas and medical industries.
CERATIZIT Deutschland GmbH
Zeppelinstraße 12
87437 Kempten
Telefon: +49 (831) 57010-0
Telefax: +49 (831) 57010-3559
http://cuttingtools.ceratizit.com
PR Manager Cutting Tools
Telefon: +49 (831) 57010-3405
Fax: +49 (831) 57010-3678
E-Mail: norbert.stattler@ceratizit.com