(Telestock) – Science Based Targets initiative (SBTi) has approved short- and long-term targets for the reduction of absolute greenhouse gas (GHG) emissions by Pirellicommunicated last March on the occasion of the presentation of the update of the Industrial Plan 2024-2025. In particular, SBTi – which defines and promotes best practices, based on scientific elements, for the reduction of emissions – has validated Pirelli’s “long term” target of Net Zero by 2040, the most challenging among tyre makers, i.e. reduction of absolute greenhouse gas emissions of Scope 1, 2 and 3[1] of at least 90% compared to the reference year 2018.
Such actions were deemed in line with theParis Agreement to keep global warming within 1.5°C. SBTi has also approved the other objectives of decarbonisation “near term” targets that foresee an 80% reduction in absolute greenhouse gas emissions (Scope 1 and 2) by 2030 compared to 2018 and a 30% reduction in emissions from the purchase of raw materials, services and transport by 2030 compared to 2018 (Scope 3).
Marco Tronchetti ProveraExecutive Vice President of Pirelli, commented: “The validation of our Net Zero targets for 2040 by the Science Based Targets initiative makes us proud, as it confirms the scientific soundness of the path that sees us committed throughout the value chain. A path that is part of a complex global context and a transition process whose resilience must be supported by realistic and sustainable objectives”.
Born from the collaboration between CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wildlife Fund for Nature (WWF), SBTi aims to guide companies in defining ambitious goals based on science to contain the increase in the planet’s temperatures.