Sweden’s Essity’s aim to reach net-zero emissions validated by SBTi

August 23, 2024 - Sweden

Hygiene and health company Essity’s targets to reach net zero greenhouse gas emissions by 2050 have been validated by Science Based Targets initiative (SBTi). The validation applies to all near- and long-term targets in Scope 1, 2, and 3. The roadmap has been developed as part of the UN Global Compact’s ‘Business Ambition for 1.5°C’.

Essity’s long-term target is to achieve net zero emissions across the value chain no later than 2050. The company's near-term Scope 1 and 2 target (energy use within the company and purchased energy) is to reach a 35 per cent reduction by 2030 and the near-term Scope 3 target (including purchased goods and services, transportation, production waste and end-of-life treatment of sold products) has been updated from 18 per cent to a 35 per cent reduction within the same timeframe. All targets are relative to a 2016 baseline, the company said in a press release.

“Climate change is one of the defining issues of our time, and Essity has made a firm commitment to achieve net zero emissions by 2050. Our progress is driven by a sense of urgency throughout the organisation, together with a strong innovation focus, and collaboration with customers, partners, and suppliers,” said Magnus Groth, president and CEO of Essity.