Air Liquide’s 2035 CO2 trajectory validated by the Science Based Targets initiative (SBTi)
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Air Liquide’s target to reduce its Scope 1 & 2 CO2 emissions by 2035 has been validated by the Science Based Targets initiative (SBTi) as qualified and aligned with climate science. The Group is the first in its industry to obtain validation from the Science Based Targets Initiative. This approval represents an important milestone towards the Group’s ambition to reach carbon neutrality by 2050.
The Science Based Targets initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World-Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting and independently assesses companies’ targets.
Air Liquide's 2035 Climate Objectives address Scope 1 & 2 emissions. The Group aims at global carbon neutrality by 2050, and has therefore initiated an extensive review of its Scope 3 emissions. This is further illustrated by its participation in the SBTi-led project to develop a Sector Decarbonization Approach (SDA) for the chemical sector. This project sets out to develop standardized methods and best practices for emissions accounting, with a focus on critical Scope 3 categories for the chemical industry.
Sustainable Development is fully embedded in Air Liquide’s strategy and in its investment decisions. Unveiled on March 22, 2022, the Group’s new strategic plan for 2025, ADVANCE, combines financial and extra-financial performance, into a global performance commitment.
Fabienne Lecorvaisier, Executive Vice President and Member of the Executive Committee, in charge of Sustainable Development, Public and International Affairs as well as the supervision of the Social Programs and the General Secretariat, said :
“The validation by a leading and independent authority such as the SBTi represents a major recognition of Air Liquide’s plan to reduce its carbon footprint by 2035, on a trajectory to ultimately reach carbon neutrality by 2050. CO2 emissions reduction is a key objective of our strategic plan for 2025, ADVANCE. Air Liquide’s strong commitment to act for a sustainable future not only includes reducing the carbon emissions of its own assets, but also helping its customers to reduce their CO2 emissions and developing low-carbon ecosystems. The Group is committed to global performance, not only financial, but also environmental and societal. ”
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