Our CO2 Commitments
Through the widely known GHG Protocol it was possible to analyze, through a complex and comprehensive model, the type of CO2 emissions in our business activity. The model provides a thorough analysis for each of the following emission types:
- Scope 1; emissions that refer to direct emissions from owned or controlled sources of product manufacturing. Which includes the emissions from fuel combustion and raw material de-carbonation.
- Scope 2; emissions that refer to indirect emissions from purchased energy (in particular electricity) consumed by the reporting company for product manufacturing.
- Scope 3; emissions that refer to all other indirect emissions that occur in a company’s value chain. They are divided into 15 categories related to upstream and downstream activities.
Using the GHG Protocol terminology allows us to characterize our CO2 emissions and to understand where we need to act. In our case, the major contribution is from our industrial process responsible for more than 85% of CO2 emissions in Scope 1. These direct emissions derive mainly from the fossil fuels used in the production. The emissions from Scope 3 represent approximately 10% of the total, while the purchased energy from Scope 2 represents approximately 5% of the total CO2 emissions.
Be better, everyday
Our initial actions are to decrease the CO2 emission from the sources that we can directly influence and control. For this, we will prioritize the substitution of fossil fuels with bio based combustibles and raw materials. Furthermore, we will increase our capability to improve our circular economy with the aim of decreasing the consumption of raw materials. As a short term plan of action, we plan to decrease the Scope 1 emissions more than 35% before 2025. But we will not rest on our laurels and we plan to go beyond our 2025 goals and achieve a reduction of more than 50% before 2030 when compared to our recorded historical 2017 emission data.
Regarding the electric energy use we are actively searching for sustainable green energy. In the local countries where fossil fuel energy is still a fundamental part of the grid we will invest in solar panels to create a sustainable energy source to reduce the energy emissions. We are actively working towards Zero CO2 emissions in Scope 2 within 2030.
It is our commitment to work closely with our suppliers to decrease the CO2 footprint of purchased goods and transport logistics. We have a clear strategy and drive to deliver our materials in a sustainable and eco-friendly way. Our commitment is to decrease more than 10% of the CO2 emission of Scope 3.
We recognize that we have a large emission footprint within our production centers in Europe, including LWA plants, block plants and other operational sites. Each center has been thoroughly analyzed, studied and tailor made projects have been defined and initiated accordingly. Some examples include; the re-opening of our LWA plant in Estonia, which will initiate product production with a modern bio based fuel operation, with a focus being set for a low CO2 production. In Denmark, we are already producing with bio energy and recycled materials.
Because our mission is; Improving Living Conditions and Protecting the Environment.