Air Liquide’s 2035 CO2 trajectory validated by the Science Based Targets initiative (SBTi)
May 20 2022 - 2:45AM
Business Wire
Regulatory News:
Air Liquide’s (Paris:AI) 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. ”
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 75 countries with
approximately 66,400 employees and serves more than 3.8 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 23 billion euros in
2021. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50 and FTSE4Good indexes.
www.airliquide.com Follow us on Twitter
@airliquidegroup
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