Reducing CO₂ emissions – with science-based targets by 2030
The Model Group sets itself clear emission reduction targets as part of the Science Based Targets initiative, SBTi for short. The cross-industry, global standard is based on the clearly below 2°C target of the Paris Agreement. It offers companies a scientifically sound framework for their climate goals.
In 2020, Model joined the initiative and SBTi approved the company's CO₂ reduction targets in February 2022. Thus, the already existing sustainability goals of Model Group can be underlined even more strongly by further measures. The Model Group's climate targets follow the path towards net zero. They include the company's own operations as well as the upstream and downstream supply chains.
Requirements of the Science Based Targets initiative
The SBTi provides participating companies with the following areas for CO₂ reduction:
Scope 1: Reporting company, for example, emissions from operational plants, vehicles, processes
Scope 2: Indirect purchased energy, for example, emissions from purchased electricity, heating and cooling for personal use
Scope 3: Upstream & downstream activities, for example, emissions from the treatment of operational waste, purchased goods and services, outsourced transport
Model Group Sustainability Team
In order to consistently pursue the climate goals, the Model Group put together a transnational sustainability team. It develops a concrete SBTi Action Plan for all of the Group's plants in different countries. In the next step, the measures will be evaluated, included in the budget, and implemented from 2023.