Hempel’s Target To Half Greenhouse Gas Emissions In Its Entire Value Chain By 2030 Is Approved By Science Based Targets Initiative

Hempel has had its emissions reduction targets approved by the Science Based Targets Initiative (SBTi). 

The targets covering greenhouse gas emissions from Hempel’s operations (scopes 1 and 2) are consistent with reductions required to keep warming to 1.5°C, what the latest climate science has told us is needed to prevent the most damaging effects of climate change. 

Emission goals

Hempel’s target for the emissions from its value chain (scope 3) meets the SBTi’s criteria for ambitious value chain goals, meaning they are in line with current best practices. The goals are: 

• Hempel A/S commits to reduce absolute scope 1 and 2 GHG emissions by 90% by 2026 from a 2019 base year 
  This target is based on Scope 1 and 2 emissions, which relate to energy use in Hempel’s operations, e.g. powering its premises, and its company vehicle fleet worldwide.  

• Hempel A/S also commits to reducing absolute scope 3 GHG emissions by 2030 from a 2019 base year 
  This target is based on Scope 3 emissions, relating to the impact of Hempel’s suppliers and customers, across the entire value chain.  

science-based targets

Reaching our science-based targets requires that sustainability is integrated into everything we do"

“We are putting sustainability at the heart of Hempel. Like all companies, we have a responsibility to reduce the emissions our operations create and the number of resources we use,” says Katarina Lindstroem, Executive Vice President of Research and Technology and Chief Operating Officer.

She adds, “Reaching our science-based targets requires that sustainability is integrated into everything we do. We are investing in training the entire company to engage all our employees on this ambitious journey.” 

Addressing Scope 1, 2, and 3 emissions

Katarina expands on how Hempel will achieve these targets, stating “For our Scope 1 and 2 targets, we will continue our focus on energy efficiency, buying renewable power, and greening our transport fleet.” 

“Scope 3 emissions make up more than 95% of our footprint. To tackle these, we will strengthen our commitment to using suppliers that are also taking steps to reduce their carbon footprint, drive circularity to reduce the footprint of our packaging items and review our formulation principles for existing and new products to identify how we can move away from more carbon-heavy raw materials,” continues Katarina. 

Reducing carbon footprint

Hempel will develop solutions that support its customers in reaching their CO2 reduction targets

Many of Hempel’s products and services across its customer segments, Marine, Energy, Infrastructure, and Decorative, are significantly helping to reduce its customers’ carbon footprint.

While these savings are not counted as part of Hempel’s CO2 reductions, Hempel will continue to develop products and solutions that support its customers in reaching their CO2 reduction targets with quantifiable benefits. 

SBTi

The Science Based Targets Initiative (SBTi) 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 practices in science-based target setting and independently assesses companies’ targets.