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Essity Commits to Net-zero Greenhouse Gas Emissions by 2050
Essity Commits to Net-zero Greenhouse Gas Emissions by 2050
Published 07-20-21
Submitted by Essity
July 20, 2021 /CSRwire/ - Hygiene and health company Essity today presents new and updated sustainability targets including a commitment to develop targets to reach net-zero greenhouse gas emissions by 2050 at the latest. This includes raising the ambition level of Essity’s current Science Based Targets. Other updated targets include sustainable innovations, occupational safety and responsible sourcing.
The net-zero ambition means that Essity will join the U.N. Global Compact’s “Business Ambition for 1.5°C” to develop targets to reach net zero emissions by 2050 for the entire value chain, in line with Science Based Targets initiative (SBTi) criteria. This includes an upgraded target in line with “Well-below 2°C” scenario and means the company commits to reducing its Scope 1 and Scope 2 emissions with 35% by 2030 from 2016.
Essity will reach the net-zero target and reduce its environmental impact by increased focus on energy efficiency, removal of fossil fuels, and increased use of renewable energy.
In addition, Essity has increased the ambition for sustainable innovations. The new target is that at least 50% of all innovations should yield a social and/or environmental improvement. Sustainable innovations are measured as share of revenue from innovations launched in the last three years.
For occupational safety, Essity has an updated target to reduce the total recordable injuries rate by 75% by 2025 compared to 2019. Essity has also updated the target for responsible sourcing to 95% of Essity’s total purchase cost is to be from suppliers that comply with Essity’s Global Supplier Standard by 2025.
“We are committing to ambitious targets that will require us to continue to constantly improve the way we innovate and contribute to a circular society. As a leading global hygiene and health company, Essity has an important role to play and together with our customers, consumers, and other partners for increased well-being for both people and the planet”, says Magnus Groth, President and CEO at Essity.
Essity
Essity
Essity is a leading global hygiene and health company that develops, produces and sells Personal Care (Baby Care, Feminine Care, Incontinence Products and Medical Solutions), Consumer Tissue and Professional Hygiene products and solutions.
Our vision is; Dedicated to improving well-being through leading hygiene and health solutions. The name Essity stems from the words essentials and necessities. Sales are conducted in approximately 150 countries under many strong brands, including the leading global brands TENA and Tork, and other brands, such as Leukoplast, Libero, Libresse, Lotus, Nosotras, Saba, Tempo, Vinda and Zewa. Essity has about 48,000 employees and net sales in 2017 amounted to approximately 12.8 bn USD (SEK 109bn, EUR 11.3bn). The business operations are based on a sustainable business model with focus on value creation for people and nature.
The company has its headquarters in Stockholm, Sweden, and is listed on Nasdaq Stockholm. Essity used to be part of the SCA Group.
About Tork
Tork is a brand of Essity. Essity is a leading global hygiene and health company that develops personal care, professional hygiene and consumer tissue products and solutions. Essity offers Tork paper towels, toilet paper, skin care products, facial tissue, wipers, wet wipes, napkins and other hygiene products for washrooms, wash stations, healthcare areas, food and beverage handling, food preparation, manufacturing and maintenance. For more information, visit http://www.torkusa.com/
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