Schmitz Cargobull’s targets for reducing greenhouse gas emissions meet Science Based Targets initiative (SBTi) criteria.
The short- and long-term targets submitted have been validated according to climate science-based standards in line with Paris Agreement’s goal of limiting global warming to below 2.0 degrees.
The measures to achieve the targets include decarbonising the cold chain, the materials used and the company’s own transport logistics.
“Our goal is to align our economic activity and our products for a sustainable transport industry with climate protection,” said Schmitz Cargobull AG COO, Dr Günter Schweitzer.
“As a leading European manufacturer of semi-trailers, we have integrated our sustainability goals into our overall strategy as part of our corporate responsibility.
“We are committed to fair CO2 pricing and market-based incentives instead of distorting subsidies.
“The validation of our Net Zero targets by the SBTi underlines the credibility of our commitment.
“The validation is also recognition of the excellent work of the entire Schmitz Cargobull team on the road to our science-based Net Zero target. We have set ourselves this goal for fiscal year 2044/45.”
Schmitz Cargobull is committed to reach Net Zero greenhouse gas emissions across the value chain by the financial year 2044/45.
When it comes to short-term targets, Schmitz Cargobull is committed to reducing absolute greenhouse gas emissions in Scope 1 and 2 by 90 per cent by the financial year 2029/30 compared to the base financial year 2021/22.
In addition, absolute greenhouse gas emissions in Scope 3 are to be reduced by 35 per cent by the financial year 2034/35 compared to the base financial year 2021/22.
The long-term target is to maintain a minimum of 90 per cent absolute scope 1 and 2 GHG emissions reductions from financial year 2029/30 through financial year 2044/45 from a base financial year 2021/22.
Schmitz Cargobull also commits to reducing its absolute greenhouse gas emissions in Scope 3 by 90 per cent by the financial year 2044/45 from a base financial year FY2021/22.
The target boundaries include land-related emissions and removals from bioenergy feedstocks.
These targets have been validated by the SBTi and meet the requirements of the current SBTi standard.
Schmitz Cargobull’s sustainability strategy is consistently focused on three areas of action: products & services, the environment and people, and involves all Schmitz Cargobull locations. This focus is based on eight areas of action. Key areas have been defined for each area of action, which include targets, milestones and operational measures.
SBTi is a joint initiative of the global non-profit environmental organisation Carbon Disclosure Project (CDP), the UN Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
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