Nexans Greenhouse Gas Reduction Targets Receive Validation from the SBTi

EIN Nexans Logo 2022

May 4, 2022

Nexans announced that its greenhouse gas (GHG) emissions targets have been validated by the Science Based Targets initiative (SBTi).

The Science Based Targets initiative (SBTi) mobilizes companies to set science-based targets and boost their competitive advantage in the transition to the low-carbon economy. It is a partnership between Carbon Disclosure Project (CDP), the United Nations Global CompactWorld Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

Nexans’ sustainability roadmap, analysed by SBTi’s Target Validation Team, includes a commitment:

  • to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2030 versus 2019 base year.
    Scope 1 and 2 cover the GHG emissions coming from industrial operations of the Nexans Group;
  • to reduce absolute Scope 3 GHG emissions by 24% by 2030 versus 2019 base year.
    Scope 3 covers the GHG emissions coming from use of sold products, purchase of goods and services, metal extraction, transportation, and operations before and after the transformation of raw materials to finished products done by the Nexans Group.

Nexans targets for scope 1 and 2 are in line with the 1.5° C trajectory, determined by the Paris Agreements (COP21). As stated by SBTi, the Group’s 1.5°C-aligned target currently are the most ambitious designation available through the SBTi process.

Nexans will embed sustainability across all its divisions, from innovations and solutions development, product manufacturing, and managing daily operations, to the purchase of raw materials, the use of its sold products, as well as working habits and employees commuting.

Source

Related Articles


Latest Articles


Changing Scene

  • Federal Government Invests $1.2B to Build 84,500 EV Chargers by 2027

    Federal Government Invests $1.2B to Build 84,500 EV Chargers by 2027

    From mining, to manufacturing, to charging, Canadian businesses and workers are attracting historic investments in the electric vehicle (EV) supply chain. When electric vehicles are made from Canadian minerals, assembled by Canadian auto workers, and powered at Canadian-made chargers, we secure and create jobs, grow our economy, and keep our air clean now and into the future. Read More…

  • Applications Open for Nova Scotia Power’s 2023 Scholarship and Bursary Program 

    Applications Open for Nova Scotia Power’s 2023 Scholarship and Bursary Program 

    Applications are now open for Nova Scotia Power’s 2023 Scholarship and Bursary Program, and Nova Scotian students are encouraged to apply. The program is accepting applications until April 19, 2023. As part of its Diversity, Equity and Inclusion strategy, Nova Scotia Power is focused on supporting programs and initiatives that help remove barriers, advance DE&I education and awareness in Nova Scotian communities. Read More…

  • BCUC Approves Deferral Account for FortisBC’s Electric Vehicle Workplace and Fleet Charging Funding Program

    BCUC Approves Deferral Account for FortisBC’s Electric Vehicle Workplace and Fleet Charging Funding Program

    Recently, the British Columbia Utilities Commission (BCUC) approved FortisBC Inc.’s (FBC) application for a new deferral account to enable funding to organizations for the purchase and installation of Electric Vehicle (EV) charging infrastructure. Through FBC’s EV Workplace and Fleet Charging Funding Program, eligible organizations can request a one-time FBC funded contribution of $1,920 per Level 2 EV Charger, capped at seven chargers per site. Read More…

  • Parliamentary Secretary Julie Dabrusin Announces New EV Chargers in B.C. and New Single Window for ZEV Infrastructure Applications

    Parliamentary Secretary Julie Dabrusin Announces New EV Chargers in B.C. and New Single Window for ZEV Infrastructure Applications

    Reducing pollution from the transportation sector is critical to Canada achieving its climate targets. That’s why the Government of Canada is making it more affordable for Canadians to purchase, charge and drive electric vehicles (EV) across the country. Recently, Julie Dabrusin, Parliamentary Secretary to the Minister of Natural Resources and to the Minister of Environment and Climate Change, on behalf of the Honourable Jonathan Wilkinson, Minister of Natural Resources, launched a new, integrated, federal zero-emission vehicles (ZEV) infrastructure landing page. Read More…