SBTi Approves Sandvik's Science-Based Emission Reduction Targets
Portfolio Pulse from Benzinga Newsdesk
Sandvik's greenhouse gas (GHG) emission reduction targets have been validated by the Science Based Targets initiative (SBTi). The company commits to reach net-zero GHG emissions by 2050, reduce absolute scope 1 and 2 GHG emissions by 50% by 2030, and reduce absolute scope 3 emissions by 30%. It also aims to reduce absolute scope 1 and 2 GHG emissions by 90% by 2040.
September 01, 2023 | 9:09 am
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Sandvik's commitment to significant GHG emission reductions, validated by SBTi, may enhance its reputation as a sustainable company, potentially attracting environmentally conscious investors.
The validation of Sandvik's emission reduction targets by SBTi underscores the company's commitment to sustainability. This could enhance its reputation and appeal to investors who prioritize environmental responsibility, potentially leading to increased demand for its stock in the short term.
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