Sofidel Commits To Net Zero Emissions By 2050
Sofidel, one of the leading manufacturers of paper for hygienic and domestic use worldwide, is intensifying its ecological transition policies and — after the achievements of the WWF Climate Savers program and the endorsement of decarbonization targets to 2030 by Science Based Targets initiative (SBTi) – is committing to Net Zero by 2050.
“The Net Zero goal, i.e. reduction of greenhouse gas emissions and the subsequent removal of residual emissions to as close to zero as possible along the entire value chain, is at the heart of the European Green Deal and considered crucial to limiting global warming to well below 2°C in line with the Paris Agreement,” according to a press release. “Sofidel will undertake this journey together with SBTi — the partnership between Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) — that promotes sustainability best practices and helps companies to pursue greenhouse gas reduction goals in line with science.”
“Sofidel is still accelerating its decarbonization journey. Net Zero is a commitment to our planet, a fundamental goal for a company like ours engaged in a highly energy-intensive industry. It is not an easy challenge, but it is a necessary one, following on from and consistent with the huge amount of work we have already done,” Sofidel Group Sustainability Director Riccardo Balducci said.
“For Sofidel, Net Zero represents the next step in a journey to reduce greenhouse gas emissions that goes back a long way. In 2008, it became the first Italian manufacturing company and the first company in the tissue sector in the world to join the international WWF Climate Savers program, committing to ambitious voluntary greenhouse gas emissions reduction targets. From 2009 to 2020, Sofidel reduced direct CO2 emissions (carbon intensity) into the atmosphere by 24%,” the release added.
The Group’s aim by 2030 is a further 40% reduction in scope 1 and scope 2 CO2 emissions compared to the 2018 base year, and a 24% reduction in scope 3 emissions. This goal was also approved by SBTi.
“The strategy to achieve a highly challenging and time-consuming goal is based on a multifaceted plan, which looks not only at the industrial activities directly managed by Sofidel, but also at the involvement of stakeholders throughout the supply chain, as well as relying on the gradual maturation of technological options that to date are unaffordable,” according to the release.