The Verallia group’s CO2 reduction targets have been validated by the Science Based Target initiative (SBTi)*.
Verallia is the first glass packager to commit to limiting global warming to +1.5°C compared to pre-industrial temperatures.
This will be achieved through the following targets:
- 46% reduction in Scope 1 and 2 emissions between 2019 and 2030.
- Keeping Scope 3 emissions below 40% of total emissions by 2030.
- Achieving carbon neutrality in 2050 for Scope 1 and 2 emissions.
- Implementing a pilot project in France by 2025.
To aid these targets, Verallia will implement the following levers:
- Changing the raw material mix: the group has already made significant progress with a cullet rate of 55% in its production in 2021, compared to 51% in 2020, and a target of 59% in 2025.
- Reducing energy consumption: Verallia has announced ambitious innovation projects for new electric or hybrid furnaces in France and abroad.
- Increasing the use of green energy: Verallia has signed long-term contracts for the supply of low-carbon electricity in most of its countries of operation, as well as researching alternatives to natural gas.
Michel Giannuzzi, Chairman and CEO of Verallia, said: "I am very proud of SBTi's validation of our CO2 emissions reduction target, which places Verallia at the forefront of its industry. This is excellent news that once again confirms the legitimacy of our sustainability strategy and the continued relevance of our purpose.
We must continue our efforts to meet the challenge of the transition to a carbon-neutral society, in which the packaging sector has a leading role to play.”
*The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Since 2015, over 1,000 companies have joined the initiative to set a science-based climate targets.