CAREL presents its carbon footprint reduction plan to SBTi

Following the signing of the commitment letter in March this year, CAREL is proud to announce the presentation of its near-term emissions reduction targets to SBTi, confirming its commitment to the fight against climate change and achieving its environmental sustainability objectives.
The Science Based Targets initiative is an international network founded in partnership between the Carbon Disclosure Project, the United Nations Global Compact, the World Resources Institute and the World Wide Fund for Nature. Its aim is to promote best practices for the scientific definition of decarbonisation targets, as well as conducting independent assessments of the targets proposed by companies.
CAREL's proposed 10-year plan aims to significantly reduce greenhouse gas emissions in its processes and across the company's value chain, in line with global efforts to keep temperatures from rising, as set out in the Paris Agreement.

Main objectives of the plan to 2033:

• reduction in Scope 1 and Scope 2 emissions: 54.6% (reference year 2023);
• reduction in Scope 3 emissions: 32.5% (reference year 2023).

In order to achieve these commitments, CAREL has defined a decarbonisation plan that comprises various levers, including:

• the use of energy from renewable sources, through self-production and the purchase of green electricity;
• significant investments to replace non-renewable sources (natural gas) through electrification of its plants and machinery;
• engaging the supply chain in energy saving and lower emissions.

Approval of the plan is dependent on the SBTi schedule.

Francesco Nalini, CAREL Group CEO, and Carlotta Rossi Luciani, member of the Board of Directors with responsibility for ESG, jointly commented: "The presentation of our Emissions Reduction Plan to SBTi is a further step forward in CAREL's ambitious sustainability program, which includes investments in innovation, lowering environmental impact and promoting circular business models. We firmly believe that the private sector needs to play a central role in the fight against climate change, and our own commitment is driven by the will to make an active contribution to safeguarding the planet for future generations."