Science Based Target
As part of the Demant Group, we are committed to the Science Based Targets initiative, committing to align climate targets with what is deemed necessary by science to meet the most ambitious aim of the Paris Agreement: to limit global warming to 1.5°C by reaching net-zero global carbon emissions by 2050. We have baselined our scope 1 and 2 emissions and mapped our scope 3 emissions through a spend-based materiality assessment. SBTi guidelines prescribe that we must reduce our direct and indirect emissions (scope 1 and 2) by 46.2% in 2030. Based on this, we have set the target to reduce minimum 50% in 2030. While our scope 3 emissions account for most of our footprint, it is within scope 1 and 2 we have the most power to act in the short term and must act having committed to SBTi. As part of this, our ambition is to begin an ambitious transition to green energy.
To reduce our scope 3 emissions, the journey is less straight forward, though for the first time we have a good overview of where our actual impact is the greatest. Among the 15 categories under scope 3 defined by the Greenhouse Gas Protocol, our purchased goods and services, more specifically electrical equipment, account for most of our scope 3 emissions. This means that we must further explore our own practices and efficiency as well as engage and collaborate with suppliers and manufacturers, as their transition to green energy can make the biggest impact on our scope 3 emissions. Further underlining our ambitions and previous assumptions, the materiality assessment also confirms that our upstream and downstream transportation is material for us to work with under scope 3. Based on the materiality assessment, EPOS has initiated four key projects to reach our ambitions, while we continue to further address our impact on climate and environment. We are not there yet, but we have started the journey.