Alfa Commits to Achieve Net-Zero Emissions by 2030
SEP 26, 2023 - 7:08 am
Alfa, provider of Alfa Systems, has received validation for its science-based targets and reaffirmed its commitment to achieve net-zero emissions by 2030.
The Science Based Targets initiative (SBTi)validated Alfa’s submission via the SME route, ensuring that targets are aligned with restricting an increase in global temperatures to 1.5ºC. Alfa has committed to reducing Scope 1 and Scope 2 emissions by 42% by 2030 compared with 2022 and measuring reducing Scope 3 emissions.
While these represent the minimum requirements for SBTi submission, Alfa intends to progress even further by committing to a long-term net-zero target. Considering both the short and the long term, Alfa will reduce all Scope 1, 2 and 3 emissions by 90% by 2050 compared with 2022 and neutralize any remaining unabated emissions through permanent carbon removal and storage once it achieves its long-term target.
“Climate change is important to us as a company, as individuals and to our customers. We need to do as much as we possibly can to reduce emissions. Our commitment to reach net zero by 2050 will focus us all on making progress and achieving positive results in key areas,” Duncan Magrath, CFO at Alfa, said. “We have already made great strides with particular initiatives, such as replacing our company car scheme with a salary sacrifice alternative that offers reduced-emissions vehicles. We have introduced a new supplier onboarding process which applies ESG standards, and we are highly conscious of the impact of our business travel and choosing this only when necessary and in the most environmentally friendly ways. There is much more to do, but there is passion and energy for these things in all corners of Alfa, all around the world.”
“Today, Alfa joins the growing list of companies with science-based targets consistent with limiting global warming to 1.5°C,” Luiz Amaral, CEO of the Science Based Targets initiative, said. “We now need more corporate actors to set ambitious targets like Alfa.”
Using 2022 as a base year, Alfa will report regularly on the progress of its emissions targets, enhancing its greenhouse gas emissions reporting along the way.
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