18 March 2019 | News
DSM has committed to reducing 30% of its greenhouse gas emissions from direct production and purchased energy in absolute terms by 2030 compared to 2016
Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, has set new science-based reduction targets for greenhouse gas emissions. The new targets have been reviewed and approved by the Science Based Targets initiative and aligned with the Paris climate agreement. DSM is the first European company in its sector to join the group of almost 180 leading companies with validated science-based targets.
DSM has committed to reducing 30% of its greenhouse gas emissions from direct production and purchased energy in absolute terms by 2030 compared to 2016. DSM will decouple emissions from its growth through energy efficiency measures and sourcing more renewable electricity.
As a complementary target, DSM will be purchasing 75% of electricity from renewable sources by 2030, with 41% already being renewable in 2018. On top of this, DSM applies an internal carbon price of €50 per ton of CO2 to further guide its investments and operational decisions towards low carbon operations.
Additionally, as DSM’s operations only represent a small proportion of the total emissions in the value chain of its products, DSM has set a new, more ambitious target to reduce indirect value chain emissions by 28% per ton of product produced by 2030. Emissions reductions in the value chain will be driven particularly through DSM’s recently initiated CO2REDUCE program, focusing on encouraging and challenging suppliers to reduce their climate impact.
DSM’s targets have been assessed by the Science Based Targets initiative (SBTi) to be in line with the level of decarbonization required to keep global temperature increase below 2 degrees Celsius compared to pre-industrial levels. The SBTi is collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), driving ambitious corporate climate action.