Australia-based safety protection solutions company Ansell has pledged to achieve net zero by 2040 for its own operations, supported by a mid-term target of a 42% reduction in Scope 1 and Scope 2 emissions by 2030.
Ansell said its ambitious new “science-based” mid and long-term greenhouse gas (GHG) emission reduction targets were in-line with the ambition of the Paris Agreement to limit global warming to 1.5ºC.
“Ansell will focus on long-term decarbonisation efforts within its own operations, prior to exploring investing in credible and high-quality off-sets to address any limited residual emissions (less than 10%),” it said in a statement.
The company’s decarbonisation strategy will focus on reducing its dependency on fossil fuels and shifting to renewable energy sources through direct renewable energy investments at some of its facilities as well as procurement of renewable energy through Power Purchase Agreements.
It will also focus on innovation in products and business models while reducing reliance on synthetic raw materials and improving circularity.
As part of the strategy, Ansell will also pursue collaboration through value chain partnerships and policy advocacy.
In addition to revised GHG emission reduction targets, Ansell also announced several other climate risk mitigation actions, such as a commitment to align with the Climate Group’s RE100 and EP100 initiatives for shifting to renewables and improved energy management systems in its manufacturing facilities.
The company, which had already pledged to achieve certified zero waste to landfill at all manufacturing operations by end of FY23, said it would undertake a review of its climate action approach and related targets at least every three years.