Carmo has joined Science Based Targets and is therefore committed to reducing CO2 emissions in scope 1 and 2 by 50% in 2030. Carmo’s reduction target is in line with the goal of the Paris Agreement to limit global warming to 1.5°C.
Our goals after joining Science Based Targets
We are proud of joining SBTi, and we are committed to strengthen our efforts to tackle climate change and promote sustainability in our company. Our goals are ambitious and will form the basis of our work going forward. You can read more about this in our official announcement:
We are excited about the journey ahead and look forward to working closely with partners to achieve our sustainability goals. We believe that our commitment to reducing our climate impact will not only benefit the environment, but also strengthen our business in the long term. Based on this, we want to encourage other companies to join Science Based Targets and support a sustainable future.
CO2 accounting tracks the development closely
Carmo’s CO2 reduction is based on emissions in 2018. Carmo will also measure and reduce emissions in scope 3.
At Carmo, we have always optimized our processes to ensure an efficient production. With Science Based Targets, we have specific climate targets that we can work with. Also, we can closely monitor the development of our efforts and adapt the efforts so that we reach our goals.
CO2 emissions 2018-2022
When joining Science Based Targets, we are committed to publish our CO2 accounts annually. Therefore, you will be able to follow the development year by year on this page.
As shown in the graph below, CO2 emissions for the period 2018-2022 (indicated with blue) are below the targets (indicated with yellow). A projection of the development so far until 2030 is indicated with the blue dashed line.
About the calculation of the CO2 accounts
The calculation is based on the Greenhouse Gas protocol. The CO2 footprint is calculated based on the Danish Business Authority’s CO2 calculation tool. The environmental declaration for electricity is used. The accounts are cradle-2-gate, i.e. downstream discharges are not included.
The CO2 accounting for the period 2018-2022 is verified and quality checked by Viegand Maagøe.