The company plans to achieve net zero operations by 2030, and net zero value chain by 2045.
Emerson has announced its sustainability strategy to achieve net zero greenhouse gas (GHG) Scope 1, 2 and 3 emissions by 2045. The company detailed its goal to reach net zero and its environmental, social and governance (ESG) progress in its 202 ESG report.
Lal Karsanbhai, president and CEO of Emerson, commented: “We help enable the low-carbon transition of some of the largest companies and most critical industries around the world. Our net zero goal is a vital step forward as we evolve our business and contribute to a more sustainable world.”
Emerson has aligned its sustainability approach to the Net-Zero Standard set by the Science Based Target initiative (STBi), an organisation driving science-based target adoption. By 2030, Emerson plans to reach net zero across its operations for Scope 1 and 2 emissions and drive a 25% reduction in its Scope 3 value chain emissions compared to a 2021 baseline. These 2030 near-term targets have been approved by SBTi as consistent with the 1.5oC trajectory required to meet the goals of the Paris agreement. Emerson has also committed to validating its long-term 2045 net zero targets, in line with the SBTi’s Net-Zero Standard.
Mike Train, senior vice-president and CSO for Emerson, added: “In addition to the depth of our sustainability roadmap, Emerson’s products, software and services help enable our customers, suppliers and partners to achieve their sustainability objectives. In the face of climate change, we believe driving at-scale adoption of energy transition solutions can make a net zero future a reality.”
Emerson’s 2021 ESG report also highlighted social and governance progress. The company hired its first chief people officer, continued to expand the use of ESG metrics in its compensation programmes and advanced its diversity, equity and inclusion goals and employee programmes.
“The support and energy from the board of directors and the management team are setting the tone for the future direction and culture of Emerson. I am excited by our ESG goals and the progress we are making on so many fronts,” Elizabeth Adefioye, senior vice-president and chief people officer, concluded.