Science Based Targets Initiative Approves Fredman’s Short-Term Emission Reduction Targets
The Science Based Targets initiative (SBTi) has approved Fredman Group Oy’s short-term emission reduction targets. With this approval, Fredman joins over 50 Finnish SMEs that are advancing climate action based on scientific research and are committed to limiting global warming to 1.5 degrees Celsius.
The approved interim targets cover emission reductions for Fredman companies under Scope 1 and 2 classifications by 2030.
“Mitigating climate change is essential not only for the planet but also for our customers and our business. Our vision is to be the leading manufacturer of sustainable kitchen products in the Nordics. This is an ambitious goal that requires continuous work and investments”, says Fredman Group CEO Per-Henrik Hagberg.
The Science Based Targets initiative sets the same conditions for all companies with fewer than 500 employees, under which emission reductions must be committed. Fredman commits to:
- Reducing absolute Scope 1 and 2 carbon dioxide emissions in Fredman companies by 42% from the 2022 baseline by 2030.
- Measuring and reducing other indirect emissions (Scope 3) in our value chain.
Fredman has systematically reduced its operational emissions since 2006. In 2022, Fredman’s direct emissions from operations and purchased energy were minimal, totaling only 0.07% of total emissions, or 15.48 t CO2e. Fredman aims to reduce operational emissions by improving energy efficiency, for example.
Fredman aims to reduce Scope 3 emissions in the value chain through environmentally conscious raw material procurement, optimizing transportation, and encouraging raw material suppliers to commit to science-based emission reduction targets.
The Science Based Targets initiative (SBTi), based on climate science, is a joint project of the CPD organization, the UN Global Compact initiative, the World Resources Institute (WRI), and the environmental organization WWF. Its purpose is to provide companies, investors, and other stakeholders with tools to monitor emission reduction targets and their implementation.
Monitoring is based on a scientific calculation method that ensures that companies’ targets are in line with the goals set in the Paris Agreement.
