Energy Efficiency, GHG Emissions, Industrial  -  February 21, 2023

Wabtec Sets 2030 Goals

Wabtec Corporation sets a new near-term absolute GHG reduction goal to reduce its Scope 1 and 2 GHG emissions by 50% by 2030 from a baseline of 2019.

A global provider of equipment, systems and digital solutions to the freight and transit rail industries and the mining, marine and industrial markets, the company committed to disclose Wabtec’s Scope 3 GHG emissions across its full value chain this year and committed to set near-term targets next year for categories of Scope 3 GHG emissions material to Wabtec

Wabtec plans to reduce its GHG emissions intensity by 20% across the company’s global operations, partnering with industry to accelerate the development, validation, and adoption of lower carbon fuels and alternative clean energy technologies for the freight rail industry and joining the United Nations (UN) Global Compact and Europe’s Rail Joint Undertaking (ERJU) as a founding member.

Details were provided in its 2022 Sustainability Report.

“At Wabtec, we remain committed to be part of the solution and to slow the speed of global climate change by taking action within our own operations and bringing products to market that drive sustainable value for our customers,” said Rafael Santana, President and CEO of Wabtec in a statement. “While the journey to a fully decarbonized transportation future will take time, I am confident in the strength of Wabtec’s innovation, global scale, and, most importantly, our people. I know that we will lead our industry forward, not by waiting for the future, but creating it.”