Energy Efficiency, GHG Emissions, Industrial - June 18, 2024
Pyxus Receives SBTi Validation
Pyxus International, Inc., a global agricultural company, announced its near-term GHG emissions reduction targets received approval from the Science Based Targets initiative (SBTi).
The SBTi classified Pyxus' Scope 1 and 2 near-term target as in line with a 1.5°C trajectory and also evaluated and approved the company's scope 3 near-term target.
By 2030, Pyxus aims to reduce its direct Scope 1 and indirect Scope 2 emissions by 42% compared to its 2020 base year. It has also committed to the reduction of its Scope 3 indirect value chain-related emissions from purchased goods and services by 25% within the same timeframe.
"The SBTi's approval of our science-based emissions reduction targets is a significant milestone for the Company and further confirms our commitment to and the validity of our approach to GHG reduction," said Pyxus President and CEO Pieter Sikkel in a statement. "Since our base year, we have reported a nine percent decrease in our absolute emissions – largely attributable to the utilization of alternative fuel sources – and we will continue to implement improvements that generate operational efficiencies, mitigate risks and reduce our environmental impact going forward."
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