Energy Storage, GHG Emissions, Industrial - October 29, 2024
Nexans Receives SBTi Validation
Nexans announced that the Science-Based Targets initiative (SBTi) approved its net-zero commitment.
The cable and optical fiber company headquartered in Paris is reaffirming the company’s commitment to reducing its GHG emissions across its entire value chain.
Nexans’ commitments are twofold, encompassing both near-term and long-term goals:
- Near-Term Targets
– Nexans commits to reduce absolute Scope 1 and 2 GHG emissions 46.2% by 2030 from a 2019 base year.
– Nexans also commits to reduce absolute Scope 3 GHG emissions 30% within the same timeframe.
- Long-Term Targets
– Nexans commits to reduce absolute Scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year.
– Nexans also commits to reduce absolute Scope 3 GHG emissions 90% within the same timeframe.
These interim targets are intended to pave the way for Nexans to achieve net-zero emissions by 2050, and the company has outlined several strategic levers that will drive its decarbonization efforts spanning plant operations, energy efficiency and the development of sustainable products.
To optimize plant operations across Scopes 1, 2 and 3, Nexans is focused on reducing emissions across its production processes by optimizing energy consumption. This includes improving operational efficiency across its plants and minimizing carbon emissions in both upstream and downstream activities.
For improving energy efficiency (Scopes 1 and 2), Nexans is committed to reducing its reliance on non-renewable energy by integrating more renewable energy sources into its operations, either through on-site production or purchasing renewable electricity.
Nexans continues to innovate by offering low-carbon products and solutions. By optimizing the use of materials and collaborating with suppliers who are aligned with its decarbonization targets, the company is ensuring that its products contribute to lowering emissions throughout the value chain.
"This approval is a testament to our holistic approach to sustainability and our relentless pursuit of meaningful climate action," said David Grall, vice president of sustainability and transformation at Nexans, in a statement. "It proves that our commitments are underpinned by robust, actionable plans. We are not only committed to decarbonizing our operations, but also to helping our customers and partners lower their own carbon footprints through innovative solutions. For Nexans, sustainability is not just a goal – it’s a responsibility we take seriously every day."
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