Energy Efficiency, GHG Emissions, Industrial - February 27, 2025
Southwire Receives SBTi Validation
The Science Based Targets initiative (SBTi) validated the GHG emissions reduction targets submitted by Southwire, a North American wire and cable company.
"As the effects of climate change become increasingly clear, taking action to help limit global temperature rise is imperative," said Burt Fealing, Southwire's EVP General Counsel and Chief Sustainability Officer, in a statement. "Setting science-based targets is one of the ways that Southwire is joining in on the commitment to address climate change and work toward mitigating damaging impacts to our communities."
Southwire's targets are the following:
- Southwire committed to lower absolute Scope 1 and 2 GHG emissions 54.8% by 2032 from a 2022 base year. Scope 1 and 2 emissions result from the direct consumption of fuels and use of purchased electricity.
- Southwire also commits to reduce absolute Scope 3 GHG emissions 30% within the same timeframe. Scope 3 emissions are associated with a company's value chain, including raw materials purchased and the use of sold products.
The validation from SBTi marks the company's transition away from its former carbon zero goal of carbon neutrality with the use of offsets by 2025 and toward a science-based target of carbon reduction by 2032 without the use of offsets. The transition reflects Southwire's commitment to prioritizing direct emissions reduction within its own operations and value chain.
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