GHG Emissions | Page 155

Techtronic Industries Co. Ltd., a global power equipment and floorcare & cleaning company, announced it committed to setting Science-Based targets by signing the Science Based Target initiatives (SBTi) commitment letter.

ESAB Corporation, a connected fabrication technology and gas control solutions company, has committed to reducing absolute global Scope 1 and Scope 2 GHG emissions at major manufacturing sites by 30% by the year 2030 from a 2022 baseline.

Stellantis announced that the Mangualde Production Center in Portugal will produce battery-electric, light-commercial vehicles (LCV) starting in early 2025.

Etsy, an ecommerce company, will allocate $30 million of its cash holdings towards an impact investment fund, which will enable the company to use capital to expand its efforts to promote sustainability.

In its third Annual Sustainability Report, Polestar, a Swedish EV maker, confirmed it reduced relative CO2e-emissions per car sold by 8% compared to 2021 levels.

Donaldson Company, a manufacturer of filtration products and solutions, is targeting an absolute reduction of its Scope 1 and 2 GHG emissions by 42% by the end of fiscal year 2030 from a fiscal year 2021 baseline.

Cleveland-Cliffs Inc., a flat-rolled steel producer, announced its Scope 1 and 2 GHG emissions in 2022 were below its reduction goal of 25% lower, well in advance of its 2030 target year for such reductions.

The global energy transition calls for accelerated action. That was the key message at the Berlin Energy Transition Dialogue, during which IRENA's Director-General, Francesco La Camera, introduced the World Energy Transitions Outlook 2023 Preview with the goal to speed up meaningful progress.

Electrolux Group, a global appliance company, is three years ahead of its plan to achieve a science-based climate target.