Industrial | Page 17

Piramal Pharma Limited, a global pharmaceuticals company, has embarked on its sustainability journey as the Science Based Targets initiative (SBTi) officially validated the company's near-term GHG emission reduction targets.

Nidec Corporation, a Japanese motor manufacturer, announced that Nidec Group’s CO2 reduction targets have been validated by the Science Based Targets initiative (SBTi).

Regal Rexnord Corporation — a company that manufactures products that power, transmit and control motion — achieved a 15.5% year-over-year reduction in absolute Scope 1 and 2 GHG emissions and decreased its GHG emission intensity by 10.2% in 2023.

Sysco Corporation, a food distributor, announced the arrival of eight heavy-duty electric tractors to its fleet in Victoria, which serves over 1,500 customers including restaurants, healthcare and education customers.

Kennametal Inc. announced that the company reduced Scope 1 and 2 GHG emissions by 2%.

Utz Brands, Inc., a manufacturer of savory snacks, achieved a 16.6% reduction in Scope 1 and 2 GHG emissions.

Far Eastern New Century (FENC), a global manufacturer in recycled polyester production, established sustainability goals for 2030, which include a 50% reduction in carbon emissions, green products constituting 50% of total production and green raw materials comprising 50% of its sourcing.

Rinchem Company, LLC, a global chemical management solutions company, announced the approval of its science-based targets by the Science Based Targets initiative (SBTi).

The Science Based Targets initiative (SBTi) launched sector-specific criteria and calls for building companies and financial institutions to align with net-zero goals.

The Timken Company, a global company in engineered bearings and industrial motion products, achieved a decrease of 40% in emissions from its 2018 baseline year through year-end 2023.