Gränges commits to climate neutrality by 2040 and joins the Science-Based Targets initiative

During the last five years, Gränges has delivered strong progress towards ambitious sustainability targets. Total carbon emissions intensity has been reduced by 19 per cent versus baseline 2017, equal to an annual reduction rate of 5 per cent. The emission reduction has mainly been driven by increased circularity, and recycled volumes more than tripled in the same period. Sustainability and recycling are two critical parts of Gränges' business model, and strong drivers of the company's long-term competitiveness and value creation.

- We continue to focus on decarbonizing our business and leading the way in offering aluminium solutions that are clearly differentiated from a sustainability perspective. Committing to carbon neutrality and joining the SBTi are the natural next steps for us. Together with our customers and suppliers, Gränges can make an enormous difference, says Jörgen Rosengren, President and CEO.

Joining the SBTi demonstrates Gränges' strong sustainability commitment and dedication to reduce the climate impact from its business and along the value chain. Gränges has previously established ambitious carbon emission reduction targets for 2025 (from a 2017 baseline), and the company's new ambitious long-term target is to reach climate neutrality by 2040.

About SBTi
The SBTi is a global partnership between Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Science-based targets provide a clearly defined pathway for companies and financial institutions to reduce greenhouse gas emissions, helping prevent the worst impacts of climate change and future-proof business growth. Targets are considered science-based if they are in line with the level of decarbonization required to keep global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C.