Sector - Energy, Fuel & Utilities
LafargeHolcim Commits to Net Zero Pledge
Reflecting on its commitment to taking action on climate change, LafargeHolcim, the parent company of Aggregate Industries. has become the world’s first building material supplier to commit to being net zero by 2050.
This significant announcement sees LafargeHolcim become the first company of its kinds to join the Science Based Targets initiative (SBTi) – a scheme which determines how much and how quickly firms must reduce its greenhouse gas emissions.
Under SBTi’s ‘Business Ambition for 1.5°C’, an urgent target set up by UN agencies, business and industry leaders, LafargeHolcim has committed to speed up its reduction in CO2 intensity per tonne of cementitious materials by 2030.
Setting ambitious standards for green construction, LafargeHolcim, which operates in 90 countries, is working in partnership with SBTi to develop a roadmap to help the global cement sector hit the 1.5°C target – the temperature at which we can avoid irreversible damage due to climate change.
This includes spearheading a number of initiatives that will be rolled out across its UK business Aggregate Industries, such as recycling 100 million tons of waste and by-products for energy and raw materials and accelerate the use of low-carbon and carbon-neutral products.
The announcement comes as last year the UK became the first major economy in the world to pass laws to become Net Zero by 2050. Committed to supporting this ambition and that of its parent company, Aggregate Industries said it will continue to reduce its CO2 emissions and lead the way on sustainability.
Guy Edwards, Chief Executive Officer at Aggregate Industries UK, said: “We’re proud to be part of the LafargeHolcim Group as it makes the bold and ambitious pledge to go Net Zero by 2050. By being the first building materials supplier in the world to sign up to the SBTi’s ‘Business Ambition for 1.5°C’ demonstrates our genuine desire to achieve real and lasting change in protecting the environment.
“In our capacity as one of the UK’s leading construction materials suppliers, we fully support LafargeHolcim’s pledge and accelerating the use of low-carbon and carbon-neutral products is just one of the initiatives we’re currently working on to help create a greener construction industry.”
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