As Coor has committed to achieve net zero greenhouse gas emissions by 2040, our environmental work will influence our decisions and daily operations to an even greater extent than today. In order to reach our ambitious climate goal, we need to collaborate with customers, service users and suppliers. We are also dependent on new innovations that help us to reduce both our own and our customers’ climate footprint.
The overall ambition within environmental responsibility is to protect the environment by actively trying to reduce our own and our customers’ environmental impact, as well as to reduce the resource utilization – both activites carried out in-house and by suppliers.
In order to achieve this, we aim for improved environmental performance by acting as a green advisor to help clients reduce their environmental impact as well as actively reduce our own environmental impact, i.e. energy usage, waste management, chemical use, carbon emissions from transports and raw materials handling. Our goal is to halve our carbon footprint from 2018-2025 and to reach Net-Zero greenhouse gas emissions by 2040.
Activities aimed at reducing the climate impact of our daily operations are being carried out continuously. This is done partly through the services we provide and partly at Coor’s own offices. We have a major responsibility for the impact of our own operations and at the same time a big opportunity to support our customers in their environmental efforts.
Coor works with science-based targets. This means that Coor's climate goals are in line with the Paris Agreement and what the science says is required to limit global warming to 1.5°C. Coor's near-term climate goals were validated by the Science Based Target initiative (SBTi) on 26 April 2022.
To reach Net-Zero by 2040, which is ten years earlier than the SBTi's requirement for companies, Coor needs to eliminate greenhouse gas emissions in its own operations and reduce carbon dioxide emissions from the entire value chain by 90% compared to the base year 2018. In 2023, the SBTi validated that the initiatives in Coor's plan correspond to evidence-based requirements for reaching the target.
In order to limit global warming to 1.5°C, Coor has set a target of reducing its emissions of greenhouse gases under scope 1 and scope 2 by 75% by 2030, compared to 2018.
Coor has set a target to ensure that 75% of the company’s scope 3 emissions from purchased goods and services, upstream transportation and distribution come from suppliers with targets approved by SBTi. This goal is to be met by 2026.
Direct emissions from Coor’s vehicle fleet and machine park. The goal until 2030 is to have an entirely fossil-free vehicle fleet.
Indirect emissions from premises where Coor has operational control of excess energy use. The goal until 2030 is that all electricity come from renewable sources. The long-term goal is to use only renewable energy sources to meet the demand for electricity, heating, and cooling in the premises.
Indirect emissions from purchased goods and services, fuel and energy related activities, upstream transportation and distribution, employee commuting and waste management. In addition to our supplier engagement target, we have also set a target of reducing emissions from food and beverage by 30% [kg CO2e/kg purchased raw material] by 2025 compared to the baseline year 2018.
